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Date: 08/10/2010
Cityscape Global formally unveiled in Dubai

The Cityscape Global real estate exhibition was formally unveiled by H.H. Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, the Deputy Ruler of Dubai, at 10am today.

The Cityscape Global exhibition this year will showcase properties from the Saudi Arabia, Egypt, UAE, and Jordan, amongst other places.

This edition of Cityscape brings with it improved overall confidence in Dubai, as the conglomerate Dubai World had announced last month about having secured approval from 99percent of its creditors for a debt restructuring plan.

Moreover, last week, the Dubai Government placed a $1.25bn dual-tranche bond, which was oversubscribed four times, indicating strong investor interest in the emirate.

Following formal opening on Monday, Shaikh Maktoum, made rounds of the exhibition, which will run till Thursday at the Dubai International Convention and Exhibition Center. He stopped at several stalls to look at the displays and speak to exhibitors.

This year's Cityscape Global involves participation of more than 200 exhibitors, including developers and service providers.