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🟡 Semafor Gulf: Millions of homes
In today’s edition: Saudi real estate developer ROSHN hits a milestone, columnist Wael Mahdi says NEOM needs a global CEO, and UAE tackles fertility.
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Analysis: NEOM needs a global CEO to thrive
With its third leader in seven years, Saudi columnist Wael Mahdi asks whether the project requires a CEO with international clout to achieve its lofty ambitions.
A rendering of The Line. Courtesy of NEOM.
UAE embraces reproductive medicine
The UAE’s investment in genomics and healthcare — plus a tiny local population bent on preservation — is making it a global fertility leader.
Torkia Mahloul, co-founder and CEO at Abu Dhabi’s Ovasave. Courtesy of Ovasave.
The Abu Dhabi Investment Authority is boosting its share in private markets
The government-run investor increased allocations last year to private equity and credit amid a global slowdown in dealmaking.
Amr Alfiky/File Photo/Reuters
Success of ‘Love Is Blind: Habibi’ reflects growing appetite for Arab reality shows
The reality show topped Netflix’s top 10 most watched non-English TV shows globally in the first two weeks after its release.
Courtesy of Netflix
Abu Dhabi’s Masdar uses COP29 for its aggressive global expansion plans
On the sidelines of COP29, the Emirate state-owned renewable energy company signed deals for projects in Albania, Azerbaijan, and Uzbekistan.
Flickr
Cigarette consumption grows in the Gulf, defying global trends
Tobacco use is on the rise in the Gulf, driven by a “strong smoking culture” and growing tourism.
Public domain stock photo
NEOM green hydrogen project on track
Despite recent setbacks for the megacity, its renewable hydrogen project is seeing higher demand than production capacity.
Analysis: Abu Dhabi goes nuclear for SMRs
As the UAE invests in tech, low carbon fuels, and chemicals, small modular reactors have become a part of its strategy for sustainable growth.
Gulf cashes in on Bitcoin boom
A young and tech-savvy population has embraced the token era.
Saudi Arabian megacity Neom replaces its CEO
The departure of the longtime CEO marks a major shakeup at Neom, which is a showpiece of Riyadh’s economic ambitions.
Adam Neumann has a $293 million Saudi real estate venture
The former WeWork CEO’s new venture, Flow, has lined up investments for its Saudi real estate project.
Analysis: Trump 2.0’s Middle East playbook
The Middle East eyes Donald Trump’s second term with a mix of hope and caution, seeing him as a potential peacemaker in a region craving stability.
Major Gulf energy companies continue LNG expansion into shipbuilding industry
South Korean and Chinese shipbuilding conglomerates are fueling demand for the Gulf’s burgeoning liquified natural gas industry.
Arab, Muslim leaders call for immediate ceasefire in Gaza and Lebanon at Saudi summit
The comments come as a deal seems increasingly remote, with fellow Gulf state Qatar halting its role as mediator between Israel and Hamas.
Kuwait limits foreign property ownership
With house prices skyrocketing, Kuwaiti officials have severely restricted who is eligible to buy property — a stark contrast to other Gulf nations attempting to lure foreign investors.
Qatar halts Israel-Hamas ceasefire mediation efforts
The move comes at a particularly uncertain moment for the region, with the US’ future stance toward the war in Gaza unclear.
Actis, Fortescue JV could ship Oman green hydrogen by 2030
General Atlantic’s sustainable infrastructure unit Actis and Fortescue JV could ship its first green hydrogen cargo from Oman by 2030.
Gulf caught in Israel-Iran escalation fears
Rising tensions between Israel and Iran cast a shadow over Gulf economic interests as the US boosts its regional military presence.