MIPIM 2007 : Middle East Presence Rises

Qatar, Abu Dhabi and Saudi Arabia will be exhibiting for the first time at the 18th edition of MIPIM, the world's property market. This development reflects the region's ongoing vibrancy and confirms that MIPIM continues to expand its international appeal. Eastern and Central European companies are also experiencing spectacular growth while some countries such as Singapore, Mexico, India and Brazil are starting to emerge strongly.

MIPIM continues to expand its international appeal.

"MIPIM's international dimension has never been so obvious, with the emergence of new territories from all around the world," says Nadine Castagna, Director of MIPIM. "We are seeing dramatic growth in interest from the Middle East. In addition to all the new exhibitors, MIPIM will once again welcome growing delegations from the major property companies from France, the United Kingdom, Germany and Italy."

Among Middle Eastern exhibitors, the following new exhibitors are heading to MIPIM for the first time:

Qatar is making a noted debut in the shape of Qatari Diar Real Estate Investment & Development Company. This developer/investor will showcase its monumental 'Lusail' project for a new city covering 35km² with a potential population of 200,000 inhabitants. Abu Dhabi from the United Arab Emirates will be attending for the first time with two developers: Al Qadra Real Estate and Manazel Real Estate,
and the Tanmiyat Inv Group developer will represent Saudi Arabia.

Dubai, a Middle Eastern pioneer at MIPIM in recent years and now sharing the billing with these new countries, will present ever more ambitious property projects. The developer/investor Emaar will exhibit its Downtown Burj Dubai project, a 700 metre, 160-floor tower slated as the tallest in the world. Three new developers - Trident International Holdings, Pearl Properties and Dubai World Trade Centre – will also be attending. Other new exhibitors are expected, especially from Bahrain.

MIPIM 2007 demonstrates how Middle Eastern investors are now keen to develop internationally. They have been stepping up their investment in foreign real estate projects in new markets, after financing extensive building projects in their own countries. Examples include Qatari Diar Real Estate Investment & Development Company, which has projects in the Seychelles and in Cuba, and Emaar with investments in India, the United Kingdom and the United States.

Another tendency at MIPIM 2007 is the growing attendance from Central and Eastern Europe which this year is showing an important attendance growth.

With an attendance increase of 60% compared to the same period last year, the Russian Federation is offering a broad panel of new exhibitors, including developers, builders and investors such as Mirax Group - which will be showcasing its "Federation Tower" building project, set to be the highest tower in Europe in the new Moskva City business district. Others MIPIM attendees include the Don-Story Group of Companies, Renova–Stroygroup, and OOO Stroyinvest. Among cities exhibiting, will be newcomers such as Kaliningrad represented by Unona, joining up with Saint Petersburg, Moscow and the Krasnodar Krai region which attended last year.

Ukraine is boosting its visibility compared to last year by doubling the number of exhibiting firms which include : CSC Geya, Fim Consulting Plus, Ground Capital Ltd, Kyivmiskbud Group, Lybid Investment Company Ltd, Saint Sophia Homes Ltd, and Ukrainian Construction Development.

One of the major Czech Republic developers - Sekyra Group A.S. – will be attending MIPIM for the first time, along with the city of Usti Nad Labem, which will join up with Prague, Ostrava and Brno from last year.

For Poland, the city of Gdansk is joining up for the first time with Warsaw, Poznan, and Wroclaw on a shared stand.

Slovakia will feature the city of Bratislava and two developers - Real Spektrum A.S and HB Reavis. The developer Grunt A.S. will be a newcomer at MIPIM 2007.

Romania is expanding its attendance with two new exhibitors - SC Euroholdin

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