JEDDAH, 25 October 2005 — Investment opportunities in real estate projects for the Indian expatriate community were highlighted in a series of Hyderabad property shows held across Saudi Arabia recently. Jeddah alone had two such presentations, which reflected the “tremendous interest” the community had in investing in real estate projects, Mohammed Abdur Raheem, chief executive officer of Mars International, a Hyderabad-based multi-activity company, said. “The presentations aimed to highlight the emergence of Hyderabad as one of the major Asian metropolises and the prospects the southern Andhra Pradesh state capital holds for real estate investment,” said Raheem, who worked in the Kingdom’s travel trade for 20 years. He was the regional manager of STTB for the Central Province in Riyadh before he chose to return home and set up the consultancy firm.
In his presentation held at Salt N Pepper restaurant, Raheem said the company he founded was in constant touch with major builders, architects and entrepreneurs and was in a position to offer advice and guidance to investors. “Hyderabad has high potential, as it has already become a hub for IT, biotechnology, and aviation. It has already been attracting foreign investments in great measure, and multinational companies are relocating their offices there,” he said. “By 2008, Hyderabad will have one of the most modern international airports to be able to handle seven million passengers in its first year and over 40 million after the completion of all phases of the project,” he added.