MANAMA — Leading global alternative asset management firm Investcorp has raised $130 million in anchor commitments which will primarily provide last mile funding in India, a market currently going through a liquidity crunch.

BAe Systems Pension Funds Investment Management Limited is the cornerstone investor for this initiative, which will focus on projects in the affordable and mid-market housing segment in the top seven cities in India and is subject to regulatory approvals and registrations.
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Honeywell, a global technology leader, has released its predictions on emerging trends that will shape cybersecurity for buildings, ahead of Intersec 2020, taking place from January 19-21 at the Dubai World Trade Center (DWTC).

With the Middle East cybersecurity market expected to grow at a compound annual growth rate (CAGR) of 22.5 per cent during the period 2018-2024, Honeywell’s cybersecurity professionals shared insights and expected changes resulting from more open, connected and smart building systems....

With 2020-21 Indian budget just round the corner, developers are anxiously waiting for measures to be announced to not only boost the economy but to see some relief for the real estate sector.

Anuj Puri, chairman, Anarock Property Consultants, said real estate particularly hopes for the quick implementation of Alternative Investment Funds (AIF) to rescue stressed residential projects.
'The pressure on the finance minister is as high as"...

The construction of several mega projects across the GCC will continue to fuel the demand for steel and steel products, experts said at the SteelFab 2020 exhibition in Sharjah.

The 16th edition of the region's premier steel and metal industry event brings together more than 300 professionals and companies representing some of the world's leading steel and metal manufacturers and suppliers. Over 35 leading countries in the fields of welding"...

Acciona, through its Water Division, will participate in a series of sessions on water security and digitisation in the sector at the Water Expo & Forum, to be held in Abu Dhabi from tomorrow (January 13) till January 16.

The Water Expo & Forum is part of the World Future Energy Summit (WFES) 2020 summit.

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Global professional services company, GHD, is expanding its energy services for clients in the UAE and the wider Gulf Cooperation Council region with the appointment of Sam Mitchelle as Market Leader – Energy, UAE.

With more than 18 years of professional experience in power generation, transmission and distribution, Mitchelle has developed and managed major electrical"...

UK-based professional services company Turner and Townsend (T&T) has completed the project management on an expansion programme for Khazna Data Center – expanding its existing facilities in Masdar City in Abu Dhabi and Meydan in Dubai.

Khazna, which is majority-owned by Mubadala Investment Company, is the only dedicated commercial wholesale data centre provider in the UAE and one of the largest data centre infrastructure operators in the Middle East.

The expansion – comprising two"...

MAG Development, the real estate arm of investment holding firm MAG Group, is planning to raise funds through an initial public offering as it eyes overseas expansion to boost growth, the company's chief executive said.

Dubai-based MAG Development is currently involved in a number of projects in Dubai and Sharjah including the Dh4 billion MAG City scheme, launched last year in the Meydan District of Dubai.

“We"...

Walton Global Holdings Ltd. and its affiliates (collectively Walton), a real estate investment and land asset company with US$3.8 billion under management and administration, has acquired the 245-acre Lee Farms property located at 4300 Wilson Ave. in Loveland, Colo.

The pre-developed land is slated for a single-family residential master planned community of approximately 900 units, offering a variety of sizes and types of homesites. The parcel is"...

MAG Development, the real estate arm of MAG Holding Group, said that work on its Dh260-million ($71 million) MBL Residence project in Dubai is on track and handing over of housing units will start during the second quarter of 2020.

MBL Residence is a mixed-use project offering abundance of amenities, commercial and recreational facilities to provide a distinctive lifestyle .It is a 40-storey residential tower with 472 fully-serviced residential apartments of one, two and three bedrooms, with a 5-star lounge....