Dubai retains number one position for attracting FDI

Dubai retained its No. 1 spot globally for attracting greenfield FDI projects in 2022, further reinforcing its position as the world’s top...

Property

Abdullah Al Othaim Investment Company reveals a $1.8bn ‘treasure’ in Riyadh

Saudi-based Abdullah Al Othaim Investment Company has unveiled its Konoz (Box of Treasures) project - a US $1.86bn development in Riyadh, which...

Financial

PIF invests $1.3bn in Saudi construction firms

Saudi sovereign wealth fund PIF (Public Investment Fund) has announced investments worth US $1.3bn in four leading local construction companies, via subscribing...

Financial

PIF raises US $5.5bn with second green bond

Saudi Arabia’s Public Investment Fund (PIF) has completed its second green bond issuance, which raised US $5.5bn to finance or refinance its...

Financial

Global Partners successfully closes $212mn build-to-rent property fund

Global Partners Limited, a DFSA regulated institutional fund manager specialising in alternative investments, has successfully closed Global Partners Property Fund I (CEIC)...

Construction

PIF subsidiary SEVEN to invest $13.3bn into 21 integrated entertainment destinations in KSA

Saudi Entertainment Ventures (SEVEN) has unveiled plans to invest US $13.3bn into the development of 21 integrated entertainment destinations. The projects are...

Financial

Real estate fintech start-up Stake raises $8mn

In a pre-series ‘A funding’ round, Dubai-based start-up Stake has successfully raised $8mn. This is said to be the largest capital raised...

Financial

Apollo acquires $400mn stake in Aldar Investment Properties

Following completion of a $400mn transaction, Apollo, through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties...

Property

Emaar buys out Dubai Holding stake in Dubai Creek Harbour for $2.04bn

Developer Emaar Properties has announced that it will fully acquire the Dubai Creek Harbour development from Dubai Holding for $2.04bn. The announcement...