MIPIM 2010 broadens its horizons (FR)

MIPIM, the World's Property Market, together with MIPIM Horizons, dedicated to fast-growing regions, will share the billing in Cannes from March 16-19. MIPIM featuring MIPIM Horizons will highlight such markets as Latin America, Turkey and Africa. According to a recent report by Ernst & Young*, emerging countries are taking advantage of the crisis by delivering sustained growth that is attracting both domestic and international investors.

Property professionals have noted this trend, as confirmed by Nadine Castagna, Director of MIPIM featuring MIPIM Horizons: "The first MIPIM Horizons in 2008 clearly demonstrated the growing interest from international property companies in these high potential regions. By incorporating MIPIM Horizons into MIPIM for the first time this year, we offer an opportunity for all our participants to meet key new players from these areas who come to showcase their dynamic property products to the rest of the world."

Major real-estate developments from these areas will help expand the MIPIM exhibition hall this year. Flagship projects include the Sport Cities International Tunis project (Tunisia), a sports-focused real estate development, which will be presented by the Bukhatir Group. Nicaragua Developments (Nicaragua) will exhibit its luxury Seaside Mariana resort, located on the Pacific coast. The developer Sbt Juul (South Africa) will unveil the Monte project, located in the Rivers State (Nigeria) and directly inspired by traditional Tuscan villages. Other projects will be showcased by the investment firms Cedar IV C / O Renaissance Partners (South Africa), Rooya Group for Real Estate Investment (Egypt), Eria Partners Real Estate Investment (Turkey). The free zone of Ras Al Khaimah (United Arab Emirates) and the architects De Yturbe Arquitectos SC (Mexico) will also be on show.

The 2010 conference sessions will be specially designed to probe deeper into the particulars of these markets, often perceived as hard to penetrate by professionals, and highlight potential investment opportunities. For example, case studies will be dedicated to countries such as Brazil, which will promote the infrastructure to be developed for the 2014 World Cup Finals and the 2016 Olympic Games which it is hosting. Another session will focus on the extensive redevelopment plan launched in Morocco. This national program factors in sustainable development criteria and is intended to create new urban areas and open up traditional rural communities to meet the country's new needs. Egypt, Saudi Arabia, and Turkey will also be analysed.

Other major topics to be discussed in the conference programme include social housing, which is increasingly under scrutiny by governments of these countries, with the keynote given by Dr. Anna Kajumulo Tibaijuka, Under-Secretary-General and Executive Director, UN-HABITAT. As is the subject of Islamic finance, which will be dealt with by Khaled Al-Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (Saudi Arabia).

For further information about Reed MIDEM visit www.reedmidem.com.

Source:Reed MIDEM

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