Aldar-led consortium acquires 85.5% of Egypt’s SODIC in $386.8m deal

Abu Dhabi-based consortium of Aldar and ADQ acquires majority stake of Egyptian developer as part of long-term strategy for North African country....

Siemens Smart Infrastructure signs agreement to acquire digital twins software from EcoDomus

Move will help expand Siemens Smart Infrastructure’s digital building portfolio. Siemens Smart Infrastructure has signed an agreement to acquire digital twin software...

OIA unveils $9bn national building programme

Projects span several sectors including energy, food, healthcare and industrial . As part of the country’s ongoing 51st National Day celebrations, the...

Bahrain unveils $30bn strategic projects plan to boost economic recovery

22 strategic projects to be developed in key sectors of the Bahraini economy, minister reveals. Bahrain has unveiled its new strategic projects...

Egypt to build 17 new smart cities across country

Project is part of target to provide internet access to 58 million people over the next three years. The Egyptian Minister of...

KSA’s Eastern Eamana announces plans for $37.2m complex in Dhahran

Project will boost recreational activities and tourism in Eastern Province. Saudi Arabia’s Eastern Eamana has announced plans to invest $37.2 million into...

Hilti acquires Fieldwire for $300 million

Strategic acquisition will accelerate Hilti’s capability to deliver productivity to customers through software solutions. The Hilti Group has announced that it has...

Makkah and Madinah real estate opens to foreign investment

Capital Market Authority says the decision will contribute to relying on the capital market as a diversified financing channel. Capital market institutions...

World supply chain woes to ease early 2022, Dubai South’s Logistics CEO tells Hypermotion Dubai

Virgin Hyperloop explores move into cargo and logistics sectors Hypermotion Lab hears while Oman’s Asyad trials blockchain technology. The current woes stress...