17 January 2007
MUSCAT -- Mohsin bin Khamis Al Balushi, adviser at the Ministry of Commerce and Industry inaugurated the second property and finance exhibition at the Oman International Exhibitions Centre (OIEC).
The three-day exhibition is being organised by Oman International Trade and Exhibition (OITE) under the auspices of the Ministry of Housing, Electricity and Water.
Times of Oman and Al Shabiba are the media sponsors for the event.
The International Property Exhibition features around 17 exhibitors including Omani and international property developers.
Omani exhibitors include Ministry of Housing, Electricity, and Water; Al Argan Towell Investment; Allied Real Estate; Apex Press and Publishing; BankMuscat; BankDhofar; Cluttons and Partners; Hamptons Interna-tional; Oman Arab Bank; and Taameer Investment Co.
The international exhibi-tors include Halycon Proper-ties (Cyprus); Maadi for Development & Investment (Egypt); and Sadalmelik Property Management & Investments (Spain).
There are four participants from UAE namely Corinthian Publishing; MINC Property; Saudi British Property Investments; and Sama Dubai which is promoting the Yitti project.
But many visitors were surprised that big players like The Wave and Al Madina Al Zarqa (Blue City) were conspicuous by their absence.
Four exhibitors have been listed for the Money World 07 finance and investment exhibition.
These are Al Amin Securities; Muscat Insurance Co; National Securities Co; Apex Press and Publishing; and Oman International Bank.
Speaking after inaugurating the exhibition, Mohsin bin Khamis Al Balushi, adviser at the Ministry of Commerce and Industry said that it is a very interesting exhibition.
"What we have noticed is that there is an increase in the size of the exhibition. There is an awareness among local and international companies about the development of real estate in Oman. As we all notice, the phenomena of the development of real estate is really became a mature phenomena through the tangible achievements of the various projects by some companies which are already started and those which will begin shortly such as the Yitti project, The Wave and the Blue City," Mohsin said.
Mohsin further added and said: "Such exhibitions will create a real shift in the understanding and development of real estate in Oman. As far as the rules and regulations regarding property development are concerned, the legislations and rules that have been issued by relevant governmental bodies have really created this positive and encouraging environment where the local companies started developing and began getting into real estate."
Talking about international exhibitors, Mohsin said: "The participation of brotherly and friendly countries, no doubt, is a learning curve as to how they should go abroad and showcase Oman in other countries. What is important is that Omanis have become aware of the importance of investments in real estate. This exhibition will be a learning experience on where to buy, what to buy. The banking programmes also are there in the country, which encourage individual investors to buy and sell property."
Ahmed bin Saleh Baabood, associate member of OITE, has stated that the exhibition seeks to provide opportunity for investors to meet potential Omani customers who own properties elsewhere and wish to buy a property here.
He said that this year the exhibition would focus on real estate and property ownership.
A seminar in the field of real estate and investment will be held on the sidelines of the exhibition today at the same venue where banks, finance, investment and insurance companies will take part.
MUSCAT -- Mohsin bin Khamis Al Balushi, adviser at the Ministry of Commerce and Industry inaugurated the second property and finance exhibition at the Oman International Exhibitions Centre (OIEC).
The three-day exhibition is being organised by Oman International Trade and Exhibition (OITE) under the auspices of the Ministry of Housing, Electricity and Water.
Times of Oman and Al Shabiba are the media sponsors for the event.
The International Property Exhibition features around 17 exhibitors including Omani and international property developers.
Omani exhibitors include Ministry of Housing, Electricity, and Water; Al Argan Towell Investment; Allied Real Estate; Apex Press and Publishing; BankMuscat; BankDhofar; Cluttons and Partners; Hamptons Interna-tional; Oman Arab Bank; and Taameer Investment Co.
The international exhibi-tors include Halycon Proper-ties (Cyprus); Maadi for Development & Investment (Egypt); and Sadalmelik Property Management & Investments (Spain).
There are four participants from UAE namely Corinthian Publishing; MINC Property; Saudi British Property Investments; and Sama Dubai which is promoting the Yitti project.
But many visitors were surprised that big players like The Wave and Al Madina Al Zarqa (Blue City) were conspicuous by their absence.
Four exhibitors have been listed for the Money World 07 finance and investment exhibition.
These are Al Amin Securities; Muscat Insurance Co; National Securities Co; Apex Press and Publishing; and Oman International Bank.
Speaking after inaugurating the exhibition, Mohsin bin Khamis Al Balushi, adviser at the Ministry of Commerce and Industry said that it is a very interesting exhibition.
"What we have noticed is that there is an increase in the size of the exhibition. There is an awareness among local and international companies about the development of real estate in Oman. As we all notice, the phenomena of the development of real estate is really became a mature phenomena through the tangible achievements of the various projects by some companies which are already started and those which will begin shortly such as the Yitti project, The Wave and the Blue City," Mohsin said.
Mohsin further added and said: "Such exhibitions will create a real shift in the understanding and development of real estate in Oman. As far as the rules and regulations regarding property development are concerned, the legislations and rules that have been issued by relevant governmental bodies have really created this positive and encouraging environment where the local companies started developing and began getting into real estate."
Talking about international exhibitors, Mohsin said: "The participation of brotherly and friendly countries, no doubt, is a learning curve as to how they should go abroad and showcase Oman in other countries. What is important is that Omanis have become aware of the importance of investments in real estate. This exhibition will be a learning experience on where to buy, what to buy. The banking programmes also are there in the country, which encourage individual investors to buy and sell property."
Ahmed bin Saleh Baabood, associate member of OITE, has stated that the exhibition seeks to provide opportunity for investors to meet potential Omani customers who own properties elsewhere and wish to buy a property here.
He said that this year the exhibition would focus on real estate and property ownership.
A seminar in the field of real estate and investment will be held on the sidelines of the exhibition today at the same venue where banks, finance, investment and insurance companies will take part.
© Times of Oman 2007
