AMEA Power has announced the commissioning of its 500MW Abydos Solar PV Plant in Egypt. Located in the Aswan Governorate, the project underscores the commitment to accelerating the global transition to clean energy and is said to be one of the largest solar PV plants in Africa. AMEA Power also signed a Power Purchase Agreement and Land Agreement for an additional 500MW Wind Project in Egypt.

The Abydos Solar PV Plant will generate approximately 1,500GWh of clean energy annually, enough to power approximately 300,000 households, while offsetting 782,300t of CO2 emissions. Completed in 18 months, it demonstrates AMEA Power’s technical and efficient project execution. More than 3,000 personnel on site contributed to the solar plant’s construction, highlighting the focus on job creation and local collaboration. The project was financed by the International Finance Corporation (IFC), Dutch Entrepreneurial Development Bank (FMO), and Japan International Cooperation Agency (JICA), said a statement.

Hussain Al Nowais, Chairman of AMEA Power said: “I am proud to announce that the 500MW Abydos Solar PV Plant is now fully operational – a landmark achievement that highlights the dedication of our team, the strength of collaboration, and the importance of empowering local communities. This milestone demonstrates AMEA Power’s technical excellence and sets a new standard for renewable energy projects. The solar power plant is a significant step in Egypt’s renewable energy strategy, supporting the goal of achieving 42% of energy generation from renewables by 2030. Together, we are driving progress toward a sustainable future.”

In September 2024, AMEA Power was awarded two projects in Egypt. The first, a 1,000MW solar PV with a 600MWh battery energy storage system (BESS). The second, a 300MWh BESS, which is an extension of the company’s existing 500MW Abydos solar PV plant. The project will pioneer the first-ever use of a utility-scale BESS solution in Egypt.

AMEA Power remains committed to community development. In collaboration with local stakeholders, the company has undertaken key initiatives in Aswan Governorate, including: renovating and equipping the Al Fares health unit to enhance local healthcare services. Providing technical training sessions for youth at the project site and creating employment opportunities during construction and renovating the Al Azhar Girls’ Institute to support education in the community.

Furthermore, the 500MW Amunet Wind Farm, located in Ras Ghareb, is currently under construction and is expected to be operational in the first quarter of 2025. These initiatives reflect AMEA Power’s dedication to fostering sustainable development and empowering local communities as an integral part of its operations, the statement noted.

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Wasl has said that units in its Al Diyafah Residences residential project are ready for leasing. The project comprises 126 apartments, 40 townhouses and four retail shops with adequate parking facilities located centrally in Dubai at Al Bada’a neighbourhood, adjacent to Jumeirah Rotana Hotel and behind Al Ghazal Mall.

The project was designed to meet the diverse needs of residents and features modern amenities including a swimming pool and gym. It offers convenience, accessibility, comfort, and community living, making it an ideal choice for those seeking quality residential and retail spaces in one of Dubai’s most sought-after areas, said a statement.

It is designed to foster a sense of community with landscaped areas and communal spaces, creating a welcoming environment for residents, it added.

With a mix of apartments and villas, public transportation, hypermarkets, health centers, and Al Wasl Park, Al Badaa is a sought-after address. Units include one- and two-bedroom apartments; the project also offers contemporary three-bedroom villas which are designed to cater to modern living needs.

Al Bada’a neighborhood is nestled between Al Satwa and Jumeirah 1. Its location offers access to landmarks like the Etihad Museum and Jumeirah Mosque. Residents benefit from a variety of nearby facilities, including schools, restaurants, and leisure spots, as well as easy access to City Walk Dubai and Sheikh Zayed Road.

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Meraas has announced the launch of the latest phase of its premium residential gated community, Nad Al Sheba Gardens. The new phase introduces a range of meticulously crafted homes, including three-bedroom townhouses and villas with four, five, six, and seven bedroom options.

These residences are tailored to provide a blend of privacy and elegance, making them a strong choice for residents looking for a luxurious lifestyle combined with a serene, nature-filled environment, said a statement.

The community will offer sweeping views of green landscapes and a swimmable lagoon, while the collection of townhouses and villas are to feature open layouts and elevated, double-height ceilings.

The Nad Al Sheba Gardens community will also offer a range of amenities for leisure, fitness and relaxation. Walkable roads, cycling, and running tracks, children’s play areas will be coupled with a multi-sport court, wave pool, yoga lawn and community farm which will add to the community’s wholesome, holistic tone, it added.

