Cityscape Kuwait draws 70 exhibitors

The second edition of Cityscape Kuwait was recently held at the Kuwait International Fairground in Meshref.

Under the patronage of Kuwait Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, the event welcomed more than 70 exhibitors from 10 countries including Turkey, UAE, Saudi Arabia and Oman.

“Encouraged by low oil prices, Kuwaitis are diversifying their investments both at home and in overseas markets,” Cityscape Group Director Deep Marwaha said, noting the international participation and Kuwaiti investors seeking opportunities outside their country. “Over the last decade outward foreign investments by Kuwaitis have helped boost the Gulf country’s economic leverage in both the region and in the world. The figures speak for themselves; Kuwaitis invested nearly $14.2 billion abroad in 2007 alone. Almost 10 years later, Kuwaitis are still looking at opportunities abroad.”

One company participating in Cityscape was Agaoglu. The company opened its first international office in the region in 2013 and came to the event to showcase its real estate projects and to enhance connections with Kuwaiti investors.

“Agaoglu has experienced an increase of interest from the Middle Eastern investors due to the high quality projects being presented and the strong ties between our very similar cultures,” Agaoglu CEO Onder Halisdemir said. “As the leading real estate and the construction company in Turkey, we are proud to be a part of the growth in the Turkish real estate market offering very attractive incentives to the Kuwaiti investors.”

Cityscape sponsors also included NBK, Al Hamra Real Estate Development, Al Marjan Island and Mazaya.