World’s Largest Real Estate Event is now coming to Malaysia!
Dubai, 13 October 2014 – The organiser of the renowned Cityscape events, Informa Exhibitions, has announced that the latest edition of the world’s largest portfolio of real estate investment and development events will be held in Malaysia. The inaugural launch of Cityscape Malaysia 2015 is slated for 4th to 6th February 2015 at the Kuala Lumpur Convention Centre.
Supported by the Ministry of Tourism and Culture Malaysia and Malaysia Convention and Exhibition Bureau (MyCEB), Cityscape Malaysia is an event that will put the Malaysian real estate market into international focus and aid foreign direct investment as well as domestic investment.
YB Dato’ Seri Mohamed Nazri Abdul Aziz, Minister of Tourism and Culture Malaysia said “Tourism is one of the contributors to the socio-economic development of any nation. In Malaysia, the tourism industry remains robust and is the sixth largest contributor, with a contribution of RM51.5 billion to the Gross National Income (GNI) to the economy in 2013. In Malaysia, Business Tourism is indeed an industry with huge potential for growth. The industry is expected to bring a greater flow of high-yield business visitors to Malaysia, from 5% to 8% of the total tourist arrivals by 2020. Malaysia’s value-for-money proposition, sound infrastructure, rich cultural diversity and political stability are among the main contributors to its strong economic position in the region. Its service industry is considered one of the best and friendliest in the world. Events such as Cityscape Malaysia are positive contributors in boosting Malaysia as an investment destination including revving up the MICE sector, which in turn offers tourists incentives to visit the country and attract business travelers.”
Deep Marwaha, Group Director of Informa Exhibitions said “Informa has been organising Cityscape in countries where real estate plays a significant role in the growth of the economy. The level of interest in our inaugural event in Malaysia has been very positive, and I would like to thank the real estate community for their support for the event as well as key government organisations, such as the Malaysia Tourism and Culture Ministry, and MyCEB.”
Cityscape was incepted in Dubai, a mecca of iconic and innovative property development. Since its launch in 2002, Cityscape has catapulted to being world renowned for property development showcases, facilitation of business opportunities and investments, and networking for the real estate movers and shakers. It has since expanded its event editions to Abu Dhabi, Egypt, Riyadh, Jeddah, Qatar, Kuwait, Latin America, USA and Asia.
Exhibitors who have confirmed their participation at Cityscape Malaysia are the country’s largest real estate developers, including S P Setia Bhd, UEM Surise Bhd and Eco World Development Sdn Bhd.
Commenting on their participation at Cityscape Malaysia 2015, Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise Berhad said “We are very excited to be part of such a high profile property event. At UEM Sunrise, we create world-class property developments which we are proud to be able to showcase here. As one of the leading property developers in Malaysia, we will continue to push the boundaries and develop innovative solutions to building homes which will appeal globally both in our home market and beyond”.
Eco World Development Group welcomed the first Cityscape in Malaysia. Dato’ Chang Khim Wah, President & CEO of Eco World Development Group said “Having an internationally recognised real estate event such as Cityscape take place in our country speaks volumes for the confidence and belief that the world has in our local property market and economy. As Malaysia’s fastest growing property developer, we are indeed eager to showcase our products on a global platform.”
Deep Marwaha added that “Malaysia is home to a number of spawning developments, interesting concepts with trend setting architectural and landscaping designs as well as developments incorporating eco friendliness, lifestyle living, technological advances and security measures, whether in residential or commercial properties. Cityscape Malaysia will shine a spotlight on these developments. The event will serve as a platform for developers, real estate professionals, investors and property buyers to meet and evaluate business opportunities.”
Malaysia is progressing towards its goal of becoming a high-income nation by 2020. For the second quarter of 2014, the economy maintained its growth trajectory at 6.4% and also recorded the highest year-on-year second quarter growth rate since 2011. In the World Economic Outlook (WEO) 2014, released on 8 April 2014, the International Monetary Fund (IMF) indicated that global economic activity was expected to improve further in 2014 to 2015, as global recovery continued to gain momentum, but growth process was expected to remain at an uneven speed. In the interim, the IMF had forecasted global growth at 3.6% this year and 3.9% in 2015.
The positive economic growth locally and globally will bolster Malaysia’s property sector, which is also considered one of the most promising economic activity in the region owing to its attractive property prices as compared to Singapore or Hong Kong and an assuring capital growth rate and rental yield.
Besides the exhibition, Cityscape Malaysia 2015 will play host to a plethora of knowledge-sharing and networking events including the Malaysia Real Estate Summit, the Islamic Property Finance Forum, and a series of investor round tables.
Cityscape Malaysia is organised for local and international participants and attendees from real estate developers to institutional investors, financiers, investment promotion agencies, real estate service and solutions providers, urban planners, architects and designers and property buyers. Cityscape Malaysia is supported by the Ministry of Tourism and Culture Malaysia, MyCEB, and Visit Malaysia Year 2014, with IQI as Silver Sponsor and is expected to attract over 5,000 participants and 70 exhibitors.
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