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July 8, 2025 mebim0

Red Sea Global (RSG) has released the findings of one of the most extensive and comprehensive terrestrial baseline surveys ever conducted by a development company. The survey helped establish a new standard for conservation-led development in the tourism industry and unveiled several significant discoveries, said the firm.

The report titled ‘Terrestrial Spatial Habitats Assessment for Biodiversity Conservation’ was published and conducted in collaboration with the Biodiversity and Genetic Resources Research Center (BIOPOLIS/CIBIO) from the University of Porto in Portugal. The survey encompassed over 120 terrestrial sites, spanning an area of more than 13,000sqkm. The sites included diverse landscapes, such as deserts, volcanic fields, wetlands, mangroves, and mountain ecosystems.

During the fieldwork, RSG’s team identified several species potentially new to science, meaning they have been identified as distinct and previously unrecorded by scientists. Among the species discovered in the fieldwork were one scorpion (Trypanothacus sp), two geckos (Hemidactylus sp and Tropiocolotes sp), and a small mammal (Gerbillus sp).

A scientific finding of this scale is highly significant, especially as biological knowledge of this region has been historically limited. Furthermore, with the discovery of these potential new species, RSG’s terrestrial team has demonstrated the ecological uniqueness and conservation value of deserts and arid environments, which are often perceived as low in biodiversity but, in reality, host specialised and highly adapted fauna, the developer stated.

“This survey marks yet another important step in our continued efforts to protect and enhance the region’s landscape and wildlife,” said John Pagano, Group CEO of Red Sea Global. “We now know exactly where these habitats are, what species they support, and what steps we need to take to protect them. By embedding this kind of scientific research into planning, we’re showing that luxury tourism and environmental preservation are not only compatible, but they can also be brought together to deliver long-term benefits for both the environment and our visitors.”

In addition to the potentially newly discovered species, the report also identified 11 local Key Biodiversity Areas (KBAs) recognised by the International Union for Conservation of Nature (IUCN) for their significant contribution to the persistence of biodiversity, either globally, regionally, or locally. These local KBAs were newly identified through this baseline survey using the IUCN’s methodology and support diversity of flora and fauna, including locally threatened species, geographically restricted species, and species found only in the Arabian Peninsula.

The broader findings of the survey serve as an ecological baseline, guiding RSG’s land-use, restoration, and conservation strategies. The baseline will also inform development decisions as destinations continue to progress. Moreover, the fieldwork supports RSG’s commitment to achieving a 30% net conservation gain by 2040. By that year, the region will have more or better-quality habitats than before development began, the developer explained.

The survey highlights the ecological significance of the Red Sea zone, the combined terrestrial area encompassing The Red Sea and AMAALA. It documented 41 locally threatened species including the Arabian Woodpecker, classed locally as critically endangered and found in the Red Sea mountains, the endangered Nubian Ibex, facing habitat loss, as well as the vulnerable Egyptian Slit-faced Bat and Bonelli’s Eagle; 88 locally geographically restricted species including several species potentially new to science, such as Hemidactylus sp. and Gerbillus sp. highlighting how little was known about this landscape; 19 species only found in the Arabian Peninsula, adding to the region’s unique biodiversity, such as the Arabian Sunbird, the Hejaz black-collared snake, and Scott’s Ground Beetle; 18 species displaying local demographic aggregations within the zone, meaning their populations in the area rely on specific sites for breeding, feeding or shelter.

Among the 11 local KBAs identified are, Al-Wajh Bank, a globally recognised Important Bird Area (IBA) that plays a crucial role in supporting populations of the Sooty Falcon and other marine birds like the Crab Plover and the Sooty Gull. It is also a major stopover for many globally and locally threatened migratory species; Upper Wadi Al Hamd, recognised as an important area for several species, such as the Arabian Wolf. Identifying this KBA gives conservationists better insights into how the species is surviving and highlights the need for habitat restoration. Additionally, as the Arabian Wolf faces ongoing threats from persecution and hunting, the KBA designation also opens the door to working more closely with local communities inhabiting the area to encourage coexistence and shift prevailing perceptions.

