The International Real Estate Department Manager at Kuwait Finance House (KFH) Ali Al-Ghannam said that investing in the field of international real estate is one of the KFH’s fruitful fields of business, since many global markets were affected by the global economic crisis in various fields, such as credit, but the value of their real estate were not affected in general and continued to achieve rewarding revenues to their owners.
Al-Ghannam, who made the previous statements during his participation in the annual meeting of the Association of Foreign Investors in Real Estate (AFIRE) in Chicago, where he represents KFH’s board membership, stated that KFH’s continuously growing international real estate portfolio manages assets worth USD 1.5 billion. He added that KFH is currently considering numerous markets that have rewarding revenues, especially in North America, East Asia, and the Gulf. He also noted that consistently observing markets and foreshadowing their future limits the investment risks, which is what KFH relies on in that field. He went on to say that KFH’s current investments are focused in Canada, America, China, Malaysia, and Saudi Arabia, since those markets enjoy governmental support, which attracts foreign investors.
Moreover, Al-Ghannam mentioned that AFIRE was founded in 1988 in Washington is considered to be the largest among real estate associations worldwide, where the meeting was attended by the representatives of leading companies specialized in real estate investments, and prominent politicians from various countries, The meeting discussed the available real estate opportunities and global economic situation, and Al-Ghannam explained that KFH represents the Middle East area, since it is considered to be one of the major real estate market titans.
Furthermore, he elaborated by saying that the organization at the beginning targeted foreign real estate investors, but its success attracted American investors too, which allowed its business to cover all real estate investment fields around the world by holding the annual meeting in February and September, in addition to the internet www.afire.org.