Bahrain’s Al Areen Park Hotel and The Land of Paradise Waterpark project located within the Al Areen development in the kingdom received a shot in the arm by the recent acquisition of a majority stake in the project by Investrade, a leading boutique investment and asset management firm.

Asyad Group, Oman’s global integrated logistics provider, is on track to develop Phase One of the Muscat International Airport Free Zone project. The company signed an agreement in December last year to manage, operate and develop the free zone.

A new community, perched on the famous Jabal Al Akhdar mountain range about 153 km from Omani capital Muscat, will come up at an estimated cost of $2.4 billion. Designs of the mixed-use project, Omani Mountain Destination (OMD), were revealed last month. It will be the sultanate’s highest altitude development at 2,400 m.

Dar Global, a leading luxury real estate development company, has announced the launch of Trump Signature Villas, a ground-breaking project within Aida, an elite gated community and premier golf destination in Oman.

United Solar Holding, a global developer of clean energy projects, has broken ground on its major polysilicon factory project being set up at an investment of RO520 million ($1.3 billion) within the Sohar Port and Freezone (Sohar).

Villeroy & Boch, a German manufacturer of ceramics, has completed its acquisition of all operating companies of the Ideal Standard Group. Ideal Standard will be integrated as a separate part of the Villeroy & Boch Group now that all necessary approvals by antitrust authorities have been received, the company said.

Eagle Hills Diyar’s new premium development in Bahrain, Marassi Park, which was completely sold out, has been completed and handed over to investors, the developer has said. The project, featuring 249 residential units, offers luxury living in the heart of Marassi Al Bahrain on Diyar Al Muharraq island.