logo
Qatar's Qilaa International to invest initial $2.5bln in Indonesia housing project

Qatar's Qilaa International to invest initial $2.5bln in Indonesia housing project

Zawya3 days ago

JAKARTA - Qatar's Qilaa International group will make an initial investment of about $2.5 billion in its project to build 1 million affordable housing units in Indonesia, its chairman said on Thursday.
The chairman said the company will build 50,000 units of apartments soon.
(Reporting by Stefanno Sulaiman and Ananda Teresia; Editing by John Mair)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Registration opens for ‘My Career – My Future 2025'
Registration opens for ‘My Career – My Future 2025'

Zawya

time6 hours ago

  • Zawya

Registration opens for ‘My Career – My Future 2025'

Doha, Qatar – Qatar Career Development Center (QCDC), founded by Qatar Foundation (QF), has officially opened registration for the 7th edition of its 'My Career – My Future' job shadowing program, set to take place from 6–10 July 2025. Designed for high school students across Qatar, the program offers an immersive career exploration experience through structured job shadowing placements across a wide range of national sectors. These include Medicine, Aviation, Media and Communications, Telecommunications, Business, Financial Services, Judiciary, Tourism, Sport Management, Engineering, Technology, Humanitarian and Social Work, among others. Since its launch, 'My Career – My Future' has successfully trained more than 500 students, delivering over 12 thousand cumulative training hours across six editions. The program is part of a diverse and comprehensive package of interactive career exploration initiatives offered by QCDC throughout the year. These programs aim to equip students with essential experiences and skills, enabling them to engage in practical activities that help them identify the most suitable academic and career paths and make informed decisions about their future. The most recent of these initiatives was the 'Career Village', the latest edition of which was organized by QCDC last May. While the 'Career Village' serves as a gateway to the world of career exploration, 'My Career – My Future' builds upon it by taking additional steps to create a deeper impact on students' career awareness. As a natural next step in QCDC's career guidance ecosystem, 'My Career – My Future' bridges the gap between classroom learning and the realities of the workplace. It empowers students to make informed academic and career decisions through firsthand exposure to real work environments, allowing them to engage directly with professionals in their fields of interest. At the same time, participating organizations gain the opportunity to inspire and connect with promising youth, playing a tangible role in shaping the future national workforce. The weeklong program will also feature interactive career workshops, a university fair, and valuable networking opportunities with professionals across sectors, culminating in a closing ceremony celebrating student achievements and the impact of participating institutions. Seats are limited in each sector, and placements are offered on a first-come, first-served basis. Students are strongly encouraged to register early to secure a spot in their preferred career field and avoid missing out on this transformative opportunity. To register or learn more, visit: Qatar Career Development Center Qatar Career Development Center, founded by Qatar Foundation, aims to help the youth, particularly but not restrictedly students, across all Qatar's education system's tracks and stages, including the youth with special needs, to identify and fulfil their education and career goals. The center offers them high quality bespoke career development programs, services and activities, seeking to mobilize, educate and support them on how best to make and implement sound career decisions and plans, grow and develop professionally, and achieve their life goals in such ways that best contribute to Qatar's development and prosperity. In addition to the youth, Qatar Career Development Center targets a diverse group of individual and organizational stakeholders collectively referred to as the influencers of youth. This group primarily includes career practitioners and human capital professionals, academic advisors and administrators, parents and policy makers. The center engages them in various initiatives, projects and programs whose purpose is to educate, empower and support them in relation to their highly vital role as shapers and even definers of the youth's future. To learn more about Qatar Career Development Center's initiatives and programs, please visit the website: To stay updated on our center's activities on social media, follow our accounts on: Instagram, YouTube, Facebook, X, TikTok, and LinkedIn. For any media inquiries, please contact: qcdc@

Sakan Developments launches its new project "Park-U" in El Shorouk City with investments exceeding EGP 4.8bln
Sakan Developments launches its new project "Park-U" in El Shorouk City with investments exceeding EGP 4.8bln

Zawya

time6 hours ago

  • Zawya

Sakan Developments launches its new project "Park-U" in El Shorouk City with investments exceeding EGP 4.8bln

