Tourism Projects Company (Shams), listed in the Saudi market, announced the launch of its first hotel projects in Riyadh, by signing a lease investment contract with Elite Mallacca Hotel, under which it rents a 17-storey hotel in Riyadh (Al-Sahafa neighborhood), and operates it, according to a statement by the company on Tadawul.The company explained that the total value of the contract is 31.1 million riyals, including the value-added tax, for a period of ten years, with a gradual increase in the annual rental value, as the value of the annual rent is 2.8 million riyals for the first and second years, then 3 million riyals from the third to fifth rental year, and then 3.3 million riyals from the sixth rental year until the end of the contract period.She stated that the period starts from…

The CEO of the Egyptian General Authority for Investment and Free Zones (GAFI), Dr. Mohamed Awad, said that the number of investment zones established since the issuance of the Investment Law No. 72 of 2017 amounted to 21 investment zones, of which 12 are currently operating, while 9 other areas are still under construction.In an interview with Al Arabiya Business, Awad explained that the volume of investments in the investment areas operating amounted to about 1.2 billion dollars (66.5 billion pounds), pointing out that the occupancy rates are close to 90%.He added that the high occupancy rates reflect the demand for this investment model, which pushes the Authority to expand it and encourage investors to benefit from it.

Bloomberg reported that Dubai Investments Company in the UAE plans to hold meetings with investors during this week to measure the level of demand in a move that paves the way for the launch of a potential share of 24% of its subsidiary to develop the Dubai Investment Park.Dubai Investment Park is one of the largest mixed-use projects in the emirate, spanning an area of 23 million square meters and has been home to warehouses, commercial facilities, hotels, schools and medical centers since its inception in 1997.Citigroup, Emirates NBD Capital and HSBC are working on the deal, according to previous reports, while the company has not yet announced final details on the size of the offer or the date of its implementation.

Wadi Bani Khalid: The Wadi Bani Khalid–Aqaba road project in North Sharqiyah has reached 98% completion, with the 9km route costing more than RO13mn, according to the Ministry of Transport, Communications and Information Technology. The road starts in Manakh, near Wadi Bani Khalid Police Station, and ends at Muzayri village in the centre of the wilayat. It is expected to improve mobility, enhance traffic safety and support tourism and economic activity. Abdulaziz bin Fahd Al Nusairi, Director of the Roads Department in North Sharqiyah, said that the project was an important development for residents and visitors. He described it as an alternative route for Wadi Bani Khalid that would strengthen logistical and economic links, facilitate travel for residents and school buses, and…

Saudi Arabia is advancing public-private partnership (PPP) projects across its airports, railways, ports and road transport networks, with the Abha airport project at an advanced stage of the award process, Deputy Minister of Transport and Logistics Services Rumaih Al-Rumaih said. Speaking during a panel discussion at the 25th World Energy Congress 2026 in Riyadh, Al-Rumaih said airport projects at Taif , Qassim and Abha were among the initiatives being developed to attract private investment, according to a report by Akhbaar 24 posted on Tuesday. The New Abha International Airport project in southwestern Aseer province is structured as a 30-year Build-Transfer-Operate (BTO) concession. Bidders in race for the project include consortium of Saudi Arabia’s MADA Holding and…

Moroccan construction company Jet Contractors has secured a 437.575 million Moroccan dirham ($44.5 million) contract to build five railway stations along the Benguerir–Marrakech corridor as part of the Kenitra–Marrakech high-speed rail project. The contract, awarded by Morocco's National Railway Office (ONCF), covers one high-speed rail (LGV) station and four regional express rail (RER) stations, local news website Rue20 reported. It said the company was previously awarded five stations on the Kenitra–Marrakech line. These contracts form part of ONCF's wider programme to expand and modernise Morocco's railway network ahead of the 2030 FIFA World Cup.

Iraq's economic slowdown is expected to affect government spending, although strategic projects will be exempt, Prime Minister's Financial Adviser Mudher Mohammed Saleh told Zawya Projects. Saleh said the slowdown posed challenges beyond weaker economic growth and commercial activity, affecting investment, employment opportunities and confidence in the economy. He said Iraq faced an estimated monthly financial gap of $9.5 billion due to declining oil exports. Against this backdrop, Saleh proposed a five-year national strategy to develop Iraq's capital market and mobilise domestic savings for investment in productive sectors. He said the Iraqi Securities Commission could play a key role in strengthening market infrastructure, improving transparency, protecting investors and encouraging…

Through their joint venture, Turf, the real estate arm of Yas Holding Group, and Steppe Capital, have signed an agreement with Marriott International to launch the JW Marriott Residences Abu Dhabi, Yas Island, in the first JW Marriott residential project in Abu Dhabi.The project is located on the beach of Yas Island and next to a golf course. Its location provides access to the island's facilities, including Yas Marina, Yas Mall and Yas Marina Circuit. Yas Island is about a 15-minute drive from Zayed International Airport and about 30 minutes from central Abu Dhabi, according to the statement.The project includes facilities for residents, including a lounge, a fitness centre, sauna facilities, treatment and relaxation rooms, as well as meeting rooms, a golf simulator, a game room, a…

Dubai-based Zoya Developments has started construction of the Elinor by Zoya project in Dubai South, worth about $28.3 million (AED 104 million), with delivery targeted for the third quarter of 2028.The company said the start of construction came less than two months after the launch of the project, which sold its units in less than two weeks, in exclusive partnership with First Prime Properties.The project includes 102 fully furnished apartments, spread over 48 studios and 54 two-bedroom apartments. Its facilities include an infinity pool, a gym, a rooftop lounge, a children’s play area and an electric car charging station.According to Zoya, the total value of its project portfolio in Dubai amounted to about $326.8 million (1.2 billion dirhams) within two years of entering the…

The Kingdom of Bahrain is preparing to host the fifth edition of Cityscape Bahrain, the largest real estate event in the Kingdom, from 24 to 28 November 2026 at the Bahrain International Exhibition Centre, organized by the “inD” group specialized in organizing major exhibitions and events, with the support of the Real Estate Regulatory Authority.The exhibition brings together investors and researchers for distinctive real estate opportunities in a platform that allows direct communication with developers, and the identification of a wide range of promising projects and opportunities across Bahrain, in line with the latest trends in the real estate sector.    The 2026 edition highlights investment and real estate opportunities under the theme “Invest with…

Lidar Investment Company will participate in the "Al Madina Bildex 2026" exhibition, which specializes in the sectors of real estate, construction, industry, infrastructure and logistics, to be held at the King Salman International Convention Center in Medina, during the period from 15 to 17 October 2026, with the participation of a number of national, regional and international companies, where the company will review its residential project "Dar Al-Makmen", one of its quality projects in Medina.Through its participation in the NHC Pavilion, Lidar Investments highlights the Dar Al-Makmeen project, which is located within the boundaries of the Haram in Medina, near the Prophet’s Mosque. The project includes 742 housing units on a land area of 192,291.28 square meters, and is…

A number of officials and experts in the sectors of investment, development, tourism and hospitality stressed that the success of tourist destinations begins with understanding the identity of the place, its cultural specificity and the needs of its local community, and transforming these elements into exceptional experiences that attract visitors and create economic and investment opportunities for the population. They pointed out that the increasing competition in the tourism sector globally requires destinations to keep pace with the transformations in the concept of hospitality and luxury, while preserving heritage and natural resources.This came during a panel discussion entitled "Building Destinations: Creating the Place and Establishing Identity", as part of the ninth edition of…