All the residences will feature contemporary designs with clean lines and natural materials, creating spacious, light-filled interiors. Signature architectural details, such as stone accents, honeycomb tones, and panoramic windows, merge luxury and functionality.

There will also be a wide variety of retail options, with food and beverage outlets, a nursery, and health and fitness amenities. Waitrose, the renowned premium British supermarket brand licensed by Spinneys in the UAE, will be the anchor store.

Nad Al Sheba Gardens offers close proximity to Meydan Racetrack, while the host of key leisure destinations in the Downtown neighbourhood are only ten minutes away, the statement concluded.

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AD Ports Group has appointed Hassan Allam Construction to build the infrastructure of Noatum Ports – Safaga Terminal on Egypt’s Red Sea coast, which will be the first internationally operated port terminal in the Upper Egypt region.

The terminal will have an area of 810,000sqm and feature a 450,000 TEU container capacity, five million tonnes of dry bulk and general cargo capacity, one million tonnes liquid bulk capacity, Ro-Ro facilities with 50,000 CEUs capacity, as well as common areas. The facilities will include administration buildings, workshops, warehouses, and authority buildings, along with extensive infrastructure development including roads, utilities and security systems. The project will feature a 48,000sqm concrete apron, an 80,354sqm container terminal with supporting infrastructure, and approximately 66,360sqm for general cargo and break-bulk operations.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group said, “We are delighted to sign this construction agreement today with Hassan Allam Construction to build Noatum Ports – Safaga Terminal, which will create a new source of economic growth for the people in the region, in line with the wise vision of our leadership in the UAE.”

Hassan Allam, CEO of Hassan Allam Holding added, “We welcome this opportunity to work with AD Ports Group, one of the fastest growing trade, transport and logistics groups in the Middle East, to deliver Noatum Ports – Safaga Terminal, which will be a key addition to Egypt’s maritime and ports infrastructure on the Red Sea. With our track record of more than 90 years, Hassan Allam Holding looks forward to delivering this large-scale, strategically important project for Egypt.”

The terminal is part of a US $349mn investment made by the group in Egypt over the last three years, which includes the purchases of maritime companies Transmar, TCI and Safina, the planned construction of a Ro-Ro terminal in Ain Sokhna, and long-term concessions to develop and operate cruise terminals in Safaga, Hurghada, Ain Sokhna and Sharm El-Sheikh.

The UAE is Egypt’s second-largest trading partner and its biggest international investor, according to the Egyptian Commercial Service (ECS), with $9.6bn invested in the country in 2023. The UAE had a trade volume of $6.9bn with Egypt in 2023, according to the UAE Ministry of Economy. Over 1,600 Emirati companies are present in Egypt.

In February 2024, two countries signed an agreement that will see the UAE invest $35bn to develop the Ras El-Hekma coastal region.

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ROSHN Group has become the first developer in Saudi Arabia to sign a long-term agreement for Mostadam sustainability certifications under the Sustainable Building program. The move reinforces the developer’s commitment to sustainable real estate development.

The deal, which is for three years, will allow ROSHN to step up the pace of sustainability certifications for all of its projects throughout the Kingdom, ensuring that all of its destinations and projects will be both built and operated in line with the environmental and social aspirations of Vision 2030 and its national programs, said a statement from the developer.

Launched in 2019, Mostadam aims to meet the needs of real estate development projects and operational assets in the Kingdom that address Saudi Arabia’s specific economic, social, and environmental conditions.

There are five levels of certification, with the lowest being ‘Green’ and the highest being ‘Diamond’. The program takes a holistic approach to sustainability development in the real estate sector, and takes into account sustainability of a particular site, utilisation of resources, procurement of materials and generation of waste, and how the site links into the geography around it.

A number of ROSHN’s projects are already Mostadam certified Diamond. ROSHN’s flagship project in Riyadh, SEDRA, and its community in East Riyadh are certified at the diamond level. Outside of Riyadh, ROSHN’s ALMANAR in Makkah and ALFULWA in AlHofuf are also certified at diamond level, as well as several of its buildings and assets, the developer confirmed.

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Samana Developers has celebrated the official handover of its Samana Park Views project in the Arjan community. Launched in October 2021, the project marks an achievement in the company’s record for its timely delivery.

Imran Farooq, CEO of Samana Developers commented, “Delivering Samana Park Views on time reflects our commitment and dedication to quality and reliability. As we continue to grow and evolve, we are proud to have climbed from the 17th to the 7th position among the top off-plan property sellers in Dubai scooping market share of 4.6% in Dubai’s real estate market.”

With total investment of US $40.5mn, Samana Park Views comprises 176 apartments spread across 183,323sqft. The project offers a range of amenities, including leisure decks, separate swimming pools for adults and children, private pools with select apartments, a yoga zone, an open cinema, a juice bar, lush green areas, indoor and outdoor gyms, a health club with steam and sauna facilities, and 24-hour security.

“The recent surge in the property index, reaching a historic high of 202, is a clear indicator of the strong investor confidence in Dubai’s real estate market. We are excited to be part of this thriving industry and look forward to contributing to the continued growth and development of the city. Samana Developers is proud to align our vision with Dubai’s 2040 New Urban Masterplan and the Dubai Real Estate Strategy 2033,” Farooq added.

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Khalifa Economic Zones Abu Dhabi – KEZAD Group and Siemens have announced the signing of a framework agreement to explore opportunities, provide assessments and optimisation insights to KEZAD’s industrial clients.

Under the agreement, Siemens will conduct Industry 4.0 and Technology Transformation Index assessments for KEZAD clients, and provide actionable insights to enhance their digital and sustainable manufacturing readiness. Siemens will also host industry-specific workshops in collaboration with manufacturers in KEZAD to address sector-specific challenges and innovations, to drive targeted engagement and knowledge-sharing among industry peers.

The agreement is also about the establishment of standardised virtual factory tours to showcase leading manufacturers in KEZAD. To be designed to highlight each facility’s strengths and innovations, and targeted coverage across KEZAD Group and Siemens’ channels, these tours are aimed at increasing visibility, engage a broader audience, and position KEZAD as a benchmark for industrial innovation in the region.

Abdullah al Hameli, CEO Economic Cities & Free Zones, AD Ports Group said: “At KEZAD Group, we are committed to driving innovation and supporting our clients in their journey towards digital transformation and sustainability. Our partnership with Siemens marks a significant step in leveraging cutting-edge technologies and industry expertise to enhance the competitiveness of our manufacturing ecosystem. Through initiatives such as Industry 4.0 assessments, tailored workshops, and virtual factory tours, we aim to position KEZAD as a regional leader in industrial innovation and collaboration. Together, we are shaping the future of manufacturing in Abu Dhabi and beyond.”

Dr. Oliver Elbracht, Head of Siemens Advanta Middle East added, “At Siemens, we are thrilled to partner with KEZAD Group to advance Abu Dhabi’s vision on the future of manufacturing. This collaboration underscores our commitment to provide transformative solutions that drive innovation, sustainability, and global competitiveness.”

“Industrial Technology Transformation Index assessments will help KEZAD’s manufacturing ecosystem evaluate their technological readiness and chart a path for growth. Our Green Lean Digital Factory roadmaps will provide a clear framework to enhance energy efficiency and digitalisation. Together, we are not only enhancing operational excellence but also setting new benchmarks for industrial innovation and environmental responsibility,” he continued.

Under the agreement, Siemens will also arrange a virtual tour of their advanced Lighthouse Factory in Amberg to offer KEZAD Group’s stakeholders insights into cutting-edge manufacturing practices, inspiring operational excellence within its zones.

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Arcapita Capital Company has reached an agreement with Flow Progressive Logistics (Flow) to develop a modern, Class A logistics complex in Riyadh. An end-to-end supply chain management company, Flow is a part of Saudi-based Alsulaiman Group.

The deal will see Arcapita develop an 80,000sqm mixed-use storage complex. The facility will feature various storage options, including cold storage, dry storage, temperature-controlled facilities, as well as specialised spaces for pharmaceutical and hazardous goods. Flow, which provides international shipping, customs clearance, warehousing, transportation, delivery, and reverse logistics, will operate the facility under a long-term lease agreement.

This collaboration will expand Arcapita’s logistics real estate portfolio in Saudi Arabia and support the government’s efforts to diversify its economy and improve market infrastructure, in line with Saudi Arabia’s Vision 2030. The Ministry of Transport and Logistics Services has been instrumental in driving growth in this sector, and its support continues to encourage private sector participation.

The industrial and logistics sectors are key components of the Kingdom’s Global Supply Chain Resilience Initiative, which aims to attract $10.6bn in investments.

