Snasco, a leading property developer in Saudi Arabia, will participation as a platinum sponsor at the International Property Show 2008.

This is the biggest transactional property exhibition in the region and will be held from February 17to 19, 2008, at the Dubai International Exhibition Centre (DIEC).

The real estate sector in the UAE is set to attract over SR30 billion ($8 billion) of Saudi investments in 2007 as the growth in interest by the global community in the local real estate industry continually soars, said an official spokesman.

The key factor driving this growth has been the emergence of significant government legislation aimed at protecting investors, which is steadily being refined to benefit more buyers.

Snasco will be participating at the exhibition for the second consecutive year, with aims of leveraging the presence of diverse regional and international attendees at the show by highlighting its ability to address specific and sophisticated requirements of customers.

During the exhibition’s three-day run, Snasco will showcase some of its latest development projects, including the Dh2 billion Sharjah Investment Centre (SIC), the first mixed-use industrial development in Sharjah, which occupies a 32 million square foot plot along the Emirates Road and is strategically located in close proximity to the Sharjah International Airport and the Hamriyah Port.

With 90 per cent of phase one already sold out, SIC offers investors a combination of industrial, commercial and residential communities, incorporating hotel facilities, leisure services, a commercial centre, and a state-of-the-art Investment Centre.

“The tremendous growth that we have achieved through our most recent development project mirrors the attractiveness of the UAE real estate landscape to Saudi investors who are looking at tapping into the region’s booming market opportunities by establishing long term investments,” said Snasco chairman Saleh Al Sorayai.

Organised by Strategic Marketing & Exhibitions, the International Property Show 2008 is set to attract buyers and investors, international and regional exhibitors, property developers, financiers, designers, real estate agents and consultants in a three-day gathering, which will feature the latest developments within the region and facilitate property purchasing within the show venue.

As proof of its extensive success, the previous edition of the exhibition has facilitated multi-billion dirham worth of deals, and catered to more than 18,764 visitors from 70 countries, which the organisers are expecting to exceed in the next edition of the show. – TradeArabia News Service