Latest news with #RealEstateDevelopers
Zawya
19-05-2025
- Business
- Zawya
Major Gulf real estate firms rush to Kuwaiti market
KUWAIT CITY - Less than two weeks after the Council of Ministers approved a draft decree-law for amending certain provisions of Law No. 118/2023 regarding the establishment of companies to create, and economically develop cities or residential areas, also known as the 'Real Estate Developer Law', sources revealed that major Gulf real estate development companies are rushing into the Kuwaiti market to seize the opportunities presented by the new law. They explained that some companies have already started studying the Kuwaiti market to assess available opportunities and the economic feasibility of entering the market. Meanwhile, several companies have already entered Kuwait, and have begun recruiting and building their organizational and legal structures to conduct operations. Among the companies entering the local market is a Saudi company (unnamed by the sources) listed on the Saudi Stock Exchange. The sources confirmed that the total construction area developed by the company in Saudi Arabia exceeds 6 million square meters, in addition to a total of 18,000 housing units, some of which are still under construction. They believe that the development of real estate and housing legislation in Kuwait, the government's commitment to reducing citizens' waiting time for housing, and the involvement of the private sector in resolving the housing issue have all paved the way for many real estate companies to enter the Kuwaiti market. The sources emphasized that this will create real and intense competition, which will positively impact the quality and prices of housing units, as well as the services provided to citizens.
Zawya
15-05-2025
- Business
- Zawya
Tarek Nour Events unveils details of The Real Estate Expo at press conference during exhibition launch
Cairo – Tarek Nour Events, a regional leader in exhibitions, conferences, and experience-driven event curation, held a press conference during the inauguration day of the first edition of The Real Estate Expo,under the slogan of ' Real Estate, Real Investment', running from May 15 to 18 at the Egypt International Exhibition Center (EIEC) in New Cairo shaping the future of real estate in Egypt. The conference brought together top real estate leaders, Shedding light on the exclusive offers and unprecedented payment plans tailored to property buyers and investors, the press event offered an overview of the exhibition's highlights. Speakers emphasized the Expo's role in energizing the local real estate sector, attracting new investment, and providing an interactive platform to showcase projects and explore untapped opportunities in the Egyptian market. With participation from more than 20 of Egypt's most prominent real estate developers, The Real Estate Expo is positioned as a fully integrated property initiative catering to those seeking residential, coastal, administrative, or commercial units. The event serves as a powerful connector between developers and customers, offering curated real estate experiences across diverse project types and market segments. Setting a new benchmark for industry showcases, the inaugural edition of The Real Estate Expo emerges as a premier destination for Egypt's leading real estate developers and investors. The event brings together top-tier market players under one roof, creating a dynamic platform for growth, strategic collaboration, and investment opportunities. Exclusive offerings include discounts of up to 50% on cash payments and installment plans of up to 12 years with no down payment. Notable participating developers include Palm Hills, Ora Developers, Hassan Allam Properties, Tatweer Misr, Hyde Park Developments, Al-Ahly Sabbour, Wadi Degla, Better House,PRE Developments, Roya Group Developments, Inertia Egypt, and People & Places. Additional participants include International Real Estate Development, Living Yards Developments, The Ark Development, Najma Walk, Reedy Group, NTG Development, Enwan Developments, M Squared, Frontline Development, New Town Group, along with leading real estate broker Y the Brokers. About Tarek Nour Events Formerly known as the Arab African Promotional & International Conferences Group (AAPIC), Tarek Nour Events was established in 1983 and has since become a trailblazer in exhibitions, conferences, and event innovation across the Middle East and Africa. Combining creative insight, business acumen, and meticulous attention to detail, the company's dedicated team transforms bold ideas into memorable experiences—seamlessly executed from concept to reality.
