Construction & Real Estate

Top firms in deal to invest in KAEC tourism, lifestyle projects

K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed an MoU with Saudi Arabia’s Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC). ...

Construction & Real Estate

SKH Family Office buys Rotana's RAK resort from Orascom

SKH Family Office, registered with the Dubai International Financial Centre (DIFC), said it has completed the acquisition of The Cove Rotana Resort in Ras Al Khaimah from Orascom Development Holding, following the fulfilment of all contractual, financial, and regulatory requirements. ...

Construction & Real Estate

Global City Dammam opens as premier investment, tourism destination

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....

Construction & Real Estate

Dar Global, Art District unveil $4.2bn new coastal destination in Oman

Dar Global has partnered with Art District Real Estate for the development of its new coastal destination - Muscat Marine, Art & Digital District (MAD) - being set up in Oman. The RO1.6 billion ($4.2 billion) project integrates oceanfront living, luxury hospitality and future-focused digital industries. ...

Construction & Real Estate

Asfar plans Al Baha, Yanbu projects under new phase of investments

The Saudi Tourism Investment Company (Asfar), a Public Investment Fund (PIF) company, has announced a new phase of its strategic tourism investments through promising tourism development projects in Al Baha and Yanbu. ...

Construction & Real Estate

Maldives unveils sustainable townships plan a foundation of diversified economy

The Maldives is moving to expand its tourism model to create a new category of sustainable townships, designed for large-scale, integrated developments that combine hospitality, residential real estate, health, education, and renewable energy infrastructure....