The Middle East region's leading developers, contractors and real estate companies will descend on Ras Al Khaimah for the 2nd RAK Real Estate and Investment Show (RAK REIS), which begins this week.
Electro Med, a leading exhibition and events management company, will host the real estate expo at the Ras Al Khaimah Exhibition Centre from May 22 to 24.
With a powerful line-up of exhibitors, the 2nd RAK REIS is poised to showcase the most prominent real estate projects across the emirate, delivering a wide array of business prospects for corporate and individual investors as well as foreign direct investments, a Electro Med official said.
As a complementary initiative to the Ras Al Khaimah government's economic development program, this year’s trade show is expected to establish new exhibition standards, particularly in participation, as the RAK REIS is now on track to top last year's crowd of 2,450 visitors.
The event also seeks to tap into Ras Al Khaimah's tourism potential, one of the primary catalysts to the emirate's ongoing real estate boom, as tourist footfall has been expected to grow from 500,000 in 2007 to 2.5 million by 2012, said Waheed Khaled, managing director of Electro Med.
"Ras Al Khaimah is fast emerging as one of the most vibrant real estate markets not only in the UAE but in the entire region. The emirate’s unique natural environments offer various lucrative property development opportunities," he noted
He said RAK REIS provides the sales platform for exhibitors to showcase their portfolio to corporate and individual investors and thus realise the immense industry potential of Ras Al Khaimah.
Sponsored by KHOIE, RAK Properties, Saraya Islands and BAZ; and co-sponsored by PMDC, Select Property and Hilton Ras Al Khaimah Resort and Spa; RAK REIS will gather personalities from the full cycle of property development, including developers, consultants, agencies, property managers, financiers and even public sector representatives.
Sultan, Property World, City Hotel, Consulting Engineering Group, Reach, and all sponsors are some of the many exhibitors confirmed at the event, which is being supported by Al Aqaria News as Media Sponsor; and Reidin.com and Eye of Dubai as Online Information Partners.-TradeArabia News Service