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The GCC real estate sector experienced a remarkable surge in 2024, with transactions exceeding $383 billion, marking a 25% annual increase. Dubai dominated the market, accounting for 54% of transactions, while Saudi Arabia followed with $75.7 billion. Population growth, particularly among expatriates, is driving demand, with urban populations expected to rise significantly by 2030.
MENA recorded 701 M&A deals in 2024, a 3% increase from the previous year, with a total value of $92.3 billion, up 7%. The GCC region led with 580 deals worth $90 billion, driven by cross-border transactions, particularly in technology and consumer products sectors. Notable deals included Truist Insurance's $12.4 billion acquisition and Saudi Aramco's $8.9 billion stake in Rabigh Refining.
I4 Solutions and Cisco are transforming AI-driven IT at Web Summit Qatar 2025, enhancing automation, security, and scalability for Qatari businesses. Their partnership supports Qatar National Vision 2030, focusing on digital transformation and enterprise innovation through intelligent automation and AI-driven solutions. This collaboration aims to optimize IT operations, strengthen cybersecurity, and enable future-ready business strategies.
Omnispay, a UAE-based fintech startup, has secured $1.5 million in seed funding to enhance digital payments for SMEs, addressing the significant gap in the GCC's $1.5 trillion B2B payments market. The platform integrates invoice management, flexible payment disbursements, and micro-lending solutions, aiming to democratize access to financial tools for underserved businesses. Since its launch in 2022, Omnispay has onboarded over 1,600 businesses and achieved rapid growth, with a 40% month-on-month increase in transaction volume.
Omnispay, a UAE-based fintech startup, has secured $1.5 million in seed funding to enhance SME digital payments. The platform aims to streamline cash flow management for SMEs by integrating invoice management, payment disbursements, and micro-lending solutions, addressing the significant gap in digitized B2B transactions in the GCC. Since its launch in 2022, Omnispay has onboarded over 1,600 businesses and achieved 40% month-on-month growth in transaction volume.
Qatar has positioned itself as a global startup hub, highlighted by the Web Summit 2025, which attracted over 25,000 attendees from 124 countries. The event featured 1,520 startups, 723 investors, and 381 speakers, with a notable 47% of startups founded by women. Qatar's Prime Minister emphasized the nation's economic shift towards private sector growth, particularly in fintech and climate technologies.
Media City Qatar has partnered with Huawei to create a smart media campus, integrating AI, cloud, and advanced storage solutions to enhance the nation's media industry. Announced at Web Summit Qatar 2025, this initiative aims to position Qatar as a global media hub, attracting international enterprises and fostering innovation aligned with Qatar’s National Vision 2030. The collaboration will provide cutting-edge resources for media companies and startups, reinforcing Qatar's commitment to technological advancement and economic diversification.
Yuno, a global payment orchestration platform, has established its regional headquarters in Qatar, partnering with Invest Qatar to support its expansion in the Middle East. This move aligns with Qatar’s economic diversification strategy and aims to enhance local talent through knowledge exchange. Yuno's platform offers over 1,000 payment methods and integrates advanced security features, positioning it strategically in the growing digital payments sector.
The Qatar Financial Centre (QFC) launched the QFC Metaverse at Web Summit Qatar 2025, a structured digital platform aimed at enhancing business engagement and collaboration in the financial sector. This initiative aligns with Qatar National Vision 2030, integrating Web3 technologies to support fintech growth, education, and international partnerships. Key features include virtual exhibition halls, event auditoriums, and customizable avatars, all designed to foster innovation and networking in a controlled environment.
Barclays Private Bank's UAE CEO, Rasha Badawi, emphasizes 2025 as a pivotal year, marking significant anniversaries in the region. The bank has experienced substantial growth in assets under management and team expansion, driven by wealth migration and complex client demands. With a renewed focus on alternative investments and a strategic presence in Asia, Barclays aims to navigate increasing competition in Dubai's private banking sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
gcc real estate transactions exceed 383 billion in 2024 driving growth
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