In total, these KBAs provide habitat for 136 species of local conservation concern. This number represents 24% of the diversity identified in the Red Sea zone, highlighting the importance of these areas for ongoing conservation efforts within the area. As a result of this fieldwork, which transformed the level of knowledge available, filling critical gaps in the scientific record, the species and habitats identified will now be better protected.

The work is said to highlight RSG’s commitment to regenerative tourism, which not only focuses on sustainability but actively contributes to the restoration and enhancement of destinations, rather than just reducing negative impacts. Additionally, it builds on RSG’s 2022 Environmental Baseline Survey, which examined the populations and habitats of species along the Red Sea coastline. The findings also support Saudi Arabia’s national environmental goals under the Saudi Green Initiative, and align with global biodiversity targets under the UN Convention on Biological Diversity.

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Source: MEConstructionNews


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July 8, 2025 mebim0

Developer MERED recently shared new buyer insights from its ICONIC Residences Design by Pininfarina project. The insights reveal shifting expectations amongst Dubai’s premium real estate buyers. The analysis, compiled from direct buyer engagements in the first half of 2025, offers a snapshot of how high-net-worth individuals (HWNI) are navigating the city’s residential market.

The report highlights several key factors influencing buyer decisions. Privacy and exclusivity are top priorities for 65% of buyers, while architectural quality is a crucial factor for 60%. Location and connectivity are important to 55% of respondents, while 50% focus on long-term investment value. Lifestyle-driven amenities and services are a priority for 45% of buyers. Notably, investors consistently seek insights into capital appreciation potential, emphasising financial performance as a core consideration, the firm explained.

In terms of layout preferences, one- and two-bedroom units are said to be in high demand. These layouts offer flexibility and are well-suited for both personal use and short-term rental strategies. Ownership intent is also becoming more diverse. A dataset shows that 45% of buyers purchase for self-use, 30% for investment, and 25% opt for a hybrid model. This reflects a growing demand for adaptable property formats that can accommodate diverse buyer needs and lifestyles.

Buyers aged between 40 and 50 from diverse professional backgrounds such as finance, private equity, trading, legal, and healthcare, still constitute the majority of the market. However, a growing number of younger buyers are entering the market from emerging sectors like technology, digital finance, and the crypto industry. These buyers bring different expectations, favoring branded residences, functional layouts, and properties that support mobility and income generation, the developer pointed out.

During their initial conversations, over 85% of buyers expressed strong interest in amenities, particularly private outdoor terraces and a mix of wellness and lifestyle features. These features include natural green spaces, an ice spa, padel courts, yoga studios, indoor cinemas, and dedicated kids’ play areas. While environmental sustainability is not yet a leading motivator, there is a significant appreciation for features that enhance quality of life, such as medical-grade air filtration and ultra-purified water systems.

Experienced investors who have purchased properties across Dubai were pleasantly surprised to find a rare offering in ICONIC Residences – it is said to be the only development featuring fully wooden-floor apartments and heated bathrooms, creating a designed micro climate that adds an extra layer of comfort to the living experience.

Michael Belton, CEO of MERED commented, “Today’s generation of investors is sophisticated and discerning, expecting timeless architecture, wellness integration, and a genuine sense of community. At MERED, we see this as an opportunity to set a new benchmark with projects that speak to ambition, identity, and the way people want to live and invest in their future.”

The analysis revealed four key motivations that consistently influence final purchase decisions: 40% of buyers are drawn to the architectural quality and design pedigree of the project. Another 30% cite long term investment value and returns as their primary driving force. A further 20% are motivated by lifestyle and the surrounding sense of community, while 10% are focused on the developer’s track record.

As Dubai continues to evolve as a global capital for investment and architecture, MERED’s latest findings underscore the emergence of a more sophisticated premium buyer who views property as an extension of their lifestyle and legacy, the developer stated.

