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HEALTHCARE-
#1- Burjeel set to launch the UAE’s largest fertility clinic: ADX-listed healthcare provider Burjeel Holdings plans to launch the largest fertility center in the UAE, the Trust Fertility Clinic, at its flagship Burjeel Medical City, according to a press release (pdf). The in vitro fertilization (IVF) clinic — marking its entry into IVF — will offer egg retrieval, AI-driven embryo selection, embryo transfer, fertility assessments, intrauterine insemination (IUI), and IVF consultations, among other fertility treatment services.
#2- Construction on M42’s Amna Healthcare in Bahrain kicks off: Abu Dhabi-based tech-enabled healthcare firm M42 broke ground on the Bahraini arm of its Amna Healthcare brand on Monday in partnership with Bahrain’s sovereign wealth fund Mumtalakat Holding Company, Wam reports. The 100-bed facility — scheduled to go live sometime next year — will feature a dedicated laboratory, in addition to radiology and therapy rooms.
AVIATION-
#1- Bhutan’s Drukair to launch Dubai flights: Bhutan’s flag carrier Drukair will launch a new route connecting the South Asian country’s capital Paro to Dubai starting 28 October, according to news reports (here and here). Two weekly direct flights will operate on the new route.
#2- New Uzbekistan airline Air Samarkand launched a new route connecting Tashkent to Al Ain on Sunday, the airline told the Azerbaijani news agency Trend. The initial phase will see the airline operate one direct flight per week every Sunday.
CONSTRUCTION-
#1- Alec awarded AED 1.8 bn contract by Nakheel Properties: Alec Engineering and Contracting was awarded a AED 1.8 bn contract to build Nakheel Properties’ new residential tower Como Residences on Palm Jumeirah, according to a press release (pdf). The 75-storey tower will house 81 units and is scheduled to be completed in 2Q 2028.
#2- Bright Accord General Contracting was awarded a AED 400 mn contract by Jubail Island Investment Company (JIIC) to build the commercial hub of the Jubail Island, Jubail Town Centre, Wam reports. The development will feature four office buildings and two residential buildings. Construction is scheduled to kick off before the end of this month and the project is expected to be completed by 3Q 2026.
BANKING-
UK Santander Private Banking opened its regional headquarters in the Dubai International Financial Centre (DIFC), which will focus on the needs of high-net-worth and ultra-high-net-worth individuals in the Middle East, according to a press release.
INVESTMENT-
Abu Dhabi-based private equity firm Gulf Capital joined the Abu Dhabi Sustainable Finance Declaration to facilitate the integration of sustainability into its finance and investment operations, according to its press release (pdf). The Abu Dhabi Global Market-led initiative brings together investors, financial institutions, and government bodies, among other stakeholders, to promote sustainable practices in the finance industry
Remember- Gulf Capital has previously joined the Sustainable Markets Initiative and the United Nations Principles for Responsible Investment.
REAL ESTATE-
Bayti Real Estate closed the sale for an office space at a record price per sqft in Dubai, according to a press release. The 2.88k sq ft premium office space located at The Opus, Business Bay was sold at AED 7.04k per sq ft, the highest value ever recorded by the Dubai Land Department.
