NBK Capital Partners announces successful first closing of real estate fund
7th February 2018
According to *Tradearabia news report, NBK Capital Partners, an alternative investments firm that leads flexible growth capital investments in mid-sized companies in the Middle East, North Africa (Mena) and Turkey, has announced the successful first closing of a real estate fund with $75 million in fund commitments, raised primarily from prominent regional institutions, pension funds, family offices and HNWIs (high net worth individuals).[..]
GCC Needs US $131 Billion In Power Investment Over Next Five Years, States Power Show Report
22nd January 2018
Regulatory Framework Identified As Private Sector Incentive
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STC begins constructing largest network operations centre in the MENA region
2nd January 2018
According to *Tradearabia news report, Saudi Telecom Company (STC), the kingdom's leading telecom services operator, has begun constructing the largest network operations centre in the Middle East and North Africa (Mena) region at the King Abdulaziz Telecom Complex in Al Mursalat district in capital Riyadh.[..]
BMI: MENA construction sector to expand by 5.8% in 2018
6th December 2017
According to *Tradearabia news report, the construction sector in the Middle East and North Africa (Mena) region is set to outpace the global growth, expanding by 5.8 per cent in 2018 to hit $225 billion, according to BMI Research, a Fitch group company. [..]
Healthcare projects worth US$ 55.2 bn in pipeline in Mena region
21st August 2017
Healthcare projects worth $55.2 billion are currently in the pipeline in the Middle East and North Africa (Mena) region, according to latest industry estimates.[..]
Ongoing economic uncertainty to pressurise Abu Dhabi’s residential real estate market
24th July 2017
Issues of oversupply and ongoing economic uncertainty continue to put pressure on Abu Dhabi’s residential real estate market, according to leading international property company Chestertons Middle East and North Africa (Mena).[..]
Dubai government launches smart city accelerator
1st June 2017
Dubai government has announced the launch of a smart city accelerator aimed at facilitating solutions to create a 'smart' city.[..]
World Bank: Private sector to be encouraged for economic growth in MENA region
5th May 2017
The private sector should be encouraged to become an engine of economic growth in the Middle East North Africa (Mena) region, a senior World Bank official has said.[..]
MENA e-commerce sector 'to grow tenfold' by 2020
10th April 2017
A pan-Arab government body is preparing to release a five-year strategy it claims will help grow the region’s e-commerce sector from $20 million in 2017 to $200 million beyond 2020, an official told Arabian Business. The Arab Federation of e-Commerce is headquartered in Cairo and comprises representatives from 14 governments across the MENA region. It was set up a year ago to promote and develop the region’s e-commerce sector at a time when emerging online retail patterns are starting to disrupt traditional business models. The 50-page document, set to be unveiled next month, will make a series of recommendations to member states, including the introduction of new laws to help e-commerce outfits grow their businesses, Dr Ali Al Khouri, first deputy chairman of the Arab Federation for e-Commerce, told Arabian Business on Monday. Al Khouri, who is also chairman of the Supreme Committee in Abu Dhabi, said the strategy is expected to bring about positive regulatory change, and that the UAE “would be at the forefront of this change”. E-commerce accounts for only around 0.71 percent of the MENA region’s total GDP at present, compared to 3 percent for the rest of the world and as much as 5 percent in some countries such as the US.[..]
MENA rail equipment market to grow at 3% in the next four years
14th March 2017
The MENA region's rail equipment market is expected to record an annual growth rate (AGR) of 3% in the next four years.[..]