UAE infrastructure set for growth in 2025
Mordor Intelligence has forecast a compound annual growth rate (CAGR) of 5% for the UAE’s infrastructure sector between 2025 and 2030. This growth
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Real Estate
Economy
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UAE high-speed train to boost GDP by $39.5bn
The UAE’s high-speed train project connecting Abu Dhabi and Dubai is set to deliver significant economic impact, contributing an estimated $39.5bn to the
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Real Estate
Meraas awards $272m contract for Bluewaters Bay
Meraas has signed a construction contract exceeding $272m with China State Construction Engineering Corporation (Middle East) for the development of Bluewaters Bay.
Economy
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WEF selects Riyadh, Muscat as tech centres
The World Economic Forum has formalised plans to establish three new Centres for the Fourth Industrial Revolution in 2025. In a major development
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Real Estate
Al Hamra completes Marina Residences in RAK
Real estate developer Al Hamra has announced the completion and handover of Al Hamra Marina Residences in Ras Al Khaimah, a residential project
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Global IT spending to reach $5.61tr in 2025
Global IT spending is projected to reach a record $5.61tr in 2025, reflecting a nearly 10% increase from $5.11tr in 2024, according to
Economy
Entrepreneur
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KSA sets record for venture capital deals in 2024
Saudi Arabia has achieved a record-breaking 178 venture capital deals in 2024, solidifying its position as the leading hub for VC funding in
Economy
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New high-speed rail links Abu Dhabi and Dubai
Etihad Rail has announced a groundbreaking high-speed train project that will connect Abu Dhabi and Dubai. The project further cements the UAE’s status
Economy
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Oraseya Capital tops UAE investment rankings
Oraseya Capital has been named the most active investor in the UAE for 2024, according to the UAE Venture Investment Report by MAGNiTT.
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Kuwait uses tech against environmental violations
Digital transformation specialist Intalio has partnered with the Kuwait Environment Public Authority to revolutionise the management of the country’s environmental violations.