Author: Arabian Media staff
Image: Supplied AD Ports Group has signed a land sale agreement with Mira Developments to develop one of the largest mixed-use communities in the Al Mamoura district of Abu Dhabi. The land, part of the Group’s 16 square-kilometre Town Centre Area, is strategically situated along the Dubai–Abu Dhabi highway. Valued at Dhs2.47bn, the agreement covers a fully integrated community set to be constructed over the next decade. Construction is scheduled to begin within 12 months, with completion expected within 10 years from the agreement’s effective date of September 29, 2025. Captain Mohamed Juma Al Shamsi, MD and group CEO of…
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Image: Supplied Majid Al Futtaim Holding has partnered with Diriyah Company to launch a state-of-the-art VOX Cinemas multiplex and seven premier lifestyle retail brands at Diriyah Square, marking the company’s first lifestyle and entertainment presence in the high-profile precinct. The agreement will introduce flagship stores for lululemon, Crate & Barrel, CB2, AllSaints, Shiseido, Abercrombie & Fitch, and Hollister, collectively covering 5,534.48 square metres. VOX Cinemas will anchor the entertainment offering with 7,632.93 square metres, bringing the total gross leasable area to 13,167.41 square metres. The project includes the first standalone Shiseido store in Saudi Arabia. Diriyah Square: A key lifestyle…
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Image: Supplied The Royal Commission for Riyadh City (RCRC) has appointed global real estate advisory firm JLL as the leasing advisor for the commercial network of Riyadh Metro, in a move aimed at transforming the kingdom’s new transit hubs into major commercial destinations. Under the agreement, JLL will develop and manage the retail strategy for 733 commercial units across 85 metro stations and 2,900 bus stops. The firm will handle tenant mix planning, leasing management, rental rate analysis, and the full leasing cycle, including competitive tenders for retail outlets, ATMs, and click-and-collect kiosks. Riyadh Metro to serve 3.6 million commuters…
Wio Bank said on Monday it has crossed Dhs50bn ($13.6bn) in customer deposits, less than three years after its launch, as digital banking adoption accelerates across the UAE. The Abu Dhabi-based digital bank said deposits have nearly doubled year-on-year, reflecting a strong shift in how individuals and businesses in the country manage their finances. The milestone underscores Wio’s growing role in the UAE’s push to become a global fintech hub. Wio’s customer base expanded 72 per cent over the past year, driven by a 93 per cent rise in personal banking customers and 42 per cent growth in business clients.…
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The UAE Ministry of Economy and Tourism, in collaboration with the New Economy Academy and Ignyte, the Dubai International Financial Centre (DIFC)-developed digital startup and SME ecosystem, has launched a major new initiative to support Emirati entrepreneurs. The Entrepreneurship Programme aims to train 10,000 Emiratis through a series of in-person and virtual courses designed to equip participants with the skills, knowledge, and practical tools to launch scalable ventures across the UAE and beyond. The initiative forms part of the national campaign “The Emirates: The Startup Capital of the World”, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime…