22 August 2006

RealCAPITA to sponsor Cityscape Dubai 2006 and to announce an exceptional investment opportunity

RealCAPITA the real estate investment firm is the only Bahraini based company to sponsor one of the biggest International Property Investment and Development event- Cityscape 2006.

Cityscape brings together everyone in the industry under one roof to form new business partnerships, exchange views and share best practices to continue driving the phenomenal development already seen with a unified approach. Cityscape hosts the most significant investors, lenders, owners and developers along with world class property architects and designers.

This year the event will officially be the largest real estate event in the world with increased participation from the international real estate and over 25,000 square meters occupancy, last year Cityscape gathered over 23,000 participants and over $27 billion of business was conducted during the 3-day event and making it an undisputed international platform for facilitating the rapid growth of the industry.

Eman Al-Sarraf, Corporate Communications Professional at RealCAPITA said, “Although we are a new company in the market we are considered one of the strongest, and sponsoring an event such as Cityscape will add another giant step to achieving our target in being recognized not only within our market.”

Ms Al-Sarraf also added “The region's property and development sector has seen a continued increase in the past 5 years of investments from not only the region but also marked significant increase in Foreign Direct Investment (FDI) from the international community. As a direct result of this booming economy, Cityscape grew by 200% in 2005.”

RealCAPITA’s President Mr. Mohammed Al-Tawash will also be the only Bahraini speaker at the Cityscape Conference, the widely anticipated to be the largest gathering of property professionals. Where strong debates will be discussed among the movers and shakers of the real estate market such as Donald Trump Jr.

Considering RealCAPITA recent inception into the investment market as an alternative new real estate investment firm based in Bahrain, with an authorized capital of US$200 million, and a paid up capital of US$54 million RealCAPITA is considered one of the largest institutions of its kind in the region. With projects within the Kingdom such as development of gated community Amwaj Gateway, Al Jassra Compound and two 12 storey high residential towers in Um Al-Hassam “Real Suites” in addition to the major projects internationally such as the development of over 22,000 affordable housing units in Morocco. RealCAPITA true strength is in its team of industry leaders with a proven track-record in acquisitions, finance, institutional asset management, concept development and project management.

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