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Source: MEConstructionNews


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July 8, 2025 mebim0

Balfour Beatty’s southeast Asian subsidiary, Gammon, has secured a US $192mn contract to build a residential development in Hong Kong. The Top Oasis consortium contracted Gammon to build the 33-storey residential tower, which will provide 792 apartments above the city’s existing MTR metro line.

During construction, Gammon will adopt Design for Manufacture and Assembly methods, fabricating individual structural steel components offsite. This approach aims to ensure the project’s safe and efficient delivery. To reduce waste, Gammon will also recycle demolition waste on-site.

Additionally, the JV will utilise an electric-powered battery storage system called Enertainer as its primary power source for construction machinery. This approach will minimise the need for diesel generators on-site and reduce carbon emissions, Gammon explained.

The project, which is already in progress, is expected to be completed later in 2025. At its peak, the project will employ 500 people. Gammon Chief Executive Kevin O’Brien expressed excitement about the deal, which was secured with the Sino Land and CSI Properties consortium.

“We look forward to sharing our expertise and experience to implement customer-focused solutions that will allow the works to continue to the highest standards of safety, while also bringing our modern and sustainable method of construction,” said O’Brien.

In June, Gammon secured two projects in Hong Kong, one involved the construction of a 25-storey college tower, while the other involved the construction of five residential towers. The projects had a combined value of  with a combined value of $865mn.

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Source: MEConstructionNews


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July 7, 2025 mebim0

The VELUX Group has signed a multi-year commercial agreement with Novelis, the aluminum rolling and recycling company, to supply recycled content aluminum. The partnership will enable the production of flat-rolled aluminum containing over 70% recycled content, which will be used to manufacture VELUX roof windows and accessories. By adopting this sustainable solution, VELUX aims to further reduce its carbon emissions.

Following an initial letter of intent between Novelis and VELUX Group, which was signed in 2022, a long-term commercial agreement has been established. This agreement solidifies their shared goal of achieving a level of 3kg CO2 eq/kg flat rolled aluminum or below by 2030.

“This agreement really demonstrates our strong commitment to reach this very ambitious goal within just five years,” says Klaus Lorentzen, Senior Vice President Products and Innovation for the VELUX Group. “It also secures the steady supply for several years of a key roof window material with a desirably low carbon footprint. With more than 70% recycled content, this Novelis aluminium is key for our efforts to decarbonise VELUX products.”

Recycling aluminium saves energy and reduces emissions by up to 95% compared to primary aluminium, making it a key enabler in advancing decarbonised solutions for building materials and construction. The aluminium alloy provided by Novelis to VELUX is specifically optimised for use in roof window production.

“This agreement with VELUX is a catalyst for transformation and we have made significant progress together in developing alloys that not only meet demanding performance standards but also support a circular economy,” says Michael Hahne, Vice President of Commercial for Novelis Europe. “At Novelis, we are proud to lead the aluminium industry in advancing high-recycled-content alloys. Partnering with strong brands like VELUX is a testament for sustainable innovation. By giving aluminium scrap new life again and again, we are working towards our 3×30 Vision by becoming the world´s lowest-emissions provider of flat-rolled aluminium.”

Novelis has been a trusted supplier to VELUX for over four decades. Since 2022, the companies have been collaborating closely to significantly reduce the carbon footprint associated with the aluminum used in VELUX products. Remarkably, more than 50% of the aluminum supplied by Novelis to VELUX has already been replaced with high-recycled content. The partners are committed to steadily increasing this percentage in the coming years.

“Aluminium is an essential material used for external protection of our roof windows and accessories and therefore also a significant contributor to our Scope 3 emissions,” adds Lorentzen. “So, the type of aluminium we use in our production must contain a high degree of recycled content to meet our decarbonisation targets. By shifting to low-carbon aluminium, we are paving the way for the next generation of VELUX roof windows and accessories.”

Aluminium, one of several key materials, is being investigated by VELUX Group with its suppliers to help reduce its products’ carbon footprint. Since over 98% of the company’s carbon footprint originates from Scope 3, value chain emissions, decarbonisation efforts necessitate effective collaboration with key suppliers.

