Empire seeks to attract Saudi investments

Canada's vibrant real estate sector is eyeing investors from Saudi Arabia and the rest of the Middle East.
"We are here to attract investors to Canada's balanced real estate market, especially to the cosmopolitan City of Toronto", Andrew Guido, executive vice president of Empire Communities, said in Dubai on Sunday.
"We hope a number of investors from Saudi Arabia and the region will explore the vibrant real estate market in Canada," he said.
Empire Communities, the award-winning builder of homes in Canada for two decades, is the developer behind many outstanding communities in North America is also charting plans to deploy their expertise to build iconic properties in the emerging residential hotspots in the Middle East.
"As the central hub for the wider Middle East region and beyond, Dubai is an ideal location for us to expand our investor profile and geographic coverage. We see new opportunities in Dubai's steadily recovering real estate and resilient economy," said Daniel Guizzetti, president and CEO of Empire Communities.
"By opening our Dubai office, we want to demonstrate that we are long-term players and will be available locally to help with the evaluation and buying process and to develop strategic relationships," he added.
"Empire believes in building sustainable communities more than just great new homes and new condos. We want residents in the Gulf to experience our quality living concept, not just in Canada but also closer to them," said Guizzetti.