M&A-

ADX-listed IHC restructures its energy infrastructure units: IHC subsidiary and smart city solutions provider 2PointZero acquired a “significant stake” in Abu Dhabi energy distributor Enterprise Holding Investment (EHC), according to a joint statement. This is a related party transaction given that EHC is also a unit of IHC, and comes in a bid to boost 2PointZero’s energy platform, EPointZero.

What’s next? Under the acquisition, 2PointZero will roll out advanced smart grid technologies, AI-powered analytics, and advanced monitoring systems to boost energy distribution efficiency across the country.

REAL ESTATE-

#1- Emaar to invest AED 7.3 bn in Egypt’s residential development New Mivida: Emaar Properties’ Egyptian arm Emaar Misr Properties partnered with Midar Investment to set up the EGP 100 bn (AED 7.3 bn) New Mivida residential project in New Cairo, according to a statement (pdf). The project will include 2.9k apartments and villas, a school, and a sports club. Emaar has already invested an initial USD 80 mn in the project, founder Mohamed Ali Alabbar told Asharq Business. Midar is expected to complete construction on half of the project within three years, CEO Ayman Elkousey said.

#2- Reportage to invest AED 1 bn in Pakistan: Reportage Properties’ Pakistani arm Reportage Properties Pakistan has partnered with Ruda and CBD to invest AED 1 bn in Pakistan’s real estate sector, according to an announcement. This partnership will focus on developing towers and townhouses in Lahore, Islamabad, and Karachi. The first project under this agreement will be the residential Reportage Skyline Towers in Lahore, which will be launched on 22 February, ProPakistani reports.

#3- Dugasta Properties has launched four Dubai residential projects valued at over AED 1 bn — Teraa Tower, Moonsa 2, Al Haseen-3, and Al Haseen-4 — according to a press release.

AGRICULTURE-

Al Dahra to develop 200k acres of farmland in Kenya: ADQ-backed agribusiness Al Dahra Agriculture inked an MoU with the Kenyan government to operate and manage up to 200k acres of irrigated farmland in Galana Kulalu under a usufruct agreement, according to Kenya’s National Irrigation Authority. The project, valued at USD 800 mn, will be implemented in multiple phases over the next decade following technical studies and infrastructure development, Al Bayan reports.

The goal: The initiative, part of the Kenya-UAE Comprehensive Economic Partnership Agreement (pdf), aims to boost Kenya’s local food production by cultivating major crops, reducing reliance on imports, and supporting sustainable agricultural practices.

REFRESHER- Dahra began negotiations on this agreement with the Kenyan government last December.

TECH-

Presight to develop USD 190 mn AI smart city in Astana, Kazakhstan: AI-powered data analytics company Presight AI Holding inked a USD 190 mn, six-year agreement with Astana’s municipal government (Akimat) to develop an AI-powered smart city, it said in an ADX disclosure (pdf). The project will digitize urban infrastructure, boost traffic management, and modernize public services using sensors and IoT technology to create a digital twin of the city. Expected benefits include reduced congestion, faster emergency response, and improved livability and safety.

HEALTHCARE-

Abu Dhabi’s Malaffi + Latvia partner on healthcare digitalization: Abu Dhabi HealthInformation Exchange (Malaffi) inked a partnership with Latvia’s Health Ministry to facilitate exchange of digital healthcare and medical knowledge, Wam reports. The agreement focuses on integrating AI and other advanced technologies into the healthcare system.

AVIATION-

Etihad Airways is flying to Sochi: ADQ’s Etihad Airways is launching three weekly flights between Zayed International Airport (AUH) and Sochi International Airport (AER) next summer, according to a press release.

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