Isa Al Khalifa, Director of Real Estate Investments at Arcapita said: “We are extremely pleased to expand our partnership with Flow through this new development. The Saudi Arabia industrial and logistics market continues to demonstrate positive supply-demand dynamics that are likely to support rental growth in the foreseeable future.”

“This partnership will contribute to meeting the growing demand for modern logistics facilities and services in Riyadh, where demand is outstripping supply particularly when it comes to higher-quality assets. Riyadh is positioning itself as a key logistics hub for both regional and international companies making it an attractive destination for investment capital.”

Arcapita Group currently manages over $1bn of industrial real estate assets in GCC, making it one of the largest real estate platforms in the region. The firm is expected to double its GCC logistics AUM to $2bn by 2025.

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Lacasa has announced its entry into real estate development through the launch of its new division, Lacasa Living. This marks a significant step for the company in delivering projects across residential, hospitality, and mixed-use developments, as well as interior designs services.

Lacasa Living’s boutique developments will focus on key markets in the UAE with upcoming projects in Dubai and Ras Al Khaimah (RAK) & Lusail in Qatar. Designed with the end user in mind, Lacasa Living will deliver a portfolio that ranges from architectural marvels of ultra-luxury, private villas from their Signature Collection to smart and modern bespoke residential apartments and holiday homes, said a statement.

“Our entry into real estate development is a natural evolution of our journey in the architectural and design industry. For years, we’ve collaborated with some of the region’s most prestigious developers, delivering iconic projects that bring a sense of purpose, creativity, and thoughtfulness that will continue to be at the heart of every project we build. Our extensive experience across multiple sectors has given us deep insights into what makes a development truly exceptional and a house a home. With Lacasa Living, our aim is to leverage this expertise to create signature properties that seamlessly blend intelligent design and well-thought out functionality that is not easily replicated. We are proud to evolve our  legacy to bring trend-setting developments that stand out with our signature designs, in some of the most coveted areas of the UAE,” said Emad Jaber, Chairman, Lacasa Living.

Lacasa Living has outlined an ambitious growth trajectory, with six projects already designed and ready for development. Each project will emphasise ready-to-move-in properties that combine bespoke design and boutique living in a functionality, community-centric environment. Lacasa Living has partnered with One Broker Group to prioritise sales interest of end users and investors for their upcoming launches of bespoke residential projects across the UAE.

“At Lacasa Living, we are channeling the same passion and precision that have defined our architectural achievements for years, into our real estate developments with a focus on creativity, craft, community and functionality. We approach every project with a holistic mindset, hand-picking strategic locations, rethinking traditional solutions and creating spaces that meet the unique demands of today. Therefore each design element is intentional and each aspect of the space serves a purpose that inspires connection, belonging, and beauty. We are here to carve a niche for ourselves where we curate homes that are as complete as the life lived within them,” added Ahmad Jaber, CEO, Lacasa Living.

Lacasa reestablished its capabilities with the handover of private villas in Dubai Hills. In January 2025, the division will unveil its residential developments with its first project of bespoke apartments coming up on Al Marjan Island in RAK.

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The New Murabba Stadium in Riyadh is poised to play a central role in the FIFA World Cup 2034, as one of the event’s 15 key venues in Saudi Arabia. With a capacity of over 45,000 seats, the stadium is designed not only to have optimum capacity, but to deliver an outstanding experience for players and fans worldwide.

Drawing inspiration from the native Acacia tree, the stadium’s architecture blends traditional Saudi elements with modern design. This fusion is intended to symbolise the nation’s respect for its heritage while embracing a forward-looking vision.

In terms of timeline, the stadium is scheduled for completion by the end of 2032, being ready before the World Cup.

New Murabba CEO, Michael Dyke, said the developer was honoured to contribute to the 2034 World Cup through its 45,000-seat facility and looked forward to welcoming the world to the Kingdom.

“Equipped with cutting-edge technology, the New Murabba Stadium offers an immersive experience for attendees. The timeline ensures ample opportunity for test events and preparations, guaranteeing a world-class experience for all participants. While the World Cup is a focal point, the stadium is designed as a multi-purpose venue adaptable for various events, including gaming competitions, exhibitions, and cultural gatherings.”

“It will continue to serve as a vibrant community hub, solidifying Riyadh’s position as a global destination for sports and entertainment. New Murabba is dedicated to creating an innovative and sustainable destination that will enrich lives. Through projects like The New Murabba Stadium, the company contributes to the cultural and economic development of Riyadh and the Kingdom of Saudi Arabia,” the statement concluded.

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