(MENAFN- Mid-East.Info) Dubai, UAE: Informa Markets, organisers of the leading Cityscape real estate exhibition series, will launch Cityscape Bahrain at the all-new Bahrain International Exhibition & Convention Centre next year, following a landmark agreement with the Kingdom's Real Estate Regulatory Authority.
Struck at this week's Cityscape Global exhibition, which runs until November 11 at the Dubai Exhibition Centre at Expo 2020 Dubai, the agreement was signed by Mr Abdulla A. Rahman Al Kooheji, the Authority's Director of Policies & Strategic Planning Directorate, and Secretary of the Board of Directors, and Chris Speller, Group Director at Informa Markets.
“The debut of Cityscape Bahrain underlines RERA Bahrain's commitment to modernising the Kingdom's real estate sector. Hosting the region's leading real estate exhibition series will enable us to highlight Bahrain's multifaceted and opportunity-laden real estate sector to investors, developers, corporates and individual buyers from across the Gulf, wider Middle East and beyond.” said Al Kooheji.
According to Speller, the landmark agreement underscores Bahrain's emergence as a high potential regional real estate player, with the Kingdom prioritising the sector as a key inward investment generator.
“Cityscape Bahrain is an initiative fully aligned to the country's National Real Estate Plan 2021-2024 in that it will assist the development of a sustainable real estate investment environment and contribute to creating an integrated eco-system enabling and attracting global investment and expertise.”
Cityscape Bahrain will cover all aspects of the real estate ecosystem, including residential, hospitality and commercial, as well as the latest prop-tech and financing initiatives to stimulate market growth.
International real estate player Savills recently highlighted Bahrain's office market potential, citing it as outperforming other asset classes with demand remaining relatively stable, and landlords being flexible to retain and attract tenants with incentives including contributions to fit-out costs. Over 21,000 sqm of office space has already come online in the country this year, with a further 63,000 sqm expected to be delivered in Q4 2022.
“Our investor community is always looking for diverse opportunities to grow their portfolios. Bahrain's focus on blue chip companies with high quality and reputable business operating standards will help it become a Middle East headquarter location of choice and an important route into the regional market. Bahrain's real estate industry has a bright future, and we plan to build an event that is best suited to help shape the Kingdom's real estate story and build a long-term legacy for the sector in this unique Gulf nation,” added Speller.
The live and in-person event is being held in adherence with Informa AllSecure, an enhanced health and safety standards that raise the bar on safe, hygienic, productive, and high-quality organised event experiences.
About Cityscape:
Cityscape, owned by Informa Markets, first took place in 2002 in Dubai and has since grown to be beyond exhibitions, to become one of the largest real estate data and media portfolios globally.
The Cityscape portfolio equips industry professionals with up-to-date material, matchmaking and micro-analysis via in person conferences and exhibitions, data trend analysis, insightful webinars, podcasts and customised articles. With a focused content & data platform, Cityscape Intelligence, and with events taking place across the Middle East, North Africa, Asia and Turkey, the Cityscape brand is tapped into the real estate market across a spectrum of markets, including Dubai, Abu Dhabi, Egypt and Saudi Arabia, and with expansions on the horizon in Europe and Asia.
About Informa Markets:
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world's leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year.
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