Gulf real estate projects worth $1.5 trillion Amlak delegation arrives in Dubai to participate in Cityscape Global

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Amlak Real Estate newspaper delegation arrived yesterday afternoon to participate in the 15th edition of the Cityscape Global Exhibition and Conference, which kicks off today with specialized media sponsorship of the global event hosted by Dubai from September 06 to 08.

Specialized sponsorship from Amlak Real Estate

On this occasion, Mr. Abdulaziz Al-Issa, head of the delegation and editor-in-chief of Amlak Real Estate Newspaper, stated that "Amlak plays its natural role in sponsoring this international exhibition because of the great weight it represents by reviewing the potential of the real estate region, and because the newspaper has a diverse and advanced publishing capabilities and has a tight spread map, whether in the form of paper or specialized electronic publishing, and the editor-in-chief of Cityscape Global 2016 represents a major platform to showcase the latest developments and projects in the real estate world, especially since the events include specialized programs and conferences aimed at addressing major challenges that face the real estate industry.

Rising demand for real estate

On the other hand, Mr. Abdulaziz Alissa, Editor-in-Chief of Amlak Real Estate, the specialized sponsor of the exhibition, predicted the expected high demand for residential, commercial, retail, hospitality, healthcare, entertainment, and infrastructure properties across the GCC; Alissa attributed this to the increase in population growth in the Gulf region increasing at a compound annual rate of 2.5 % and is expected to reach 56.9 million people, and the president of Amlak newspaper pointed to the strength of the real estate market in the Gulf, indicating the value of real estate projects under implementation in the Gulf region is about 1.5 trillion dollars until 2025, and the UAE comes in the lead with projects under design, bidding or construction worth 940.5 billion dollars, followed by Saudi Arabia in second place with projects worth 461.2 billion dollars, while Qatar ranks third with projects worth 205.8 billion dollars, and the list includes both Oman (63.5 billion dollars) and Bahrain 46 billion dollars.

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Cityscape's history is a catalyst for success

This year's edition draws strength from the success of the previous edition, where the number of exhibitors increased to 324 exhibitors representing more than 30 different countries, while more than 43,000 visitors attended the real estate forum, which witnessed giant projects valued at more than 100 billion dollars, at a time when the Gulf region is witnessing a continuous boom in the launch of new real estate and infrastructure projects, despite the significant decline in oil prices.

Cityscape's history is a catalyst for success.

The construction sector in the GCC is expected to grow between 2015 and 2018, driven by favorable economic conditions, rising government spending, population growth, a booming tourism sector, and increased government spending on construction projects.

Reports suggest that the GCC construction sector will grow between 2015 and 2018, driven by factors including favorable economic conditions, rising government spending, population growth, a booming tourism sector, and increased government spending on construction projects.

It is worth mentioning that Amlak Real Estate Newspaper signed a contract with Informa Middle East, the organizer of the exhibition, to be a specialized media sponsor due to its expertise in covering such events through its website and pages in modern media in addition to the paper edition.

It is worth mentioning that Amlak Real Estate Newspaper has signed a contract with Informa Middle East, the organizer of the exhibition, to be a specialized media sponsor.