FIM Partners, HIVE, and Rafal Real Estate Development Company to establish $150mn development fund

HIVE, Rafal Real Estate Development Company and FIM Partners announced their intent to establish a fund of US $150mn. The fund will...

Construction

Works on Bali’s US $20bn subway project to begin in September

An investor has been secured by the provincial government of Bali, Indonesia for a US $20bn subway project. The new system of...

Infrastructure

Ferrovial purchases 24% stake in India-based infrastructure company

Infrastructure specialist Ferrovial, through its toll-road subsidiary Cintra, has invested US $802.3mn for a 24% stake in IRB Infrastructure Trust in India....

Construction

US $1bn climate-focused action plan announced by NYC authorities

New York authorities have announced the release of a new Green Economy Action plan, which includes almost US $1bn of investments into...

Infrastructure

Deal inked to increase investment into infrastructure projects in Africa

A new agreement has been formalised between the European Commission and the African Development Bank. The deal will see increased investment flow...

Sustainability

Saudi Arabia to invest US $92bn into transforming Riyadh ahead of Expo 2030

Saudi officials have announced plans to spend US $92bn to transform Riyadh ahead of Expo 2030. The investment aims to make Riyadh...

Property

GCC residential value to hit $3.43tn says Select Property

Developer Select Property has said that the value of GCC real estate is likely to reach US $4.43tn this year, and show...

Financial

Middle East markets offer strong cost-to-build value

Leading Middle East markets continue to experience high growth in construction activity, as the region invests in nation-building agendas that support economic...

Property

Indians invested US $4.32bn in property in Dubai in 2022 says ZāZEN Properties

According to Dubai Land Department (DLD) data credits, Indians last year invested $4.32bn into Dubai’s real estate sector, accounting for the second-highest investment...

Financial

Chinese corporates commit to $266mn investment in Modon

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has attracted foreign direct investments worth US $266mn from Chinese companies based...