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.
Source: Bahrain News Agency