MANAMA, 13 November 2007 — Bahrain Society of Engineers (BSE) yesterday announced that the Bahrain International Property Exhibition 2007 (BIPEX 2007) is on track to open on Nov. 28-30, 2007 at the Bahrain International Exhibition Center.
Mohammed Khalil Alsayed, BSE president, said in a statement yesterday that “the Middle East has been witnessing robust growth in its non-oil sectors, with the real estate sector making a significant contribution to these impressive statistics. Investments in the real estate and infrastructure projects in the Gulf region alone are conservatively estimated at over $750 billion. This sector has greatly benefited from the consistently high oil prices and repatriation of wealth to the region, which has created large investible surpluses in the oil-producing economies of the Gulf. Because of the conducive investment climate and liberal policies in these countries, these surplus funds are being invested in large real estate and infrastructure projects.”
“The Kingdom of Bahrain is no exception to this trend. It was the first country in the region to offer complete freehold benefits to property owners and is currently witnessing a significant northward movement in real estate and infrastructure development activity. BIPEX was conceptualized as we realized the need for an information conduit for property buyers, developers, financiers and real estate agents. Through BIPEX 2007 we aim to continue bringing together regional and international investors and real estate developers under one roof, showcasing a full spectrum of services required to make investing in real estate easy and putting the spotlight on the various development in the Kingdom,” he added.
BIPEX 2007 will highlight the fast-changing international real estate scenario with particular focus on the Middle East.
targeting investors, exhibitors and consultants alike.
Jameel Khalaf Al-Alawi, director of conferences, BSE, said: “Over the last four years, the BIPEX has acted as a catalyst in accelerating the region’s growth and has also served as a window for real estate activity in the region. It is focused on highlighting projects and promoting greater interaction between prospective developers, financiers and end-users. BIPEX is among the leading exhibitions where buyers and sellers from around the globe meet to maximize on the available investment opportunities. Furthermore, it gives us immense delight to announce that our entire exhibition area has already being sold out.”