The talk of the town is BIPEX (Bahrain International Property Exhibition) 2016 held in Bahrain recently. BIPEX is Bahrain’s leading property show and serves as a bellwether for the industry, providing a useful window into its current state and direction. The return of the event in 2016 was representative of the robust state of the real estate market in Bahrain.
BIPEX provides developers an opportunity to engage with investors, builders, buyers, financiers and the public, in addition to showcasing their own success stories. In 2015 BIPEX highlighted real estate assets worth US$60 billion, as compared with the figure of US$52 billion in its previous edition. The 2015 show attracted 7,322 unique registered visitors over three days, 24% of which were from outside Bahrain, including significant B2B traffic.
A key press conference on May 31st 2016 at the Four Seasons Hotel Bahrain Bay saw the launch of Bahrain’s International Property Exhibition, BIPEX 2016 as a symbol of the robust state of the real estate market along with a continued interest in Bahrain’s economy. The exhibition and forum will offer a golden opportunity for investors, development companies, financial institutions, legal institutions and consumers to showcase projects, reach consumers and discuss and make decisions in an open environment.
is a non-profit event organized by the Bahrain Society of Engineers and is led by an organizing committee of industry professionals. As Bahrain’s leading property show, BIPEX holds a significant spot in the kingdom’s real estate industry calendar of events. Being a professionally organized non-profit event, it serves as a bellwether for the industry, offers a platform to its current happenings and directions it is heading to, and promotes the region’s major infrastructures and real estate properties.
BIPEX is the perfect stage for investors, builders and buyers to discuss the difficulties facing the industry. It also provides analysis that result in timely solutions and suggestions for a more profitable future. At the same time, developers get a golden opportunity to weigh the demand and provide finance, legal norms, taxation and returns on investment information to buyers.
The organizers, The Bahrain Society of Engineers, was established in 1972 as a professional voluntary non-profit organization. It is the premier body representing engineering professionals in the Kingdom. Amongst others, it seeks to advance the profession, while striving for continuous enhancement of engineering skills of members through training and by conducting technical & professional programmes. The society aims for excellence in all its activities and promotes a code of conduct and ethics amongst its members.
The real estate industry and infrastructure development are key factors in Bahrain’s growth and economic diversification. The large pipeline of infrastructure projects in Bahrain has proven resilient in the face of global and regional uncertainties. The pick-up in momentum has been particularly evident in recent months with respect to the GCC Development Fund. The total value of projects tendered rose from USD2.2bn in Q4 2014 to USD3.6bn a year later. A further increase to USD3.8bn was observed by the beginning of March. The value of projects which have commenced rose from USD459mn in Q4 2014 to USD3.2bn as of 1 March 2016, with just over USD6bn of the GCC Fund had been allocated to individual projects.
As Bahrain’s leading property exhibition, BIPEX holds a significant spot in the kingdom’s real estate industry calendar of events. Being a professionally organized non-profit event, it serves as a doyen for the industry, offers a platform to its current happenings and directions it is heading to, and promotes the region’s major infrastructures and real estate properties.
BIPEX is the perfect stage for investors, builders and buyers to discuss the difficulties facing the industry. It also provides analysis that result in timely solutions and suggestions for a more profitable future. At the same time, developers get a golden opportunity to weigh the demand and provide finance, legal norms, taxation and returns on investment information to buyers.
Over the past decade, BIPEX has been growing significantly and has consolidated its reputation as a key international property exhibition. By attracting both established and emerging real estate companies as exhibitors and participants, it draws a range of industry specialists and analysts to contribute to its deliberations through a free flow of information and ideas. Therefore, BIPEX 2016 is expected to maintain this enviable record despite the region and world economy’s slow emergence from the oil prices downturn.