ADDED Undersecretary H.E. Al Balooshi leads inauguration of IREIS 2019 in Abu Dhabi

Real Estate

ADDED Undersecretary H.E. Al Balooshi leads inauguration of IREIS 2019 in Abu Dhabi

H.E. Rashed Abdul Karim Al Balooshi, secretary of the Abu Dhabi Department of Economic Development (ADDED), today (Wednesday, October 30, 2019) led the inauguration of the much anticipated 11th International Real Estate & Investment Show (IREIS) at the Abu Dhabi National Expo Centre. The leading program, the only real estate event in Abu Dhabi specialized to aim investors and customers rather than export visitors, will run til Friday, November 1, 2019.

ADDED along with the section of Urban Planning and Municipalities (DPM) and the Abu Dhabi Airport Free Zone (ADAFZ) are the popular government executives of this years edition of IREIS. During the three-day event, the ruling government entities and other local and global public and private organizations will establish their services, recent projects, and initiatives designed to help drive the real estate sector in Abu Dhabi and stimulate value-added investment opportunities.

Commenting on DPMs participation, H.E. Majed Ahmed Al Jaberi, Acting Executive Director, Real Estates Sector at DPM, said: Our participation in the International Real Estate and Investment Show (IREIS 2019) is in line with our plans to advance the Abu Dhabi real estate sector and increase awareness of its many strengths and leading nature, both regionally and internationally.

DPM's participation in IREIS will be themed around providing essential information for investors, real estate developers and landowners. We are targeting to reach out to our stakeholders and advance the transparency of Abu Dhabis real estates business environment, he added.

H.E concluded: For DPM, participating in IREIS is chance to interchange experiences and build strong partnerships with all the stakeholders involved in the growth of the real estate sector. This will help us all to establish our global competitiveness through innovative and distinctive projects that support a clear business development strategy served by stable policies and a clear aim for the future of Abu Dhabi."

A huge crowd of investors, industry specialists, professionals, stakeholders, and guests from all ends of the world attended the events opening day to explore the local and international property and investment markets. The exhibition will help its visitors to look at a wide spectrum of available properties, different investment options, financing sources, consultations and sorting out legal doubts, all under one roof. The yearly event will also give customers from all over the world with the best options for investment and leading insights into the market trends.

For his part, Antoine Georges, Managing Director, Dome Exhibitions, organizer of IREIS, said: The 11th edition is an exciting year for us at Dome Exhibitions. Apart from a full agenda, the 2019 exhibition has also new sections aiming on the free zones, innovations, and start-ups to further encourage the business environment and investment opportunities in the emirate. Through these recent sections and so on, we look to attract more local and international investors to Abu Dhabi. Furthermore, we are excited to have H.E. Al Balooshi leading the inauguration ceremony of this years event. We appreciate his presence as well as the involvement of ADDED, DPM, and ADAFZ, proving once again the essential role of IREIS in the property sector. The response to the latest version is overwhelming and we look forward to welcoming more guests in the future

Several associated events will be staged as part of IREIS 2019. These include the first-of-its-kind World Free Zone Expo (WFZE) Pavilion, which will work as a platform to connect free zones with onshore and offshore companies and business start-ups; the Start-up Pavilion, a new initiative launched to help start-ups; the Abu Dhabi Investment Conference 2019, a specialized investment conference that will aim on recent investment trends and potential opportunities; and the International Residency and Citizenship Expo, which will give expert advice and guidance for individuals exploring citizenship and residency opportunities, adding to those available through investment activity.

The Innovation Hub Awards 2019 to be held under the theme Creating Innovative Sustainable Environment in Investments will also occur to highlight innovative ideas across four sections of the environment, sustainable future, automation, and investments.

IREIS 2019 is supported by the Abu Dhabi Chamber of Commerce & Industry (ADCCI) and some high-profile private organizations such as the Berkshire Hathaway Home Services, Gulf Properties, Jones Lang LaSalle (JLL), and Aldar Properties, to name a few.