With over US$750 billion in 2006 committed to real estate and infrastructure development projects for the Gulf region, the GCC has emerged as one of the foremost property markets in the world. Two more facts significantly enhance the market’s attractiveness: UN estimates put the region’s population at 500 million by the year 2050 and the fact that the Middle East has emerged as the third largest global cross-border investment group.
The Kingdom of Bahrain is no exception to this trend. It was the first country in the region to offer complete freehold benefits to property owners and is currently witnessing a significant northward movement in real estate and infrastructure development activity, prime examples being the Bahrain Financial Harbour, the World Trade Centre, the Al Areen Development, Amwaj Islands, amongst others.
Rapid urbanisation in various sectors such as business, entertainment and sports has been the catalyst for this enhanced growth. However, despite all these efforts, the real estate sector still remains under-explored, and both regional and international investors are now making a bee-line to capitalise on this trend.
Over the last four years, the Bahrain International Property Exhibition (BIPEX) - an initiative designed to add further momentum to this growth - has become the region’s window for real estate activity. It is focused on highlighting projects and promoting greater interaction between prospective developers, financiers and end-users.
BIPEX 2007 is now set to carry on this successful initiative in becoming an information conduit for such real estate investors and developers. In this context, I would like to invite all real estate industry stakeholders - investors, developers, clients and others - to further their interests successfully and profitably, while also significantly contributing to the increasingly beneficial future of the region’s real estate industry by participating in BIPEX 2007.
Marketing Partners
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