Middle East's Fortune Group, Meydan LLC, ETA Star Property and US-based MGM Mirage, Amongst Many Others, will be Showcasing Their Mega Developments at the Event
SHANGHAI and SINGAPORE, May 13 /Xinhua-PRNewswire/ -- Aside from featuring world-wide real estate developers from more than 15 countries, Cityscape China 2008 -- the renowned international real estate investment and development event -- will showcase numerous high profile projects including those of US-based MGM Mirage (NYSE: MGM), UAE's ETA Star Property, Meydan LLC, and Dubai's Fortune Group. Organised by the Institute for International Research (IIR), Cityscape China 2008 will be held at the Shanghai New International Expo Centre in Pudong, China from 25 to 27 June 2008.
"According to an article published by gulfnews.com on May 4, 2008, investments are increasingly flowing from China into the Middle East market. Chinese investment in the UAE currently stands at AED 1.1 billion (US$300 million) to date. With this in mind, we know that Cityscape China 2008 is well-crafted to bring the enthusiastic Chinese investors to interact with global developers," said Mr Graham Wood, Exhibition Director and organiser of Cityscape China.
In lieu of the recent investment trend between Middle East and China, Cityscape China 2008 is poised to open up that investment avenue for those keen Chinese investors to interact with distinguished UAE/Dubai-based developers and search for high-yield investing opportunities.
"China is the most talked about economy in the world. As one of the fastest growing property developer in the Middle East and South Asia, it is only natural that we expand to new territories including China. Cityscape China 2008 provides us with a platform to showcase our projects and strengths, and also develop an association with the Chinese investors and industry peers," said Mr. Abid Junaid, Executive Director, ETA Star Properties.
Cityscape China will feature the latest in real estate developments from the world's leading and most respected development companies. These projects include:
-- The Fortune Group will be showcasing Burj Al Alam, the company's most
recent and significant project development coming up at Business Bay in
Dubai. Hailed as the world's tallest commercial tower, the Burj Al
Alam houses a shopping arcade, health and fitness centre, and a
sensational spa on its rooftop. The group's other current projects are
located at Jumeirah Lake Towers, Dubai Sports City and International
Media Production Zone. The company's current investments in Dubai real
estate is valued at close to AED 7 billion (US$1.9 billion) across
seven exclusive commercial and residential freehold projects.
-- Meydan LLC, one of the event's platinum sponsors, will highlight UAE's
incredible new iconic horseracing development. The landmark
development, which opens in March 2010, will span 76 million square
feet and feature a world-class grandstand. It will also boast a 55,000
to 60,000 capacity, and state-of-the-art dirt and turf tracks. This
project will also include five-star hotels (operated by Banyan Tree), a
world-class golf course, ten restaurants, covered car parking for
10,000, the Meydan Museum and gallery, and the Dubai Racing Club
offices.
-- ETA Star Property will feature the company's latest AED 4 billion
(US$1.08 billion) ‘green' project titled VERDE Residences and Offices.
The buildings are designed to maximize the use of wind, natural light,
geothermal mass, recyclable construction material along with energy-
efficient systems and technologies. ETA Star Property has been
developing over 30 million square feet of premium property in countries
across the Middle East and South-East Asia (including UAE), India, Sri
Lanka, Pakistan and Turkey.
-- MGM Mirage (NYSE: MGM): MGM Mirage, another platinum sponsor, will be
highlighting CityCenter -- the 76-acre urban resort destination
collaborated between eight world-renowned architects and located in Las
Vegas. Besides being one of the world's leading gaming, hospitality
and entertainment developer, MGM Mirage also owns and operates 17
properties located in Nevada, Mississippi, Michigan, New Jersey,
Illinois and Macau.
Cityscape China 2008, supported by China Commercial Real Estate Association (CCREA) and the Chinese Government via the Ministry of Architecture and Planning (CACC), is returning for the second year to Shanghai. In addition, experts from the Ministry of Construction, Zhongguancun Real Estate Chamber of Commerce, Council of Asian Shopping Malls and Bureau of Shanghai World Expo will be at Cityscape China 2008 to provide their perspectives on China's real estate and investment industry.
Cityscape China is an extension of the phenomenally successful Cityscape Dubai, organised by IIR Middle East. This three-day event also includes two high-level conferences -- Cityscape China Property Investment and Development, and World Architecture Congress China -- and an awards program, Cityscape China Real Estate Awards.
For more information about Cityscape China 2008 and all related events, please visit: http://www.cityscapechina.com .
Media contact:
Caroline Yeung
caroline@flamecomms.com
Tel: (65) 6259 3193
