Monday, 4 February 2013

Real estate sector outlook reviewed

MANAMA: Capital Club Bahrain launched the first of its 2013 Business Forum series with an in-depth look at real estate investment in the Middle East.

Sponsored by Naseej, three of Bahrain's influential industry experts examined the 2012 real estate market in Bahrain and the region, and highlighted market opportunities and challenges and shed light on how to boost market growth.

The panel consisted of industry heavyweights Naseej chief executive Christopher Sims, Frank Knight Middle East chief executive Don Bradley and Bahrain Bay chief executive Robert Lee.

The general consensus of the panel was a shared optimism about the real estate climate in Bahrain for the coming year, despite an urgency to develop longer-term vision of projects, with the appropriate approvals and measures in place to safeguard stakeholders.

Market research and auditing is key in assessing successes and failures to avoid repeating mistakes and ensuring investors enter the market in a cautious and educated manner.

Capital Club's Business Forum series will take place on a monthly basis, focusing on topics that affect the business community at large. The next event will focus on the region's oil and gas industry.

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