The MoU between Diriyah Company and HPE is intended to improve the efficiency of ongoing tourism, cultural, and heritage projects in Diriyah Diriyah Company and Hewlett Packard Enterprise (HPE) have signed a strategic Memorandum of Understanding (MoU)  to enable collaboration between the two parties and leverage HPE’s expertise in Information Technology to facilitate data exchange and network technology integration. This collaboration will help transform Diriyah into a leading global tourism destination by harnessing advanced technologies that promote sustainability and contribute to deve ..read more

The partnership emphasizes Daikin’s expansion in the Middle East region Daikin Middle East and Africa FZE (“Daikin”), a leading manufacturer of Air Conditioning, Heating,  Ventilation, & Refrigeration solutions proudly announces its partnership with Almoayyed  Contracting Group, a powerhouse in Bahrain’s business landscape, as its new distributor in the Kingdom  of Bahrain. This strategic alliance underscores the company’s commitment to expanding its presence in the  Middle East and aligns with its overarching goal of bringing innovative HVAC solutions closer to custome ..read more

Amit Arora heads Arada’s new hospitality division, formerly from Erth Abu Dhabi Arada has taken a significant step in its growth strategy by consolidating its lifestyle assets into a distinct division. This move, led by new leadership, marks a pivotal moment as the master developer expands beyond its core residential business. The newly formed Hospitality and Entertainment division encompasses a variety of thriving sectors, including Wellness, Hospitality, the company’s F&B operations, and Events. The new division is headed up by Amit Arora, the new Chief Operating Officer ..read more

Under this agreement, Emaar, The Economic City and Aramex will implement cutting-edge, sustainable logistics solutions to minimise environmental impact and improve operational efficiency Emaar, The Economic City, the master-developer of King Abdullah Economic City (KAEC), has signed an agreement with Aramex, a leading global provider of comprehensive logistics and transportation solutions, to implement sustainable and value-added logistics solutions in KAEC to minimise environmental impact and enhance operational efficiency. The agreement was signed by Sami Al-Najrani, Chief Operating Officer ..read more

Brookfield’s acquisition marks a step into the logistics sector in the Middle East region Brookfield Asset Management, through one of its private real estate  funds, today announced that it has acquired a controlling stake in Gulf Islamic Investments’ logistics  real estate platform. The portfolio, comprising 1.5M sq. ft. of high quality warehouses in the UAE, marks the company’s foray into the logistics sector in the region. The firm plans to invest and scale the platform overtime through the acquisition and development of high-quality logistics real estate  assets.   ..read more

ACCIONA’s first series of these events at the Spanish Embassy in Riyadh highlights the solution for water sustainability in the Kingdom: reverse osmosis desalination ACCIONA, a global company and a leader in the provision of regenerative solutions for a decarbonized economy, held its first panel discussion in its series of Talks designed to promote regenerative and sustainable solutions in the Kingdom of Saudi Arabia.  The event took place at the Spanish Embassy in Riyadh last Sunday 28th of April and brought together a range of leading figures from across the water field, government, and ..read more

Rental rates in Dubai saw an average increase of 7% across the city Dubai’s real estate market has seen exponential growth over the first quarter of 2024, driven by the increase in expatriate population, real estate investor policy changes to the Golden Visa, and a strong performance in non-oil sectors. Global real estate services provider Savills released the Dubai Residential Market – Q1 2024 report, which revealed a record-breaking first quarter in 2024. Andrew Cummings, Head of Residential Agency at Savills Middle East, said, “Dubai’s residential real estate market has continued an upward ..read more

Inhabitr expands in the Middle East and collaborate with Alsulaiman Group Inhabitr, the first AI-powered commercial real estate furnishing platform, is excited to announce its expansion into the Middle East, marked by the opening of new office and design studios in Saudi Arabia. Inhabitr’s partnership with Alsulaiman Group, a prominent Saudi-based conglomerate, will further enhance its ability to provide last-mile delivery and installation services across the region. Leveraging AI trained specifically for furniture, fixtures, and equipment (FF&E), Inhabitr offers a single solution that enc ..read more

ROSHN Group tapped by the Ministry of Economy and Planning to promote sustainability best practices in the Kingdom’s real estate sector ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has become one of the first ‘Saudi Sustainability Champions’ after signing a high-level pledge at the World Economic Forum. The initiative, which is led by the Ministry of Economy and Planning, aims to accelerate the Kingdom’s business sector adoption of sustainability best practices through the selection of sustainability champions who, in turn, will act as a cataly ..read more

Making a mark, Rua Al Madinah debuts Conrad Hotels Rua Al Madinah Holding has partnered with Hilton to open three hotels for the Rua Al Madinah project. The hotels, including Conrad Rua Al Madinah, DoubleTree by Hilton Rua Al Madinah, and Hilton Garden Inn Rua Al Madinah, will offer ‘over 1,600 keys.’ Located east of the Prophet’s Mosque, Rua Al Madinah aims to create a modern urban environment that conforms with the religious and cultural significance of the holy city of Madinah. The partnership between Rua Al Madinah Holding and Hilton is not just a significant milestone for the Ru ..read more