Bahrain International Property Exhibition (Bipex) 2009 will organise an interactive technical property seminar, an initiative that will provide technical details on finance, taxation and legal norms to potential investors.

The sixth edition of Bipex will run until October 16 at Bahrain International Exhibition Centre.

The high-profile opening ceremony was attended by senior dignitaries, government officials, organizers, sponsors, exhibitors, investors and the media.

“Bipex 2009 comes at a time when the world is adjusting and fine-tuning to changing economic conditions, with regional governments stepping in to stabilise the markets, in particular the real estate sector,” said Abdulla Janahi, vice president, Bahrain Society of Engineers, organisers of the event.

“Fortunately, due to its strong foundation and the proactive measures taken by the Bahraini government, the Kingdom’s real estate sector did not experience the kind of decline in its macro-economic aggregates that many other markets were subject to over the past year, although one cannot deny the obvious slow-down in property dealings and developments as a direct outcome of tighter liquidity conditions,” he added.

Janahi said the current edition of Bipex has come at an opportune time to make a significant contribution in charting the future course of the industry, both in the near and long term.

Mohamed Khalil Alsayed, chairman of Bipex 2009 organising committee, said: “The encouraging response to Bipex from various stakeholders in the property market is definitely a clear validation of the growing reputation of Bipex as one of the region's leading property exhibitions and the ideal platform to meet, exchange notes and seal deals.”

“We are confident Bipex will be successful in attracting buyers and sellers from around the globe to maximise investment opportunities. The current edition of this major non-profit property event continues a successful tradition of taking a dispassionate look at the real estate and property market, catalyzing its growth by predicting future trends and allowing the public the opportunity to participate in Bahrain’s development story,” he added. – TradeArabia News Service