Real estate expo set to open in Kuwait
KUWAIT: Under the patronage of Minister of Commerce Abdul Aziz Al-Khaldi the activities of real estate and investments takes off today morning in Kuwait. The exhibition is organized by top EXP group for organizing exhibitions and conferences, in cooperation with Kuwait international fair at fair ground in Msehref. Opening ceremony will be attended by assistant undersecretary for Ministry of Commerce Sheikh Nimer Fahad Al-Malik Al-Sabah and a large number of ambassadors and social and economic personalities. The exhibition activities lasts until Saturday, May 4. Managing director top Expo group, Waleed Al-Qaddoumi focused on this exhibition which has great importance for two main reasons. The first is that it is related to the real estate sector, which is considered one of the most important economic sectors in Kuwait and the world at the current time.
The second is the current course of the exhibition has made record figures through the participation of 70 real estate, investment and financial companies. Out of which three local banks, and offers more than 200 real estate project divided over 17 countries around the world. Namely Kuwait, UAE, Saudi Arabia, Bahrain, Oman, Jordan, Egypt, Lebanon, UK, USA, Germany, Bulgaria, Georgia, Spain, Bosnia and Turkey. Al-Qaddoumi said that the previous figures had different meanings. Maybe the most important is the gain of trust once again in the real estate sector. Which proved to be the most important sector after years of international financial crisis. Other meaning for this large number of participant indicates that market is thirsty for real estate opportunities, which is today considered more safe and secure, and have better return which was very clear in the Turkish market and the European markets, which remained stable and secured.
Al- Qaddoumi said that the real estate sector is back on its right track, with respect of prices, and the quantity of projects offered and the participating companies have prepared themselves for projects and real estate products that can provide opportunities for real estate ownership, which suits the different sectors of the society. Al-Qaddoumi expressed sorrow for the absence of the Kuwaiti products in participation in the exhibition except some limited projects due to the high prices at one hand, and due to real estate laws which limited the development of those projects. He pointed to the number of Turkish companies participating, saying out of 70 participating companies, there are about 25 companies offering real estate in different parts of Turkey.
Compared to five companies offering projects in Kuwait. With respect the Turkish market, Al- Qaddoumi said that it enjoys political stability, and high economic growth, and share with us culture, region, norms and traditions. Such things have induced a large number of investors, especially from Kuwait and due to the hot political situation in many of the Arab countries, new markets have opened up in Europe, who enjoys political and economic stability, and good return on investments.
Demand has increased on real estate in markets like UK, USA, Germany, Bulgaria, Georgia, Spain, and Bosnia. Investors main concern is stability good returns. Gulf markets, demands for real estate never stops, and on top of those markets Saudi Arabia. Specially that religion tours remains basic demand for all investors. The markets of Mecca and Madina have a high place among all Muslims, and thus demand on those markets continues rising year after year. Further, the Saudi markets requires more real estate projects.
The second is the current course of the exhibition has made record figures through the participation of 70 real estate, investment and financial companies. Out of which three local banks, and offers more than 200 real estate project divided over 17 countries around the world. Namely Kuwait, UAE, Saudi Arabia, Bahrain, Oman, Jordan, Egypt, Lebanon, UK, USA, Germany, Bulgaria, Georgia, Spain, Bosnia and Turkey. Al-Qaddoumi said that the previous figures had different meanings. Maybe the most important is the gain of trust once again in the real estate sector. Which proved to be the most important sector after years of international financial crisis. Other meaning for this large number of participant indicates that market is thirsty for real estate opportunities, which is today considered more safe and secure, and have better return which was very clear in the Turkish market and the European markets, which remained stable and secured.
Al- Qaddoumi said that the real estate sector is back on its right track, with respect of prices, and the quantity of projects offered and the participating companies have prepared themselves for projects and real estate products that can provide opportunities for real estate ownership, which suits the different sectors of the society. Al-Qaddoumi expressed sorrow for the absence of the Kuwaiti products in participation in the exhibition except some limited projects due to the high prices at one hand, and due to real estate laws which limited the development of those projects. He pointed to the number of Turkish companies participating, saying out of 70 participating companies, there are about 25 companies offering real estate in different parts of Turkey.
Compared to five companies offering projects in Kuwait. With respect the Turkish market, Al- Qaddoumi said that it enjoys political stability, and high economic growth, and share with us culture, region, norms and traditions. Such things have induced a large number of investors, especially from Kuwait and due to the hot political situation in many of the Arab countries, new markets have opened up in Europe, who enjoys political and economic stability, and good return on investments.
Demand has increased on real estate in markets like UK, USA, Germany, Bulgaria, Georgia, Spain, and Bosnia. Investors main concern is stability good returns. Gulf markets, demands for real estate never stops, and on top of those markets Saudi Arabia. Specially that religion tours remains basic demand for all investors. The markets of Mecca and Madina have a high place among all Muslims, and thus demand on those markets continues rising year after year. Further, the Saudi markets requires more real estate projects.
-Kuwait Times
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