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Source: MEConstructionNews


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July 7, 2025 mebim0

Hilton has reiterated its commitment to Saudi Arabia, stating that it is on track to operate and pipeline 100 hotels this year. The move reflects its long-term dedication to growth in the Kingdom. Hilton said it is actively introducing more of its award winning brands to the country, with 14 brands currently trading and in the pipeline. As part of its growth strategy, the company anticipates multiple new signings, aiming to add over 21,000 rooms across various locations in Saudi Arabia.

The hospitality brand’s premium economy offering, Spark by Hilton, is making its debut in the Middle East and Africa with a new signing. Since its launch in 2023, Spark by Hilton has been at the forefront of innovation, uniquely positioned to grow and scale rapidly. The brand offers a simple, inspired design, comfortable guest rooms, and a complimentary breakfast. Spark by Hilton is also conversion-friendly, providing reliable essentials and friendly service for every guest at an accessible price point, the firm company said in a statement.

Guy Hutchinson, President, Middle East & Africa, Hilton said, “Saudi Arabia is undergoing a remarkable transformation, and we are proud to be playing a leading role in it becoming a top global tourism destination. The Kingdom offers a unique blend of rich cultural heritage, natural landscapes, and modern lifestyle developments. Our diverse portfolio – spanning luxury and lifestyle, through to premium economy and midscale brands – will help broaden the appeal for today’s discerning travellers. In line with Saudi Vision 2030, our growing hotel pipeline is set to generate over 15,000 job opportunities, with a significant focus on employing Saudi nationals.”

Carlos Khneisser, Vice President, Development, Middle East & Africa, Hilton added, “We are excited about reaching 100 hotels trading and in the pipeline in Saudi Arabia, as we continue to diversify our footprint and introduce more of our global brands across both established and emerging destinations. Our continued partnership with Al Musbah Group is testament to this growth and our commitment to supporting private sector development in the Saudi tourism industry.”

“We are proud to have Al Musbah Group as part of our highly valued ownership community and to be working with them to introduce the region’s first Spark by Hilton in Makkah. With two-thirds of our pipeline in Saudi Arabia already under construction, we look forward to continuing our work with new and existing owners to deliver more hotels at all price points for guests across the kingdom,” Khneisser continued.

Spark by Hilton Makkah Aziziyah, is set to open later this year, marking its debut in the Middle East and Africa (MEA) region. The 329-guest room property will offer a variety of guest rooms, including twin-bed and triple-bed options. Located to the east of Masjid Al Haram in Makkah’s Aziziyah district, the hotel is said to be conveniently situated near the religiously significant area of Mina, a crucial site during the Hajj pilgrimage.

Pilgrims can easily access the hotel via direct train access to Arafat. The surrounding area is bustling with commercial outlets and hotels that cater to religious travelers throughout the year. Spark by Hilton Makkah Aziziyah is a project of Al Musbah Group, which is also involved in several other Hilton projects across Makkah, Madinah, and Dammam, the statement outlined.

“Spark by Hilton adds to Hilton’s growing mid-scale presence across established and up-and-coming cities in the Kingdom, complementing existing brands such as Hampton by Hilton and Hilton Garden Inn, which together account for one-third of the company’s hotel pipeline,” remarked Khneisser.

Hilton has recently made several significant signings in Saudi Arabia. These include the opening of Hampton by Hilton and Hilton Garden Inn properties in Jeddah, Jizan, and Abha, as well as at the NEOM Community site. In Makkah, Hilton has partnered with Umm Al Qura for Development and Construction Company to open the Hilton Garden Inn, 1,560 guest rooms. Additionally, Hilton has collaborated with Knowledge Economic City (KEC) to establish the region’s first Home2 Suites by Hilton in the Middle East in Madinah. This development will be accompanied by properties under the Hilton Garden Inn and Hampton by Hilton brands.

Hilton said it is also expanding its luxury presence across the Kingdom through its Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts. They have secured a multi-property agreement at The Avenues – Riyadh, the largest mixed-use development in the Kingdom, which will feature a Waldorf Astoria and a Conrad.

