Turkish-GCC forum unveils real property union

The first Turkish-GCC real property investment and development forum concluded here on Thursday with an agreement to launch the joint the Islamic real property union. The union aims to revive the property market and enhance investment in this domain based on the concept of Islamic economy, said head of the union's founding board Dr. Mohammad Bin Yahya Mefreh."It will serve as a non-profit international organization for economic development with its membership consisting of major real property investors and developers, Mefreh, also director-general of Daleel investment and development, told reporters after the closing ceremony. "The conferees agreed also to launch the biggest Arabic-speaking website called Istanbul gateway with a view to serving corporate and individual investors through translation of all property related news from Turkish into Arabic," he added. The two-day gathering provided an opportunity for over 350 business celebs attending from both sides to network, share experience, build partnerships and discuss the outlook of the property market.