Dubai Investments real estate projects generate investor interest

Mirdif Hills project rendering
Updated 15 September 2017
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Dubai Investments real estate projects generate investor interest

Dubai Investments PJSC, a leading diversified investment company listed on the Dubai Financial Market, has announced that its real estate projects worth over 4.5 billion dirhams ($1.2 billion) across the UAE are generating investor interest, amidst optimistic trends in the real estate sector in the country.
Dubai Investments is currently developing the Mirdif Hills project in Mirdif through Dubai Investments Real Estate Company; Green Community DIP — West Phase 3 in Dubai Investments Park through its subsidiary Properties Investment; and Fujairah Business Center in Fujairah through Al-Taif Investment, besides a number of other residential projects.
Dubai Investments currently has one of the largest land banks in the UAE, and plans to develop projects with over 20 million square feet gross floor area (GFA) in the next two years. The land banks, owned by DI subsidiaries — DIP, DIRC and Properties Investment, includes nearly 15 million square feet GFA within DIP and at strategic locations across the UAE.
Projects, which are either in planning or finalization stage, include a tower on Sheikh Zayed Road, residential buildings in Al-Nahda, Al-Barsha, Jumeirah Village Circle, Meydan and Abu Dhabi and a hotel in Bur Dubai, among others. Other projects include expansion of The Market shopping arcade in Green Community — DIP and two residential buildings in DIP.
The current projects will boost Dubai Investments’ market presence in the real estate sector, the company said. Its assets in the sector constitute over 65 percent of its total asset mix and is worth 10.82 billion dirhams, as of June 30.
Khalid bin Kalban, managing director and CEO of Dubai Investments, said: “The UAE real estate market is characterised by strong fundamentals and the government’s strategy further accentuates its reputation as the preferred investment destination in the Middle East with ample opportunities to drive added value. The real estate projects by Dubai Investments are aimed at not only rejuvenating the sector but also boosting the strong growth potential on offer.”
He added: “As a company, Dubai Investments continues its strong thrust in developing its real estate portfolio in the UAE over the next two to three years to take advantage of renewed market interest and investor confidence, particularly in the wake of the infrastructure projects to be announced for Expo 2020.”


360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019
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360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.