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In the news this week
In Oman, Al Mouj Muscat awarded phase two of the Al Mouj Business Park to
Oman Shapoorji Company. Completion is scheduled for 2026. Phase two of the
business park comprises three office buildings, each with controlled-access
basement parking, rooftop gardens, and extensive landscaped outdoor spaces.
In UAE, Omniyat Group launched Beyond, a pioneering development company focused on the wider luxury real estate market. As part of this bold initiative, OMNIYAT GROUP has unveiled an extraordinary 11 million square feet strategic project on the Jumeirah coastline, of which 8 million square feet will be dedicated to BEYOND.
Dubai South Properties has announced the appointment of Al Turath Al Aseel Contracting for a US$40.8 Mn contract to construct South Living Tower, a luxury apartment development in The Residential District in Dubai South. The project, expected to be completed by Q1 2027, will feature 209 units, including studios, 1-, 2-, and 3-bedroom apartments.
Taraf, the real estate division of UAE-headquartered investment holding group Yas Holding, and Marriott International, Inc. announced a landmark project, W Residences Abu Dhabi – Al Maryah Island. The project’s design will add to Abu Dhabi’s iconic skyline and feature cutting-edge interiors, world-class amenities, and the signature W Hotels Whatever/Whenever(c) concierge service, providing residence owners with their personal oasis to retreat, relax, and feel energized.
Amaal, a real estate developer powered by Ayana Holding, officially broke ground on its much-anticipated debut development project, Amaal 8, within the Meydan Horizon community. This 48-level mixed-use residential tower will feature a rich array of amenities, including fitness centers, swimming pools, children’s play areas, beautifully landscaped gardens, retail
outlets, entertainment, and dining options.
Egypt’s Mountain View for Real Estate Development and Investment has launched “Mountain View KSA,” in Saudi Arabia marking first step in its regional expansion plans. The company has partnered with Maya Real Estate Development and Investment Company and Al Saedan Real Estate Company to acquire its first plot of land in Riyadh.
UAE-based renewable energy developer AMEA Power is set to build a 1GW solar PV project in Aswan Governorate of Egypt with a 600MWh battery energy storage system (BESS). AMEA will also expand its 500MW Abydos solar PV power plant, currently under construction, by adding a 300MWh utility-scale BESS. The developer will invest around US$800 million in the two latest announced renewable energy projects.
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