Economic, investment and services activity within GCC expanded by 2024-end with the intra-GCC trade surging to $146 billion in 2024, according to a report. The real estate ownership cases by GCC citizens in other member states reached 17,900 in 2024. ...
Global City Dammam, a major tourism, entertainment, and cultural investment, was inaugurated by Saudi Arabia’s Eastern Region Governor, Prince Saud bin Naif bin Abdulaziz. Featuring international pavilions across 650,000 sqm, it supports private-sector growth, boosts competitiveness, attracts global investors, creates jobs, and is expected to welcome 25,000 visitors daily....
KKR, a leading global investment firm, has announced a strategic infrastructure financing transaction with Acwa Power, a global utility major. As part of the deal, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility in the Makkah region....
Cityscape Global, opening in Riyadh today, will reaffirm Saudi Arabia’s position as the leading destination for real estate investment by uniting global developers, institutional investors, and asset managers to drive the next generation of premium residential and hospitality projects. ...
Oman's Public Establishment for Industrial Estates (Madayn) has announced that it has achieved remarkable growth across all performance indicators in the first half with its total cumulative investment volume surging to nearly RO7.8 billion ($20.2 billion), up 2% over last year....
IHC, the Abu Dhabi headquartered global investment company focused on building dynamic value networks, on Thursday reaffirmed that it does not intend to pursue the sale of its shareholding in Aldar Properties....
Merak Capital, a Saudi-based investment firm focused on opportunities across multiple industries, has announced a SAR100 million ($26.7 million) strategic investment in Arsann, the kingdom’s leading operator of smart parking and mobility infrastructure. ...
In a major move, Dubai Land Department (DLD) has sealed a strategic collaboration with Google Cloud in bid to help transform artificial intelligence (AI) from a supportive tool into a driving force for investment decision-making. ...
