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Nakheel’s AED 670 mn JV Resort Begins Taking Shape

Dubai-based developer Nakheel and Spain's RIU Hotels and Resorts have revealed that their AED 670 mn beachfront resort on Deira Islands started taking shape, with all accommodation floors pretty much done and roofing work underway

Emaar Kicks Off Business Development Operations in China

Dubai-based property developer Emaar announced on December 11 the launch of its business development operations in China during the Chinese President Xi Jinping's visit to the UAE.

Saudi PIF Launches New Project to Boost Sustainable Tourism

Saudi Arabia's Public Investment Fund (PIF) has announced the launch of a new sustainable tourism project called "Wadi Al Disah Development Project," on the southwest of Tabuk city in the Saudi kingdom

UAE’s Azizi Aliyah Residences in Final Construction Phase

UAE-based Azizi Developments, a subsidiary of Azizi Group, has announced that construction at its forthcoming AED 470 mn project in Dubai Healthcare City, Azizi Aliyah Residences, is almost done with concluding the mobilization and structure phases

ADFD Invests USD 140 mn to Develop High-Speed Moroccan Rail Project

Abu Dhabi Fund for Development (ADFD) has bolstered the development of a major high-speed rail network in Morocco that connects the major cities of Tangier and Casablanca with investments worth USD 140 mn

UAE’s Rotana Sets Foot in Zambia With Five-Star Hotel Agreement

Abu Dhabi's hotel group Rotana has unveiled plans to bolster its Africa portfolio with the signing of a new agreement with Grandview Hotels and Resorts for the management of a five-star hotel in the Republic of Zambia

Emaar Properties Posts 30% Growth in Revenues in 9M

Dubai-based Emaar Properties posted revenues of AED 17.4 bn in the first nine months of 2018, which is 30% higher than the revenue of AED 13.4 bn logged in the year-ago period

MENA Deal Value Hike 105% in Q3 2018: EY

Consultancy firm EY said in its latest report that the value of merger and acquisition (M&A) deals with disclosed value in the MENA region surged by 105% YoY to USD 10 bn in Q3 of 2018 from USD 4.9 bn in the year-ago period, despite the number of deals has dropped 3% from 110 deals in Q3 2017 to 107 deals this year

Omran, Majid Al Futtaim Lays Foundation Stone for Muscat’s “City for the Future”

Oman Tourism Development Company (Omran), the tourism arm of Oman's government, and UAE's retail giant Majid Al Futtaim hosted a ceremony on November 14 to lay the foundation stone for Madinat Al Irfan, Muscat’s new "City for the Future"

Dubai is Set to Become “Global Yachting Capital”

Dubai-based conglomerate Meraas, in partnership with global investment company Dubai Holding, signed an agreement with D-Marin, operator of the largest chain of marinas in the Eastern Mediterranean, to establish Dubai as a global capital for luxury yacht marinas

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