The project covers an area of 15,000 square meters, with operations expected to start in 2029 Cairo, Egypt – In a bold move to redefine the commercial and entertainment landscape in East Cairo, Sakan Developments, one of Egypt's leading real estate development companies, has announced the launch of its flagship project, Park-U, in El Shorouk City, with investments exceeding EGP 4.8 billion. This launch is part of an ambitious expansion plan aimed at creating integrated urban and commercial communities that combine quality planning, stunning design, and innovation. Sakan Developments is one of the fastest-growing companies in Egypt's real estate sector, with a strong track record of diverse and high-quality projects. Since its establishment over 10 years ago, the company has delivered more than 56 projects, handed over over 250 residential units, with a total investment surpassing EGP 3.7 billion, mostly in El Shorouk City and New Cairo. The project is strategically located on the El Horreya Axis in El Shorouk City and serves as a key element in the company's strategy to provide modern urban solutions that keep up with the country's rapid economic growth and urban expansion, especially with the government's focus on developing new cities such as the New Administrative Capital. Park-U spans a total area of 15,000 square meters, with an operational area of 69,300 square meters, reflecting the flexibility and expansion potential considered in the design. The project is aimed at offering a unique experience with a balanced distribution of commercial, administrative, and entertainment spaces to cater to diverse customer and investor segments. Commenting on the project, Engineer Walid Khattab, Chairman of Sakan Developments, said: "We are proud to launch Park-U in El Shorouk City, which represents a significant step in developing the region and elevating its commercial and entertainment facilities. This project is part of our ongoing commitment to delivering innovative solutions that meet the aspirations of the Egyptian market. Our vision is to create integrated and sustainable communities that serve various sectors." Mr. Ahmed Taher, Head of the Commercial Sector at Sakan Developments, stated: "Sakan's vision is to create modern commercial environments that align with economic and social changes, offering an integrated experience that combines shopping, entertainment, and work. This is what we aim to fully achieve in Park-U. Once completed, we expect it to have a direct positive impact on the local economy and enhance the investment appeal of El Shorouk City, positioning it as one of the leading development projects in Egypt in the next decade." The project will be developed over a period of 42 months, beginning in June 2025, with units expected to be handed over and operations starting in early 2029. This ambitious timeline reflects the professionalism and seriousness with which Sakan handles its projects. Park-U enjoys a prime location, close to major brands like Dar Misr, Sakan Misr, Komond El-Batio, and Carrefour Market. It is easily accessible via key highways, including the Suez Road and Ismailia Desert Road. It is also near prestigious international schools, such as the British International School, providing a distinguished shopping and entertainment experience in an environment surrounded by educational and healthcare services. Additionally, Park-U's proximity to the New Administrative Capital makes it a promising commercial destination, not only for residents of El Shorouk City but also for thousands of workers and residents in the New Administrative Capital in the years to come. This further enhances the project's investment value and promotes its potential for sustainable growth. Park-U represents a new generation of open-air malls that blend traditional shopping experiences with the enjoyment of green spaces and community interaction. Key features include: A multi-use interactive square for hosting public events and family activities. Commercial units offering breathtaking views of scenic landscapes. Relaxation and leisure spaces designed with care to meet the tastes of visitors looking for a comfortable and modern environment. The project boasts cutting-edge infrastructure aligned with global standards, including: Advanced security systems featuring surveillance cameras and fire alarm systems. A variety of entertainment facilities for all age groups. Ample parking spaces to prevent congestion. Central air conditioning and high-speed internet service to ensure maximum comfort for both customers and tenants. Park-U targets a broad range of customers and investors, including: Real estate investors seeking long-term returns. Commercial businesses looking to open branches in strategic locations. Medical institutions wanting to expand in vital areas. Retail and entertainment projects needing a modern, integrated operational environment. It is expected that Park-U will generate lucrative investment returns, given the rising demand for commercial and entertainment spaces in new areas. Furthermore, it will contribute to boosting the business activity in El Shorouk City and its surrounding areas. Its strategic location plays a pivotal role in attracting a variety of investors, particularly given the ongoing urban growth in the area. The project also boasts a prestigious list of successful partners, including ACE Moharram-Bakhoum, KAD, Smarch Architects, Kelma Developments, Sedra Electric, and E& Business (Etisalat), with each playing a vital role in ensuring the project's success according to the highest standards.

Gulf's stock exchanges meet with global investors to explore long-term opportunities
Gulf's stock exchanges meet with global investors to explore long-term opportunities

Zawya

time6 hours ago

  • Zawya

Gulf's stock exchanges meet with global investors to explore long-term opportunities

Doha: Over 300 global institutional investors met with all bourses from the Gulf Cooperation Council (GCC) and over 100 GCC corporates at HSBC's GCC Exchanges Conference in London between 16-19 June as investors explore the Gulf's reform-driven growth and maturing capital markets. Now in its fourth year, conversations at the Conference focused on the GCC's record IPO pipeline, deep sovereign and corporate bond markets, and expanding private credit platforms – which have been underpinned by strong fiscal buffers and multi-year economic transformation agendas. The continued liberalisation of GCC financial markets and the introduction of privatization programmes by GCC governments are converging at a time when investors are seeking diversification from global volatility. GCC capital markets were resilient in the first quarter of the year with IPO proceeds 33% higher compared to the first quarter of 2024, despite a slowdown in issuances globally. [1] Qatar Stock Exchange Listed Companies reported QR 13.22 bn net profits for Q1, 2025 which showed continues growth year on year. [2] Abdul Hakeem Mostafawi, CEO of HSBC Qatar said: 'Global investors are recalibrating for resilience and the GCC's balance sheet strength and robust financial markets ecosystem has positioned the region as an increasingly credible alternative. Qatar Stock Exchange continues to invest in sophisticated platforms and investment tools to reinforce its competitiveness and strengthen investors' confidence.' Senior officials who also attended the event included Abdullah Mohammed Al Ansari -CEO of Qatar Stock Exchange, Dr. Tamy Bin Ahmed Al-Binali - Chief Executive Officer Qatar Financial Market Authority, and Sheikh Mohammed bin Jassim Al Thani -Chief Executive Officer Edaa. Abdullah Muhammad Al Ansari, CEO of Qatar Stock Exchange, stated: 'We commend HSBC's continued commitment to convening key stakeholders and global investors around the Gulf's evolving capital markets. At Qatar Stock Exchange, we remain focused on enhancing our market infrastructure and broadening access to sustainable investment opportunities that support both regional growth and investor diversification.' This year, for the first time, HSBC brought together Emerging Market Macro Strategists with GCC attendees, as EM investors dial-up their exposure to the Gulf's capital markets driven by strong GDP projections relative to the broader EM pool. Media enquiries to: Greta Madgwick Mai Salem maisalem@ HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store