Additionally, Hilton is developing a Waldorf Astoria in Diriyah Gate, one of Saudi Arabia’s key giga-projects, and will be opening Madinah’s first Waldorf Astoria. Hilton has also partnered with Rua Al Madinah Holding to open three hotels in the holy city, including a luxury Conrad Hotels & Resorts property. Furthermore, they have collaborated with Dan Co, a PIF subsidiary, to establish an LXR agritourism resort in Al Ahsa.

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Source: MEConstructionNews


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July 7, 2025 mebim0

Bahrain Marina Development Company has appointed CBRE Bahrain to oversee the retail units within the project. CBRE Bahrain will develop a comprehensive leasing strategy that includes selecting the optimal mix of brands, planning the commercial area, and implementing occupancy strategies, said a statement.

Spanning a 250,000sqm area, Bahrain Marina boasts 128 retail units across high-end retail outlets, international restaurants, and renowned cafes. The project also includes luxury residential facilities, a marine club, and a five-star hotel. Bahrain Marina is one of the new waterfronts in the capital that aims to transform the shopping, tourism, and entertainment landscape.

Under the agreement, CBRE Bahrain will manage the day-to-day operations of commercial facilities and develop an innovative leasing plan. This plan will involve identifying tenant quality, creating a commercial distribution map, and ensuring a balanced mix of retail, hospitality, and complementary services. This appointment aligns with Bahrain Marina’s objective to attract global partners, ensuring a shopping and entertainment experience that enhances the project’s appeal as an integrated urban destination.

The Bahrain Marina Development Company has emphasised that the appointment of CBRE Bahrain marks a significant step towards elevating the commercial value of the project’s components, and laying the groundwork for a shopping experience in the Kingdom. Strategically located on the east coast of Manama, Bahrain Marina is a waterfront project that was developed with an investment of US $527mn.

The project will encompass retail stores featuring major brands, luxury restaurants, cafes, and a commercial complex. It also includes a yacht marina and marine club spanning 3,200sqm. The marine club will offer recreational activities and marine programs that aim to boost the tourism sector in the Kingdom, the statement explained.

The project provides a unique and distinguished accommodation experience for residents and visitors. It includes luxury freehold residential units, high-end hotel rooms, green spaces, and sports facilities. These amenities encourage an active lifestyle, enhancing the overall quality of life, the company stated.

CBRE’s global expertise will be instrumental in attracting prestigious brands and creating a shopping environment that caters to the aspirations of both visitors and residents. Through professional operational management and strategic planning, CBRE ensures the sustainability of the operation and maintains a diverse range of brands. CBRE Bahrain expressed its delight at partnering with Bahrain Marina on this significant project. It marks a pivotal moment in the real estate development landscape of the Kingdom of Bahrain.

“We will harness our global expertise to deliver an integrated operational experience that enhances the attractiveness of the project. As the designated company to manage the day-to-day operations of commercial facilities, we are committed to supporting Bahrain Marina in providing a strategic and structured approach to the management of this project. We believe this will elevate the destination to attract leading global and regional brands, enriching the commercial offering and reflecting the unique identity of the project,” said a CBRE spokesperson.

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Source: MEConstructionNews


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July 7, 2025 mebim0

Nakheel has unveiled the final phase of Bay Grove Residences on Dubai Islands, the development follows the sale of the previously released waterfront residential units. Bay Grove Residences on Island B is said to be a blend of beachside living and city life, enhancing Nakheel’s premium living destination.

This phase of the Bay Grove Residences on Island B comprises four designed buildings in a contemporary architectural style. It offers 257 urban residential units including: one-, two-, three-, and four-bedroom apartments, as well as a penthouse. The penthouse stands out as the only residence of its kind in the entire Bay Grove collection, said a statement.

Inside, the open-plan living and dining area with double height ceilings and floor-to-ceiling windows fosters a bright and airy atmosphere. The space transitions to a large terrace, ideal for entertaining, while offering 360-degree water views of openness and connection to the surroundings. Details such as custom joinery and stylish screens, add character and elegance to the residence. The primary suite features a walk-in closet, comfort with practical design, the statement outlined.

