Construction & Real Estate

Abu Dhabi Islamic to provide digital home financing for Emiratis

Abu Dhabi Islamic Bank (ADIB) has joined hands with the UAE capital's housing authority to provide eligible Emirati nationals with enhanced digital pre-approval access to shari’a-compliant home financing solutions. The funding will be done through a fully digitised credit engine developed by ADIB. ...

Construction & Real Estate

Lenovo in deal to boost AI, digital infrastructure in Saudi housing sector

Lenovo has signed an agreement with Saudi National Housing Company Innovation for potential collaboration backing the kingdom’s evolving residential and digital infrastructure landscape. The deal sets out a foundation to boost co-operation across advanced technologies such as AI and data science. ...

Construction & Real Estate

$15 trillion infrastructure gap to boost role of PPPs, says report

Global infrastructure faces a $15 trillion financing shortfall by 2040, driving increased reliance on public-private partnerships to fund projects ranging from energy transition to digital connectivity, as fiscal space tightens and investment needs rise, said a new report. ...

Construction & Real Estate

Phase I work on Dewa's solar green data facility to kick off in Q2

Dubai Electricity and Water Authority (Dewa) said work is set to start on the Phase I of its solar-powered Green Data Centre being set up by its key subsidiary Moro Hub in Warsan. Spanning over 66,000 sq m area, the key facility is being developed as a major hub for sustainable and future-ready digital solution. ...