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AD Ports sells off more land, more local defense agreements, another AI startup funding round, and a big-ticket Abu Dhabi real estate project
Defense agreements spanned local unmanned VTOLs and purchases of aircraft and drones by Edge
ADFD to mobilize USD 2 bn for water projects in developing countries
ADFD will itself allocate an initial USD 1 bn for deployment through 2030
Ethmar, GB Media develop multi-mn-USD media-focused fund in Abu Dhabi
The fund is co-led by two GB Media founders with extensive backgrounds in Hollywood and digital studios
Modon awards massive construction contract, EGA invests USD 170 mn in German facility, and Depa closes its rights issue
Modon awarded a AED 5 bn contract for Nawayef East and Nawayef West on Hudayriyat Island
Adia doubles down on India’s ICICI Prudential, while Mubadala acquires a US building automation firm
Mubadala and Bain acquired Service Logic, a North Carolina-based HVAC and building automation firm
Archeo Futurus + Daywalker Global to pour USD 200 mn into Abu Dhabi’s tech and media sectors
They also launched the world’s first compute-securitized bond to support this investment plan
Gemcorp, Angola sovereign wealth fund launch ADGM-based, pan-African fund
The fund will tap Gulf investors with interest in Africa
Egypt’s Palm Hills to invest over USD 3.8 bn in Saadiyat Shores project
The project will consist of three interconnected islands, including 620 villas and 1k apartments
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