Startup Dubai

UAE-based Edgnex Data Centers, part of Dubai's Damac Group, plans to invest over 32 billion Baht ($1 billion; Dh3.67 billion) in data center projects across Thailand to meet rising demands for advanced AI and data processing capabilities. This marks Edgnex's second major investment in Thailand's digital infrastructure, following a joint venture with Poren Corp Public Company Limited. The collaboration will establish a state-of-the-art data center with an initial capacity of 5 MW, set to begin operations in early 2025. Deputy Prime Minister Prasert Chantararuangthong highlighted the investment’s potential to enhance Thailand’s digital capabilities and attract global investors, while Damac's Hussain Sajwani emphasized the commitment to support Thailand's growing digital economy. #Edgnex #DataCenters #Thailand #DigitalInfrastructure #AI #Investment #DamacGroup

To foster religious understanding among diverse segments of society, Sharjah has designated 93 mosques for non-Arab communities. This includes 74 mosques in Sharjah city, ten in the central region, and nine in the eastern region. These mosques will provide lessons, discussions, and Friday sermons in languages such as English, Urdu, Malayalam, Pashto, and Tamil. #Sharjah #ReligiousKnowledge #Diversity #CommunityEngagement

Etihad Rail has awarded Emerge, a joint venture between Masdar and EDF Group, a contract to build a 600-kilowatt peak solar PV system and a 2.56 Megawatt hour battery energy storage system at the Ghuweifat freight terminal near the Saudi border. Signed at Global Rail 2024 in Abu Dhabi, the project will provide up to 85% of the terminal's electricity and reduce CO2 emissions by over 8,500 tonnes, supporting the UAE’s Net Zero by 2050 Strategy. #EtihadRail #SolarEnergy #Sustainability #UAE #NetZero2050

Dubai developer Union Properties (UPP) has announced the launch of its Takaya project, a significant investment valued at AED 1.159 billion ($315 million). The project is projected to yield a profit of AED 200 million and is scheduled for completion in October 2027. Strategically located overlooking the Dubai Autodrome in Motor City, the Takaya project will feature a mix of residential towers, luxurious villas, and commercial spaces, catering to a diverse range of lifestyles and business needs. This development underscores UPP’s commitment to enhancing Dubai’s real estate landscape and meeting the growing demand for quality housing and commercial facilities in the area. #UnionProperties #TakayaProject #DubaiRealEstate #Investment #UrbanDevelopment

The Asian Football Confederation (AFC) announced on Thursday that the World Cup qualifying match between Iran and Qatar has been relocated to a neutral venue in the UAE, citing security concerns. Originally scheduled for Tuesday, the decision follows consultations with FIFA and other relevant stakeholders. The specific venue for the match has not yet been determined. The change comes in light of escalating tensions, including Iran's recent launch of approximately 180 ballistic missiles at Israel, leading to threats of retaliation from both sides. #WorldCupQualifier #AFC #IranVsQatar #NeutralVenue #SecurityConcerns

The UAE Space Agency is hosting the inaugural Space Research Conference 2024 from October 8 to 10 in Abu Dhabi, uniting global academics, scientists, and industry leaders to advance research aligned with UAE space priorities. Key platform for STEM students and innovators, the conference emphasizes collaboration to explore new frontiers. UAE astronaut Dr. Sultan Al Neyadi highlighted its role in advancing technology for a sustainable future. #SpaceResearch2024 #WorldSpaceWeek #UAEInnovation #STEM #CollaborationInSpace

Dubai Chambers has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB) to improve banking services for the local business community and support the international expansion of Dubai-based companies. The partnership will provide value-added banking services, including trade finance for local firms looking to access international markets and streamlined account setup for multinationals and SMEs. This initiative is part of the Global Partnerships Programme aimed at accelerating business expansion and aligns with the 'Dubai Global' strategy to attract foreign direct investment. Khalid Al Jarwan from Dubai Chambers emphasized the collaboration's role in reinforcing Dubai's position as a global business hub. Sanjay Malhotra from DIB highlighted their commitment to offering Sharia-compliant financial solutions tailored for businesses. The MoU will support the Global Partnership Programme through Dubai Chambers' international offices, contributing to the Dubai Economic Agenda (D33), which aims to double the emirate's economy in the next decade. #DubaiChambers #DubaiIslamicBank #BusinessGrowth #GlobalExpansion #TradeFinance #EconomicDevelopment

Saudi Arabia experienced a 38% rise in real estate transactions in the first half of the year, reaching 106,700 deals valued at SR127.3 billion ($33.9 billion), according to Knight Frank. Residential transactions comprised 61% of this total, increasing by 41% to nearly 91,860 sales, with their value rising by 48% to SR77.6 billion. Key drivers include the Saudi Housing Program, which supported over 96,000 families, and government initiatives promoting affordability. Riyadh saw the highest growth at 49%, outpacing other cities. By the end of 2023, homeownership is projected to hit 63.74%, exceeding government targets. The new Premium Residency Visas for foreign investors have also boosted market demand. #SaudiArabia #RealEstate #HousingMarket #Homeownership #Investment

Saudi Arabia’s Deputy Minister for International Multilateral Affairs, Abdulrahman Al-Rassi. Meeting with UN Resident Coordinator Mohamed El-Zarkani in Riyadh to discuss UN-Kingdom cooperation and mutual developments. He also met Kazakhstan's Ambassador, Madiyar Menilbekov, to review joint cooperation in various sectors. #SaudiArabia #UN #InternationalRelations #Kazakhstan #Diplomacy

The General Directorate of Civil Defense urges the public to stay cautious during thunderstorms in Saudi Arabia from Wednesday to Sunday, advising against visiting valleys and flood-prone areas. Makkah may face heavy rain and hailstorms, while Baha, Asir, and Jazan can expect moderate to heavy rainfall. The Eastern Province and Madinah are likely to see lighter rains. The Civil Defense emphasizes following safety guidelines shared through media. Autumn typically brings rain and relief from heat, according to the National Center for Meteorology. #SaudiArabia #Thunderstorms #WeatherAlert #CivilDefense #RainySeason