Offering access to Crystal Beach and situated near Marina Beach, each residential unit at Bay Grove Residences provides panoramic views of the Arabian Gulf. This ensures residents can enjoy a beachfront lifestyle with shoreline amenities. The development is set across a lush green podium, offering access to an infinity lap pool, a family pool, and a host of designed amenities. These include a clubhouse, fitness centre, yoga space, kids’ club, and pet wash area. The latest phase combines contemporary design with coastal living at its finest, the statement added.

Nakheel notes that residents at Bay Grove Residences can enjoy a swimmable beach and boardwalk, complemented by a community park and jogging and cycling paths. This promotes a balanced lifestyle within the location. Bay Grove Residences presents a vibrant residential ecosystem and is being created as a community with ample living spaces and a well-rounded lifestyle. It is pet-friendly and combines comfort, convenience, and connectivity, it explained.

Dubai Islands is a visionary waterfront destination that aligns with the Dubai 2040 Urban Master Plan. It features open spaces, parks, and golf courses overlooking the Arabian Gulf. The development comprises five islands covering a total area of 18.6sqm. Over 20km of beaches offer waterfront living, resorts, and cultural hubs within a short distance of Downtown Dubai, Dubai International Airport, and marine ports, the statement concluded.

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Source: MEConstructionNews


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July 4, 2025 mebim0

Fashion and lifestyle brand ELLE – owned by the French Lagardère Group – is set to make its Middle East debut with an exclusive residential project on Dubai Islands. Developed by ANAX Developments under a licensing agreement with Lagardère News (an entity of the Lagardère Group), ELLE Residences Dubai Islands will become a new architectural and cultural landmark, said a statement from ANAX Developments.

During the official signing ceremony, Satish Sanpal, Chairman of ANAX Holding, and François Coruzzi, CEO of ELLE International Licenses/Lagardère Group, announced a partnership to launch ELLE’s inaugural branded residential project in the UAE.

The project will be designed by The One Atelier, while co-creative direction will be led by ARQUINAUT, the international design studio that conceived the original ELLE Residences concept. ARQUINAUT will oversee both architecture and interiors. Their collaborative design approach will integrate ELLE’s global aesthetic with local inspiration, crafting a unique residential narrative, the statement explained.

ANAX brings local market expertise, a proven track record in luxury development, and a shared commitment to innovation and quality. The collaboration ensures that ELLE’s first branded residence in the Middle East is anchored by a partner who understands the cultural nuances and high expectations of the region’s discerning buyers. Together they will deliver a project that upholds ELLE’s global standards of style and sophistication, while resonating authentically within Dubai’s fast-evolving luxury lifestyle ecosystem, it added.

“We’re thrilled to bring ELLE’s iconic lifestyle to Dubai through our partnership for ELLE Residences on Dubai Islands,” said Sanpal. “Dubai, a city synonymous with innovation, design, and global appeal, is the perfect setting for this bold new venture. This project will be a defining expression of purposeful, joyful living that reflects the essence of ELLE.”

Constance Benqué, CEO of ELLE International and Lagardère News added, “ELLE’s legacy of innovation continues to define our journey, and with this next chapter, we’re proud to bring the brand’s style to Middle Eastern living for the first time in dynamic Dubai, one of the growing premier markets for branded residences. We’re excited to unveil ELLE Residences Dubai Islands in collaboration with our esteemed partners. Blending timeless French flair with Dubai’s bold energy, this second project marks a dynamic evolution, an immersive concept that invites residents to experience a unique and elevated place to call home. It reflects the forward-thinking lens of ELLE and delivers a refined lifestyle infused with joie de vivre.”

“With ELLE Residences Dubai Islands, we are working closely with the brand to craft a concept that channels ELLE’s Parisian sensibility through the lens of Dubai’s dynamic lifestyle,” commented Michele Galli, CEO of The One Atelier. “This is a rare opportunity to create a project that resonates emotionally and culturally with a global audience.”

