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Al Mattar .... to position URC as a leading developer in the
Mena region.

Leading firms head to Cityscape Kuwait

KUWAIT, November 13, 2014

Leading construction and real estate firms are heading towards Kuwait for taking part in the debut Cityscape Kuwait, the latest from the renowned Cityscape portfolio of events, which opens its doors on December 7, said the event organisers.

The three-day exhibition and conference is the latest from the world-renowned Cityscape portfolio of events and set to be the largest real estate event ever to be held at the Kuwait International Fairgrounds in Meshref, said a statement from Informa Exhibitions and Maksab Project Management.

Besides bringing the local real estate market into the global spotlight, Cityscape Kuwait will help develop the Kuwaiti market towards a new era of creativity and development, with a view of positioning the country as a forward-thinking property market on a regional level, they stated.

With less than one month until the opening, the exhibitor numbers have now exceeded 50 participants from the domestic, regional and international markets.

Participants are anticipating a premier platform to showcase their latest projects to an audience of investors and real estate professionals, and to network with the industry in a dynamic business environment.

Ranimah Al Mattar, the executive vice president of United Real Estate (URC), a leading player in the property sector in Kuwait, said that taking part in such a reputable and internationally well-known exhibition such as Cityscape Kuwait will help the company position itself as a leading real estate developer in the Middle East and North Africa (Mena) region.

"Additionally, it is a platform to showcase URC projects in an arena which hosts real estate companies and professionals as well as end users, potential customers and investors, all in one location," she added.

URC will be showcasing its latest projects including ‘Aswar Residences’, a 75-unit residential community comprising three-storey villas, in the emerging area of New Cairo in Egypt, said Al Mattar.

‘Raouche View at 1090’ is another of URC’s major residential project in Beirut, Lebanon, which is located directly across from the famous Raouche rocks.

The company will also showcase ‘Abdali Mall’, a design-led, energy-efficient mall, situated in the new downtown district of Abdali in Amman, Jordan.

Kuwadico chief executive and deputy chairman Khalil Al Abdullah pointed out that shows like Cityscape were important for developing the real estate industry.

"We were keen to participate in the inaugural Cityscape Kuwait event due to the positive experiences from previous events such as Dubai, Abu Dhabi and Cairo," he said.

Cityscape Kuwait, he said, provides a unique marketing opportunity. "The event is well known for its reputation and has become a yearly forum for investors from all around the world as well as for individuals looking for residential products," added Al Abdullah.

Sami Khaled Al Amer, the chairman of Capital Lands Real Estate Development, said the company is engaged in strengthening its position by marketing and managing real estate projects and investments, and leasing services to the owner after the purchase.

Al Amer said all its units in Jawharat Salalah 1 and Jawharat Salalah in Oman have been completely sold out. Currently the company is working on marketing Jawharat Salalah 3 and Jawharat Muscat which will showcased be at Cityscape Kuwait.

The company is also marketing other projects in Oman, he added.

Sameer Abu Shanab, senior vice president of Projacs International Kuwait, Iraq and Jordan, said: "Cityscape Kuwait plays a key role in shedding light on real estate leaders in Kuwait. The exhibition is set to have a pioneering role in both developing and supporting the industry."
 
Abu Shanab added that the company will have new products on display at the exhibition and expects a great turnout due to the golden opportunity the exhibition provides to meet prospects and potential investors from Kuwait and the region.

Ehsan Abu Nefisah, CEO and partner of Alarjowan Real Estate, said that the company will launch several of its new real estate projects  at the upcoming show.

"We expect Cityscape Kuwait to be the most successful real estate exhibition in the region considering the high  individual purchasing capabilities of Kuwaiti investors," he noted.

Ibrahm Al Saqabi, the chief executive of Al Mazaya, one of the Middle East's leading real estate companies, said Cityscape presented immnese opportunities for the participating companies.

"Clearly it is an outstanding forum to network with our peers, to ascertain trends in the sector and discuss new innovations.  It is also an excellent opportunity to reach our audience,  to identify the real estate needs of investors from both the region and from all over the world, and to explore which markets are in demand," observed Al Saqabi.

"One of the major strengths of Cityscape Kuwait is that it manages to bring together a great number of the country's most influential real estate players. It will no doubt shed a greater light on market trends and local demand in Kuwait's real estate sectors - both commercial and residential," he noted.

Al Mazaya will showcase its current projects at hand for sale and rent and will shed light on the projects in the pipeline, added Al Saqabi.

Running in parallel with the main exhibition, the Kuwait Real Estate Summit will take place on  December 7 to 8. It is the key networking event for developers, government officials, investors and financiers shaping the real estate industry to share insights and discuss important issues-TradeArabia News Service




Tags: Construction | Cityscape |

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