AHS Properties Acquires Shangri-La Hotel for AED 1.1 Billion

12 Jun 2026 CW Team

AHS Properties has acquired the Shangri-La Hotel on Sheikh Zayed Road for AED 1.1 billion from Mismak Asset Management, marking one of the largest single-asset real estate deals in recent history. The 43-floor, 200-metre tower, completed in 2003, was among the first five-star hotels on the corridor.

This acquisition complements AHS Tower and AHS City, forming a vertical corridor strategy that represents a substantial portion of the developer’s AED 50 billion year-end 2026 pipeline. Founder and CEO Abbas Sajwani described the purchase as a long-term investment in structurally constrained assets, reflecting confidence in Dubai’s real estate sector and global investor appeal.

The transaction does not affect hotel operations, ensuring guests continue to receive premium service while reinforcing AHS Properties’ landmark presence along Sheikh Zayed Road.

Infrastructure Urban

27 Jul 2026

Meghalaya Launches Rs 1.75 Billion Mission for Lakadong Turmeric

Meghalaya has launched Mission Golden Spice: Integrated Lakadong Turmeric Value Chain Enhancement Project, marking a major step towards establishing the state as a global centre for premium, organic and GI-tagged Lakadong turmeric.Launched at Sanchar Bhavan in New Delhi, the initiative aims to transform Meghalaya’s agricultural sector by moving farmers from traditional commodity production towards a value-driven, entrepreneurship-led ecosystem. Through a Community-Public-Private Partnership (CPPP) model, the project focuses on strengthening processing capabilities, improving market access an..

Staunch Electronics Expands EMS Capabilities Amid India’s Manufacturing Growth

Staunch Electronics India, an Electronics Manufacturing Services (EMS), Original Equipment Manufacturer (OEM), and Original Design Manufacturer (ODM), is strengthening its presence in India’s growing electronics manufacturing ecosystem through its focus on manufacturing excellence, innovation, and customer-centric partnerships.Founded in 2014, Staunch Electronics India has built over a decade of manufacturing expertise, providing electronic manufacturing solutions across multiple industries. The company offers integrated EMS, OEM, and ODM services covering product engineering, design support..

Dreamfly plans 200 MWh drone battery facility

Dreamfly Innovations has announced plans to establish a 40,000 sq ft aviation battery manufacturing facility in North Bengaluru with an initial annual capacity of 100 MWh, scalable to 200 MWh.The facility will produce advanced batteries for defence, surveillance, inspection, agricultural spraying, logistics and emerging air mobility platforms such as air taxis. The company said the project would strengthen India’s domestic drone supply chain by expanding local production of a critical unmanned aerial system component.Dreamfly currently reports indigenous content of 77% in its products. The c..