ESG consolidates real estate assets under new holding company: ADX-listed Emirates Stallions Group (ESG), the construction and real estate subsidiary of International Holding Company (IHC), launched Royal Development Holding to consolidate its real estate development activities under a single platform, according to an ADX disclosure (pdf). The new entity brings together its firms Royal Development Company, which has managed upwards of 60 projects in more than 15 countries, and Royal Architect Project Management.

What it does: Royal Development Holding will expand ESG’s footprint across 20+ global markets, offering end-to-end development capabilities. The new platform is positioned as a boutique developer building lifestyle and sustainability-driven communities. Tariq Nazzal (LinkedIn) will serve as general manager.

The bigger picture: The launch supports ESG’s growth strategy by listing its real estate development and project management companies under the new entity. ESG recently opened a new branch in Saudi Arabia and acquired warehouse space in the kingdom, as it looked to capitalize on an uptick in demand on the back of the country’s ongoing infrastructure push.

Meanwhile, its parent IHC has also been busy, launching a wave of new verticals this year, including a global AI-powered reinsurer with BlackRock and Lunate, the Gridora infrastructure platform with ADQ and Modon, and a UAE-built global AI marketplace. In 2024, it also rolled out Rorix Holdings, focused on finance and trade facilitation, and 2PointZero, a AED 100 bn umbrella entity housing Chimera, Lunate, Citadel, Sagasse, Beltone, and others.

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