Qatar’s profile as a leading investor in global real estate projects has driven a record level of participation of international exhibitors at Cityscape Qatar, according to event organisers Informa Exhibitions and q.Media.
Cityscape Qatar is taking place under the patronage of His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al Thani, Prime Minister and Minister of the Interior of Qatar. It is the region’s leading real estate exhibition and conference, and opens its door tomorrow, Monday 2nd June, at the Qatar National Convention Center. Cityscape Qatar will be inaugurated by His Excellency Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and Commerce.
Qatar’s sovereign wealth fund, the Qatar Investment Authority, currently invests roughly $50 billion USD abroad according to figures published on its website. Financial analysts estimate that roughly $10 to $20 billion is invested in real estate deals. Qatari corporate and retail investors have also contributed to Qatar’s profile.
Mr. Deep Marwaha, Group Director for Cityscape, commented, The number of high profile investments and acquisitions in recent years have established Qatar as one of the leading and most astute investor in real estate around the world. In London alone Qatar has acquired Harrods, the Shard, the Olympic Village, the former US Embassy building, Chelsea Barracks and other landmark properties. In France, an equally impressive list includes 52 Avenue des Champs-Elysees, Printemps, Virgin Megastore and a host of leading hotels. For many observers Qatar has become the international investment partner of choice.”
This investment appetite has not been lost on developers, leading a record number of firms from the region, Europe, Asia and the Americas to register at this year’s Cityscape Qatar, now in its 3rd edition.
“Qatar’s growing international real estate portfolio has had a direct impact on international participation at Cityscape Qatar, which is up from 2013, In all, 55 percent of all exhibitors are from abroad with participants confirmed from regional countries such as Bahrain, Jordan, Kuwait, Saudi Arabia, UAE and Turkey, as well as major Western markets such as the UK, USA and Spain. We also have exhibitors from as far afield as Latin America,” explained Mr. Marwaha.
Mr. Alasdair Macdonald, Senior Director of Exhibitions at Knight Knox International, who are participating at Cityscape Qatar to promote student and residential accommodation in Liverpool and Manchester in the United Kingdom, said, “We have attended numerous Cityscape exhibitions over the years – Egypt, Dubai, Abu Dhabi and Qatar to name a few – and have always found that they yield strong results and footfall, no matter their location. Qatar has always been a strong market for Knight Knox International, particularly in regards to property in the UK. Our database of investors from Qatar and the region is growing annually, something which is helped greatly by our attendance at the Cityscape events.”
Mr. Mario Bravo, General Manager of Alliance Homes, a leading real estate company based in Madrid believes that the real estate sector has enormous potential to boost bilateral trade and investments between Spain and the Arabian Gulf. He remarked, “For investors who are looking for a fresh opportunity to enter the real estate market in Europe, you might consider Spain. With prices especially low at the moment, many people are exploring the country as an option. Our team are looking forward to attending Cityscape Qatar as exhibitors, a chance for us to advise visitors on the range of properties in Spain and potentially forge valuable connections.”
Mr. Lennart Stahr, Marketing Manager for Southern Connections, a farmland management company based in the Uruguay and Paraguay is aiming to provide Qatari investors an opportunity to make high quality, stable investments in agricultural real estate in South America.
He explained, “We are very excited to be participating in Cityscape 2014 in Qatar. Market research shows that the country is looking to invest in sustainable development properties to balance its ambitious growth and infrastructure advancement plans. Investment in South American agricultural real estate presents a safe investment alternative with lucrative returns. Investors will have the advantage to benefit both from attractive yields on land utilization, as well as potential capital gains on fully managed farmland. We are here to offer an interesting investment alternative for individuals living in the Middle East.”
Cityscape Qatar 2014 is supported by its Foundations Sponsors Ezdan Holding Group and United Development Company, with Qatari Diar Construction Products Company and Mall of Qatar as Silver Sponsors.