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IJM Perennial Development SDN, the developer of the Penang Waterfront Convention & Exhibition Centre (PWCC), has announced that it has commenced the search for an international venue operator to undertake sales, marketing, operations, catering and facilities management.

Nakheel reported a net profit of AED1.48 billion (USD402.91 million) for the first quarter of this year and confirmed its retail, hospitality and residential leasing business has performed solidly.

Aiming to expand its portfolio on Jumeirah Islands, Nakheel, one of Dubai's largest developers, has recently opened a waterfront retail pavilion in the heart of Dubai.

Hyatt Hotels and MNC Land have signed an agreement for Jakarta's first Park Hyatt hotel, slated to open in 2018.