Emaar
Coverage of Emaar in the Nexus archive.
- Dubai presses on with megabuilds
Dubai is investing billions in infrastructure and economic initiatives to recover from the Iran war's economic impact. The emirate approved a 18 billion-dirham spending plan for business reforms, an Islamic finance technology center, and a new highway, while Emaar, backed by Dubai Holding, is developing a $54 billion 'city within a city' project called Dubai Estate.
- UAE makes major investment pledges in Damascus
The UAE has made major investment pledges in Damascus, with Emaar founder Mohamed Alabbar announcing nearly $18 billion in tourism and real estate projects. The move signals Abu Dhabi's growing strategic alignment with Syria's new leadership under President Ahmed al-Sharaa, including plans to renovate the Umayyad Mosque and surrounding historic districts.