SyriaScape '08

14 - 18 October 2008
Real Estate, Industrial, Tourism, Financial, Investment & Banking Services Exhibition

Excess liquidity fuels regional
Real Estate boom

Real estate investment in the Middle East, from Lebanon, Syria, Jordan and Iraq, to the Gulf States, in markets large and small, is booming. Especially Syria in the last few years has faced hugely ambitious development projects with hundred of billion dollars. The boom is fuelled by the region's overall economic and demographic expansion and phenomenal surplus of cash generated by historical high oil prices resulting in rush to invest in the region.

Real Estate has been established
As the prime investment sector
For petro-dollars

In the past, much of the increased liquidity generated in the oil exporting nations would have been absorbed by western capital markets but since 2001, the region has been retaining a bigger and bigger slice of this capital and has seen it flow into real estate sector.

The established large markets have been getting a major portion of this wealth, but the new emerging markets are capturing more and more as other markets are saturated. Emerging markets such as Lebanon, Jordan, Iraq and most notably Syria.

Savvy real estate players from across the Middle East and especially the gulf, have sensed unprecedented investment opportunities in these dynamic markets and launched projects of unprecedented scope in them.

Syria emerging as a key
Player in the real estate sector

While regional cash is one powerful factor driving growth in Syria, from the stoke market to banking, industry, trade, hospitality and tourism, there are also other factors behind the emergence of Damascus as a regional center for real estate investment activity.

Damascus is the established haven for residence and business for a large number Iraqis plus a lot of emirates, Kuwait, Qatar, Jordan and England investment companies & investors they have made Damascus as a major decision-making hub. For investment of very substantial capital, fuelling demand for office space, housing and commercial property.

Syrian expatriates in the gulf, beneficiaries of the surging income from the oil boom, have jumped into the real estate market in Syria and surrounding countries.
Government has had a very positive impact.

And the president Bashar AL-Asad issued a lot of laws that encourage the investment and protecting investors' law.

Joining the march to open markets in the region, enticing regional and western real estate investors and attracting more than its share of foreign investment.

All these positive factors are reflected in the soaring 80% increase in real estate turnover in 2006, reaching $50.16 billion.

Syria: the right time & place
For a regional Real Estate Exhibition

With the hyper active and a very emerging market and financial powerhouses moving in to offer business –friendly banking services from finance to insurance, where better to hold a top middle-east-focused real estate fair than in the cosmopolitan, business-oriented, liberal, thriving Damascus? The city's strategic and important location offers easy access to all emerging Middle East real estate markets.

Syria is the right place for showcasing the investment opportunities in the region.

''SyriaScape '08''
Your springboard to Emerging markets

''SyriaScape '08'' will serve as a perfect platform for investment in all the region's emerging markets now seeing a rush of investors and the sprouting of more mega projects and grandiose developments, be it in Syria, Lebanon, Jordan, or Iraq.

The city of Amman has been reshaped by various construction projects: the two towers projects implemented by gulf investment house for US 1 billion, and other projects are taking place such as "Madinat Al sharq"an extension to the city of Al Zarqa, that will be developed on 250,000 sq.m.

In Iraq, property prices have raised dramatically, as local, regional and foreign investors mull speculative moves. The Daman Iraq opportunity fund, managed by Daman asset management, invested in a $2 million-plus residential project in Baghdad. Investors have already started with small projects in Iraq and recognize the potential treasure trove that Iraq is and the explosive growth it is certain to offer.