Beyon has officially appointed AECOM as the master planner for its ambitious Beyon Digital City project in Bahrain. This development represents a significant step forward in creating a cutting-edge digital and technological hub, with an investment of nearly $700 million aimed at establishing a premier ecosystem for technology and innovation in the Hamala area. The...
Emaar The Economic City (Emaar EC) has successfully obtained a loan of 1 billion riyals, equivalent to $267 million, from the Public Investment Fund (PIF) to support project costs and drive growth. This loan is part of the company’s Capital Optimisation Plan. The new financing represents an amendment to a prior agreement made in 2023...
Ras Al Khaimah (RAK) is increasingly becoming a significant global investment hub, attracting businesses and luxury developers with its investor-friendly policies and stunning natural landscapes. The emirate has seen a remarkable transformation, moving from a quiet escape to a hotspot for global enterprises. In 2024, RAK recorded a 12% increase in tourism revenues, welcoming over...
Khalifa Economic Zones Abu Dhabi (KEZAD Group) and its strategic client Metal Park have announced the launch of a new storage hub valued at AED 110 million. This development is expected to enhance logistics capabilities in the region and support the growing demand for storage solutions. The new facility will span a significant area within...
Dubai Ports World (DP World) and the General Authority for Ports, known as Mawani, have unveiled a new advanced container terminal in Jeddah Islamic Port. This project represents a significant milestone in DP World’s expansion and development program, with an investment of 3 billion Saudi Riyals (approximately 800 million US dollars) aimed at modernizing the...
The United Arab Emirates (UAE) has been recognized as one of the world’s top 10 countries for next-generation opportunities, primarily due to its Golden Visa program. The UAE secured the seventh position in the Henley Opportunity Index released by Henley and Partners, achieving high scores in employment prospects, earning potential, and economic mobility. In this...
Real-world asset (RWA) tokenization is experiencing significant growth in the United Arab Emirates, as industry players seek to meet the rising demand for blockchain-based asset trading. This process involves converting financial and tangible assets into tokens on a blockchain, which enhances accessibility and liquidity for traditionally illiquid assets. As of February 3, the cumulative all-time...
Bahrain-based Investcorp has successfully acquired two industrial portfolios located in Minneapolis and Baltimore. The transaction, valued at more than $335 million, reflects the firm’s ongoing strategy in the US real estate market. The portfolios consist of a total of 27 properties, encompassing 2.7 million square feet of space. Investcorp, recognized as the largest alternative investment...
Abu Dhabi-listed Investcorp Capital has significantly increased its real estate asset base in the United States by acquiring four new student housing properties for a total transaction value exceeding $300 million. This move marks a strategic expansion into the US housing market. According to Zawya, the newly acquired assets are located in Texas and Oklahoma,...