The Kingdom's economic boom coupled with growing urbanisation made it an attractive destination for foreign investments in various sectors, particularly the property market. Sound and contemporary legislation protecting the rights of investors, citizens and State fuelled the sector's growth, said Shaikh Khalid bin Abdulla Al Khalifa, the Minister of the Prime Minister's Court.
He was speaking at the fifth edition of Bahrain International Property Exhibition (BIPEX), which kicked off yesterday with a record 96 participants from across the globe. BIPEX is the first-of-its kind event organised by professionals in the industry, the Bahrain Engineers Society, to create an ideal environment to streamline and enhance the flow of investment into the region.
Property markets players of the Kingdom avowed that the real estate market was safe from the global credit squeeze and that it would emerge stronger in the medium and long term. "Credit squeeze will be over in a few months even as global markets are already showing signs of recovery," said Mohammed Khalil Al Sayyed, Chairman of the BIPEX organising committee.
"The manner in which the government has been formulating and implementing key regulations to attract foreign investments that contribute to the socio-economic development of the Kingdom is truly commendable," said A. Majeed Al Gassab, the society president.
"Bipex is today among the leading exhibitions where buyers and sellers from around the globe meet to maximise investment opportunities."
Property market players from the United Kingdom, India, Portugal, Philippines, UAE, Kuwait, Oman, Saudi Arabia, Qatar, Jordan, in addition to those from Bahrain were participating in the 2008 edition of the property exhibition.
The exhibition, which is supported by the Bahrain Chamber of Commerce and Industry, is expected to surpass last year's achievement, when over $38 billion worth of real estate assets with 70 exhibitors were displayed to over 12,000 visitors.
He was speaking at the fifth edition of Bahrain International Property Exhibition (BIPEX), which kicked off yesterday with a record 96 participants from across the globe. BIPEX is the first-of-its kind event organised by professionals in the industry, the Bahrain Engineers Society, to create an ideal environment to streamline and enhance the flow of investment into the region.
Property markets players of the Kingdom avowed that the real estate market was safe from the global credit squeeze and that it would emerge stronger in the medium and long term. "Credit squeeze will be over in a few months even as global markets are already showing signs of recovery," said Mohammed Khalil Al Sayyed, Chairman of the BIPEX organising committee.
"The manner in which the government has been formulating and implementing key regulations to attract foreign investments that contribute to the socio-economic development of the Kingdom is truly commendable," said A. Majeed Al Gassab, the society president.
"Bipex is today among the leading exhibitions where buyers and sellers from around the globe meet to maximise investment opportunities."
Property market players from the United Kingdom, India, Portugal, Philippines, UAE, Kuwait, Oman, Saudi Arabia, Qatar, Jordan, in addition to those from Bahrain were participating in the 2008 edition of the property exhibition.
The exhibition, which is supported by the Bahrain Chamber of Commerce and Industry, is expected to surpass last year's achievement, when over $38 billion worth of real estate assets with 70 exhibitors were displayed to over 12,000 visitors.
Source - Bahrain Tribune [24 October 2008]
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