Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Growing competition in real estate exhibitions indicates sturdiness of market - official  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 13/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - #Kuwait News Agency (KUNA)) Growing competition in real estate exhibitions indicates sturdiness of the market and an upward trend to purchase properties overseas, Undersecretary of the Ministry of Commerce and Industry Abdulaziz Al-Khaldi said Monday.

His remarks to reporters came after inaugurating Al-Nukhba (elite) real estate exhibition earlier today.

"Holding such exhibitions focuses on promoting overseas real estate, which gained back popularity after the fading away of the global economic crisis and thanks to emergent demand by Kuwaiti investors," he said, underlining at the same time the ministry's keenness to monitor such exhibitions and make sure they follow regulations.

Al-Khaldi urged citizens and expatriates wishing to own proerties, either inside #Kuwait or abroad, to make sure that proper documents are in order, pointing out that the ministry is ready to receive complaints from buyers in case a problem or inadequacy arise on the part of the company.


On her part, Chairman of Eskan Global Exhibition Group; organizer of the event, Sheikha Fatma Al-Sabah, said the exhibition this year saw vast participation in a time where "the local market is short of investment opportunities in light of soaring prices of real estate.

"The Kuwaiti market is 'overloaded' with cash liquidity that awaits safe and profitable investment opportunities, mainly in real estate," she noted.

Some 35 local and international real estate and investment firms are taking part in this year's exhibition.

 
 


Kuwait News Agency (KUNA)




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help