Another major Dubai real estate project (this time by Sobha)

Sobha’s AED 50 bn master residential community: Luxury real estate developer Sobha Realty launched its most expansive mixed-use development yet, Sobha Sanctuary, a 37.5 mn sq ft community valued at AED 50 bn within Al Yufrah Dubai, Gulf News reports. The development will include 20k residential units, two international schools, a hospital, and retail spaces. The project will be rolled out in three phases and handovers are expected to begin from 3Q 2029.

In the big leagues: This latest move from Sobha — which wrapped up 2025 with AED 30 bn in sales — joins similar big-ticket developments in Dubai’s real estate landscape, including Binghatti’s recently launched AED 30 bn Meydan branded residence in partnership with Mercedes-Benz. Emaar is leading the investment spree as well, investing AED 100 bn for its Emaar Hills project. Dubai’s luxury segment has been doing much of the heavy lifting for the overall market, which saw AED 917 bn in transactions last year as sales outpaced stock replenishment.

Sharjah oil giants to supply oil for Kurdistan industry

Sharjah-based gas players DanaGas and Crescent Petroleum will supply natural gas to cement and steel producers in the Kurdistan Region of Iraq (KRI), according to a press release (pdf). Along with partners from the Pearl Petroleum consortium, in which they each own a 35% stake, they inked 10-year gas sales agreements for 142 mmscf/d of gas from the Chemchemal field, starting 2H 2027.

The state of play: Development and appraisal is underway on the field, with the consortium having already committed USD 160 mn to drill three new wells and establish private sector-built pipelines to support supply chains, with expansion also in the cards.

BACKGROUND- The Chemchemal gas field is part of Pearl Petroleum’s Kurdistan operations, located close to the Khor Mor field, which recently kicked off operations after a USD 1.1 bn expansion added an extra 250 mmscf/d of production capacity, bringing its total output to around 750 mmscf/d.

Khansaheb Group acquires Anabeeb from Emsteel

Dubai-based engineering and construction firm Khansaheb Group acquired Anabeeb, a Saudi-based industrial pipe manufacturer, from Emsteel Building Materials, adding large-scale PVC and glass reinforced polymer pipe production to its portfolio, according to a press release. The transaction deepens Khansaheb’s exposure to infrastructure and pipe manufacturing — given Anabeeb owns the region’s biggest glass reinforced polymer pipe production facility — as it looks to offer a full stack of infrastructure solutions.

Al Ghurair digs deeper in high-value ingredients and protein production

Al Ghurair launches B2B brand + USD 20 mn meat coating facility: Al Ghurair Group’s subsidiary Al Ghurair Foods rolled out a food ingredients brand, Purl, targeting food manufacturers in the GCC, according to a press release. The brand offers clean ingredient products, including flours, liquid egg, meat coatings, and starchers, to regional manufacturers.

ALSO- The firm ploughed USD 20 mn into a new meat coating system facility with an annual capacity of 60k tonnes. The plant includes production lines for different types of coating, and aims to trim supply lead times for manufacturers by up to 50% as well as reduce dependence on imports.

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