Tribune News Network
Doha
Companies participating in the Build Your House exhibition (BYH 2021) to be held in Doha in March will extend special offers and discounts to Qataris attending the expo, its organiser NeXTFairs has announced.
The expo will be held under the patronage of Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani at the Qatar National Convention Centre from March 22 to 24, 2021.
“Companies will not only provide special deals at the best prices at the expo, but they will also extend various products and services that are hitherto unavailable in the local market,” NeXTFairs General Manager Rawad Sleem has said.
“The second edition of the Build Your House expo is going to be marked by the diversity of the participating entities in public and private sectors, as well as international companies,” he added.
The expo would help Qatari citizens who are looking to build their own houses get ideas and information about building new houses or renovating existing ones, Sleem noted. The exhibition has also become an important platform that connects visitors with contractors and consultants and to enable them to determine their options and make decisions related to the construction process, he added.
Sleem said the exhibition had attracted about 200 local and international companies competing with each other to provide special offers, various products and advanced technologies in the fields of construction, architectural design, decoration, and contracting, in addition to the technologies of smart and green buildings. The exhibition is also of great importance because of its success in bringing together the public and private sectors under one roof, which enhances service and awareness at the same time.
Sleem highlighted that the BYH 2021 exhibition would attract broad international participation from Kuwait, India, Oman, Turkey and Pakistan. He said this reflects the tremendous global confidence in the Qatari market and enhances the options for the visitors of the exhibition.
Sleem insisted that all protective measures against COVID-19 would be applied during the event to ensure the safety and health of the participating entities and visitors.
The latest edition of the BYH 2021 has more exhibitors, experts, and even new sectors, such as companies specialised in smart solution technology and green building, to provide more benefits and solutions that citizens need. In addition to organising a series of monthly webinars preceding the actual exhibition to cover various interests of the target audience and holding workshops that allow participants to build partnerships and relationships with industry leaders and specialists and obtain a certificate of participation.
Sleem said the exhibition also allocates a particular area for young designers to showcase their creative work. The competition will be held before the exhibition.
He added that the local market witnessed a growth in the real estate transactions by 36 percent, reaching QR31.21 billion in 2020 from QR22.7 billion in 2019. This reflects the recovery of the real estate market and other related sectors such as contracting, building materials, interior design, and decoration, he noted.
Also, Sleem added, government spending on significant development projects included in the 2021 budget would stimulate the real estate market’s growth, especially after Qatar has liberalised laws regulating ownership and use of real estate by non-Qataris.
As per the Cabinet Decision No 28 of 2020, the number of areas in which international investors can buy or use real estate assets has been increased to 25 areas — non-Qataris can own properties in nine areas while foreigners can free-hold real estate in 16 areas.
The decision is set to open up prospects for promising and high-return investment opportunities that benefit local and foreign investors. The government will also grant residency to owners of property worth at least QR730,000 ($200,000) as well as their families, it said. Meanwhile those owning property worth not less than QR3.6 million ($1 million) will receive permanent residency benefits including healthcare and education and investment rights in some commercial activities.
Sleem also noted that the development of citizens’ lands was a top priority in the 2021 budget. The government has set aside QR37 billion for this initiative, which would be carried out in two phases. The QR16.5 billion first phase would cover a total of 11,989 plots in 13 areas. The QR20.5 billion second phase would benefit 21,424 plots distributed over 19 areas, in addition to projects in fields such as health and education.
Sleem further explained that the development of citizens’ lands, the completion of the infrastructure projects and the projects related to the 2022 FIFA World Cup would stimulate the recovery of the construction, design, and contracting sectors.