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RESIDENTIAL, HOSPITALITY DISTRIC
Sobha in deal to develop mega coastal city project in UAQ
Sobha Realty is set to develop a landmark coastal city project, Downtown UAQ, in the northern emirate of Umm Al Quwain. Spanning 25 million sq ft, it will feature luxury residential, retail and hospitality districts that will house 150,000 residents.
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SAFE SYSTEM FOR eVTOL AIRCRAFTS
Archer secures design approval for UAE’s first hybrid heliport
Archer Aviation, a US-based designer and developer of aircraft and related technologies, has announced that it has won the design approval from General Civil Aviation Agency for UAE's first hybrid heliport for both helicopter and eVTOL aircrafts.
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TRADE & INVESTMENT FOCUS
Dubai joins South Africa, Europe to launch global AI hub
Dubai Future Foundation (DFF), through the Dubai Centre for Artificial Intelligence (DCAI), has partnered with the South African Artificial Intelligence Association (SAAIA) to help launch a dedicated AI trade & investment hub.
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ANALYSIS
$22bn on table - Are GCC utilities ready to seize the opportunity?
The GCC utilities sector has the potential to cut operational costs by 30% through a mix of short-term tactical actions and key changes to how utilities operate, said a report. This can generate $22 billion in savings over the next decade, said a report.
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SPOTLIGHT
Cyber resilience: challenges and opportunities
Technological advancements, international collaboration, and workforce transformation are key to ensuring global cyber resilience and a secure cyberspace, according to the latest insights report published by the Global Cybersecurity Forum (GCF).
Top Trade News
 | Industry Sectors |
Parsons secures King Salman Park PMO services contract
Parsons Corp has announced that it has been awarded a two-year contract to provide project management office services for King Salman Park, an urban transformation project in Saudi Arabia featuring 11.6 sq km green space and over 10 sq km built-up area.
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Saudi retail real estate sector undergoing key transformation
Saudi retail real estate sector is undergoing a major transformation, driven by the country's Vision 2030 initiative. With Riyadh, Jeddah and other key cities seeing a surge in retail developments, the 2025-26 outlook remains optimistic, said a report.
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L&T emerges lowest bidder for 400kV Kuwait solar project
India's leading construction and engineering conglomerate Larsen & Toubro (L&T) has emerged as the lowest bidder for the Al Shaqaya Solar Power Generation Station 400 kV Overhead Transmission Line (OHTL) project being developed in Kuwait.
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GCC fixed income market sees $51.5bn in primary issuances in Q1
The primary debt issuances of bonds and sukuk in the GCC countries amounted to $51.51 billion through 125 issuances during the first quarter of 2025, down 7.1% over last year, where issuances in Q1 2024 stood at $55.5 billion, said a report.
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MENA 'partially shielded, but not immune to tariffs impact'
The Middle East and North Africa (MENA) region has been partially shielded from the latest wave of global tariffs introduced by US President Donald Trump, according to an expert.
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AKI opens new fulfilment centre in Dubai Industrial City
Al Khayyat Investments (AKI) has opened its state-of-the-art Fulfilment & Innovation Centre in Dubai Industrial City, that will serve as a cornerstone for the company’s continued regional expansion.
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ATM is set to welcome over 55,000 attendees next week
ATM 2025, the largest edition to date, will feature over 2,800 exhibiting companies, with 55,000 attendees from 161 countries, and has seen a 12% year-on-year increase in exhibitor participation, spanning 14 halls.
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Bridging AI talent gap key to unlocking GCC retail's future: Al Futtaim
A new white paper, released by Al Futtaim, in collaboration with MBZUAI, reveals that a lack of skilled artificial intelligence (AI) professionals is the biggest hurdle to unlocking the potential of AI-driven personalisation in GCC retail sector.
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Azizi launches $20bn Milan 'style' master-planned community
Azizi Developments has unveiled its new AED75 billion ($20 billion) master-planned community, Azizi Milan, in Dubai. Spanning a 40 million sqft GFA, the mixed-use project will boast residential projects, luxury hotels, retail districts and office spaces.
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Al Ahlia wins contract to build largest Merc-Benz facility in Kuwait
Al Ahlia Contracting Group (ACG) has secured a major contract from Kuwait-based Al Mulla Group for the construction of a hi-tech facility for Mercedes-Benz. Being set up on a 55,000 sqm build-up area, it will be largest such facility in the Middle East.
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Strategic deal to advance precision medicine in Abu Dhabi
The Department of Health - Abu Dhabi (DoH) has signed a landmark MoU with leading organisations to establish a collaborative framework that will shape the future of healthcare through precision medicine and advanced therapies.
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Top flooring expo Domotex Middle East 2025 opens in Dubai
Domotex Middle East 2025, a premier trade platform for the global flooring industry, opened its doors in Dubai bringing together 100 international exhibitors as well as top architects, interior designers, contractors, and government stakeholders.
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AWS, Manara join hands to develop cloud talent across MENA
Amazon Web Services (AWS) has announced its collaboration with Manara, the social impact technology talent startup, for launching an ambitious initiative aimed at training 2,500 software engineers across the region on cloud skills.
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Global project management experts set for major Saudi forum
Leading project management experts and industry leaders will be in Riyadh next month for the Global Project Management Forum 2025, where they will explore how emerging tech and agile practices are reshaping the future of project delivery across sectors.
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