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NewGen Establishes New Joint Venture Dedicated to Real Estate Development in UAE
An agreement signed between NewGen and BNW will establish a joint venture to develop NewGen’s recently acquired plot of land in Ras Al Khaimah’s Beach District, UAE Feasibility studies indicate potential net returns for NewGen of up to US$67 million BANGKOK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- NewGenIvf Group Limited (NASDAQ: NIVF) (“NewGen” or the “Company”), a comprehensive fertility services provider in Asia helping couples and individuals obtain access to fertility treatments, today announced
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[{"type":"text","content":"An agreement signed between NewGen and BNW will establish a joint venture to develop NewGen’s recently acquired plot of land in Ras Al Khaimah’s Beach District, UAE","length":164,"tagName":"p"},{"type":"text","content":"Feasibility studies indicate potential net returns for NewGen of up to US$67 million","length":84,"tagName":"p"},{"type":"text","content":"BANGKOK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- NewGenIvf Group Limited (NASDAQ: NIVF) (“NewGen” or the “Company”), a comprehensive fertility services provider in Asia helping couples and individuals obtain access to fertility treatments, today announced that it has established a new joint venture dedicated to the development of its strategic plot of land in Ras Al Khaimah’s Beach District, UAE. The joint venture marks a significant milestone in NewGen’s diversification strategy, positioning the company to capitalize on the thriving UAE real estate market. NewGen will hold 60% of the joint venture.","length":600,"tagName":"p"},{"type":"text","content":"NewGen’s subsidiary, NewGenProperty Limited (“NewGenProperty”), entered into a definitive Joint Venture Agreement (“JVA”) with BNW Real Estate Development LLC (“BNW”), a prominent real estate developer in Ras Al Khaimah and Dubai, UAE. The joint venture will focus on developing the Company’s previously acquired plot in the region. The JVA follows the previously announced signing of a Memorandum of Understanding (“MOU”) between the two companies in July 2025.","length":462,"tagName":"p"},{"type":"text","content":"Transformative Revenue Opportunity","length":34,"tagName":"p"},{"type":"text","content":"The real estate development venture presents substantial financial opportunities for NewGen. Based on a feasibility study prepared by BNW, the project is estimated to complete 2028 and generate net returns of up to US$67 million for NewGenProperty, representing a remarkable 272% return on investment. This projection assumes a sale price of approximately US$817 per square foot, with a total saleable area of 527,753 square feet.","length":430,"tagName":"p"},{"type":"text","content":"The revenue potential from this single real estate project represents a fundamental shift in business focus for NewGen, potentially contributing substantial non-dilutive capital that can be reinvested and used for further strategic expansion. The partnership str...