STARTUPS-

Orgam secures USD 3 mn from Tenami capital: Homegrown flexible staffing solutions provider Orgam raised a USD 3 mn non-dilutive investment from Tenami capital, the company said in a press release. Orgam will use the funds to fuel its expansion plans in Saudi Arabia’s retail and hospitality sectors, strengthen its working capital and improve retention rates. The startup will also roll out its early payout program with this investment.

REAL ESTATE-

#1- Reef Developments launches AED 300 mn REEF 999 in Al Furjan: Reef LuxuryDevelopments unveiled its latest project, REEF 999, in Al Furjan, Dubai, with an investment value of AED 300 mn, according to a press release. The development spans 60k sqft and features 142 units, including apartments and villas.

ICYMI: Reef Developments revealed plans in October to invest AED 14 bn in over 30 projects by December 2025, with an ambitious goal to launch 5k residential units worth more than AED 5 bn within three months.

#2- Samana Developers jets off to the Maldives: Dubai-based Samana Developers launched an AED 2.2 bn luxury project in the Maldives, Khaleej Times reports. The development, named Samana Ocean Views and featuring interiors by Elie Saab, is the developer’s first branded residence project, and is set for completion in 2029. Sustainability features, such as coral restoration, are part of the project. Samana Developers has already delivered over 1k units and has 10k units currently under construction.

NBFS-

Al Ansari is now authorized to collect pension contributions for corporates: Al Ansari Exchange received authorization to collect pension contributions from corporates on behalf of The General Pension and Social Security Authority and Ma’ashi, according to a press release.

MARITIME-

Georgia-based real estate developer Mardi Holding is set to expand into the UAE market, led by its Dubai-based subsidiary Zam Prime Properties, in Business Bay, Al Bayan reports. The company will officially announce the expansion on 28 January.

Meet the team: Faisal Contractor (LinkedIn) will serve as Chairman and CEO, with operations managed by General Manager Dr Munir Azzam

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