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Asia-Middle East deals to soar
25 Mar 2008, Zuhaila Sedek

Rich pickings in Asia are attracting Middle Eastern investors and developers, just as Asian investors with deep pockets are eyeing the Mideast growth story.

To see the opportunities in store in both regions, an exhibition called Cityscape Asia 2008 will be held in Singapore from April 15 to 17.

Event director Graham Wood said backing for the show, which he described as "the world's largest business-to-business real estate event", has come from many major players around the world.

These include Limitless, a Dubai World company and global real estate developer, as well as Aseana Properties, a United Kingdom-listed company focused on opportunities in Malaysia and Vietnam.

Wood said the appetite of investors and developers for crossregional opportunities has increased significantly over the years.

Limitless chief executive officer Saeed Ahmed Saeed described Southeast Asia as "one of the most exciting and dynamic regions in the world, providing an exceptional pipeline of opportunities to demonstrate our core skills of master planning large-scale, balanced projects and waterfront developments".

Asia is home to Limitless' first international project, the US$220 million (RM704 milion) Halong Star mixed development in Vietnam's Halong Bay.

Wood said the recent announcement that Dubai International Capital plans to invest US$5 billion (RM16 billion) in Asia over the next three years is also a sign of things to come.

Cityscape Asia will highlight iconic architecture in Malaysia, Thailand, Indonesia, Vietnam, Japan and the surrounding Pacific region, as well as Singapore.

The event is an extension of the highly successful Cityscape Dubai held last year, which attracted 52,000 participants from over 120 countries.

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