Residents can expect curated interiors, exceptional wellness facilities, social and dining spaces, and a blend of fashion and functional design. Nestled on the Dubai Islands, this project offers prime beachfront access, cultural and retail hubs, and views of Dubai’s skyline. ELLE Residences Dubai Islands stands as the latest iteration of ELLE’s expanding lifestyle portfolio. More details, including sales timelines and unit configurations, will be unveiled in the coming months.

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Source: MEConstructionNews


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July 4, 2025 mebim0

Emirates Stallions Group (ESG) has announced the establishment of Royal Development Holding (RDH). The boutique real estate developer envisions transforming spaces and elevating lives.

In its launch phase RDH merges a group of specialised real estate development entities, including Royal Development Company (RDC) and Royal Architect Project Management (RAPM). The move paves the way for the introduction of new companies, further enhancing its market presence and capabilities.

Royal Development Company’s 15 years of experience mark the beginning of a new era for the group with the launch of RDH. The expansion allows RDH to enhance its presence in the real estate industry by acquiring boutique real estate development capabilities. By integrating ESG, Royal Development Holding offers comprehensive, end-to-end solutions that elevate living experiences and support its long-term growth strategy.

Tariq Nazzal, General Manager of Royal Development Holding commented, “At Royal Development Holding, we continuously enhance our performance and expand our activities by listing several of the Group’s real estate development and project management companies under Royal Development Holding. This is in line with our vision of constant growth and transformation. By integrating innovation, sustainability, and creative design, we will be crafting truly transformational projects that redefine modern living and elevate lifestyles.”

Kayed Ali Khorma, CEO of ESG added, “Our subsidiary Royal Development Company has been the trusted force behind managing over 60 iconic projects in more than 15 countries across the globe enriching our expertise in the real estate sector. We are now evolving the Royal Development name and scope of work by launching Royal Development Holding, a visionary boutique developer that will build lifestyle-driven communities to nurture growth, transform the everyday experience, and shape the future of living.”

In today’s competitive real estate market, developers are striving to create integrated, intelligent, and inspiring communities that adapt to society’s evolving needs. RDH emerges as a forward-thinking boutique developer, demonstrating a strong commitment to shaping ecosystems that combine functionality, well-being, and sustainability. Their developments will contribute to the future of intelligent and connected living.

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Source: MEConstructionNews


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July 4, 2025 mebim0

Cox and AMEA Power have collaborated to establish a joint venture (JV) that aims to develop, execute, and manage strategic water and energy infrastructure projects across the Middle East, Africa, and Asia.

The partnership is built on the existing relationship between Cox and AMEA Power. As an anchor shareholder, AMEA Power holds a 3.76% stake in Cox, acquired during Cox’s initial public offering. This long-term investment serves as strategic support for Cox’s growth and development plans.

Enrique Riquelme, Executive Chairman of Cox said, “This JV represents a critical step in Cox’s growth strategy, emerging from an integrated vision that combines water and energy solutions to tackle the most pressing challenges and meet the demands of markets in the Middle East and Africa. Through this partnership, we aim to develop projects where access to water and energy complement each other, creating new opportunities where both are essential for the sustainable development of communities.”

Hussain Al Nowais, Chairman of AMEA Power added, “We are proud to partner with Cox in establishing this JV, a strategic alliance that brings together AMEA Power’s expertise in renewable energy and Cox’s leadership in water solutions. This partnership underscores our shared commitment to sustainable development and improving access to essential resources across Africa, the Middle East and Asia. It also reflects our continued support for Cox’s growth and sustainability initiatives in these key regions.”

The JV brings together Cox’s experience and global market positioning with AMEA Power’s leadership in the energy sector, forming an alliance to develop integrated infrastructure projects, where water and energy access are deeply intertwined. By combining their technical, operational, and financial capabilities, both companies aim to address critical resource challenges in regions experiencing rapid demand growth.

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Source: MEConstructionNews