RAK Properties triples H1 profit in 2023

Strong first half-year for developer, as intense demand drives revenues to $140mn. RAK Properties has recorded solid growth for the first half...

Arada awards US $108mn contract for apartment buildings within Aljada

Work on Aljada’s Nasaq District to start shortly, featuring 649 homes and diverse lifestyle amenities. Sharjah-based developer Arada has awarded a $108mn...

Middle East shows 24-fold increase in WELL adoption

The Push for higher accreditation in the UAE is being led by the Prime Minister’s office - the world’s first WELL-Certified government...

Leos Developments launches Experience Centre

New multi-purpose centre launched by Leos to showcase residential innovations also provides a valuable community hub. Leos Developments has unveiled a luxurious...

GHD, Fraunhofer and UAE’s MOEI develop National Hydrogen Strategy

The strategy sets the stage for the UAE’s ambitious hydrogen goals, with the next milestone being the development of a Low Carbon...

Oman & OERC ink logistics deal with Jindal Shadeed Iron & Steel

The partnership is expected to optimise Jindal’s logistics operations and support its growth in the region. A Memorandum of Understanding (MoU) has...

RSG announces significant progress on The Red Sea Destination

The firm notes that the first three hotels and phase one of the international airport are on track to open later this...

Ethiopia sources $720mn in financing for road infrastructure project

The World Bank says the finance initiative will be “a catalyst for commerce”. In a bid to improve road travel between Addis...

RSG opens first mangrove nursery in support of aim to plant 50m mangrove trees by 2030

Mangrove nurseries must be protected from natural threats in their own habitats such as storms, extreme high tides, grazing animals, and algae...

Samana launches $58.53mn residential project in Al Furjan

New 178-apartment complex is designed to reflect ‘west coast’ lifestyle, while offering highly flexible payment plans. Samana Developers has launched its US...