Dubai, November 9 (BNA) Informa Markets, the organizer of the leading real estate exhibition chain, Cityscape, plans to launch Cityscape Bahrain at the all-new Bahrain International Exhibition and Convention Center next year, after signing a historic agreement with the Kingdom’s Real Estate Regulatory Authority. Salad.
The agreement was signed at Cityscape International this week, which runs until November 11 at the Dubai Exhibition Center at Expo 2020 Dubai. The agreement was signed by Mr. Abdullah Abdul Rahman Al Kooheji, Director of Policy and Strategic Planning Department at the authority, and secretary of the authority. Board of Directors, and Chris Spiller, Group Director at Informa Markets.
“The debut of Cityscape Bahrain demonstrates RERA’s commitment to modernizing the real estate sector in the Kingdom. Hosting the region’s premier series of real estate exhibitions will enable us to highlight Bahrain’s multi-faceted and opportunity-packed real estate sector to investors, developers, corporate and individual buyers from across the Gulf, the greater Middle East and beyond,” said Al Kooheji.
According to Spiller, the historic agreement underscores Bahrain’s emergence as a regional real estate player with high potential, with the kingdom prioritizing the sector as a major generator of inward investment.
“Cityscape Bahrain is an initiative that is fully aligned with the National Real Estate Plan 2021-2024 in that it will help develop a sustainable real estate investment environment and contribute to the creation of an integrated ecosystem that enables and attracts global investment and expertise.”
Cityscape Bahrain will cover all aspects of the real estate ecosystem, including housing, hospitality and commercial, as well as the latest support and financing initiatives to stimulate market growth.
Global property developer Savills recently highlighted the potential of Bahrain’s office market, noting that it outperforms other asset classes with demand remaining relatively stable, and landlords being flexible to retain and attract tenants with incentives that include contributions to fit-out costs. More than 21,000 square meters of online office space have already been made available in the country this year, and another 63,000 square meters is expected to be delivered in the fourth quarter of 2022.
Our investor community is always looking for various opportunities to grow their investment portfolios. Bahrain’s focus on leading quality companies and reputable business operating standards will help it become a preferred prime location in the Middle East and an important route into the regional market. The real estate industry in Bahrain has a bright future, and we are planning to build an event that is best suited to help shape the real estate story in the Kingdom and build a long-term legacy for the sector in this unique Gulf country,” Spiller added.
The live and in-person event is held to Informa AllSecure Standards, which are enhanced health and safety standards that elevate the level of safe, healthy, productive and high-quality organized event experiences.
For more information, visit: www.cityscapeglobal.com
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