NewGenIvf Plans $45M UAE Real Estate Investment Near Wynn Resort

NewGenIvf Group Limited, a Singaporean fertility services company, announced plans to invest $45 million in the United Arab Emirates real estate market, focusing primarily on properties near the upcoming Wynn Al Marjan Island integrated resort in Ras Al Khaimah. This strategic move marks a significant diversification from its core IVF business, targeting property acquisitions for future resale to capitalize on the region's growth prospects, particularly driven by the Wynn resort, which is expected to open in early 2027. The company has engaged UAE-based business development manager Samira Aissani to lead these initiatives and is also exploring investments in Abu Dhabi. To support this expansion, NewGen has executed a term sheet with Enclave Capital LLC as a financial adviser for an additional $45 million capital raise. Despite this ambitious growth plan, the company currently faces financial challenges, including a weak financial health rating, significant debt, and negative EBITDA. NewGen's leadership views this real estate venture as an opportunity to diversify its portfolio and generate substantial returns amid the dynamic UAE property market.