Consul General Frank R. Cimafranca graced the first-ever Filipino property exhibition in the MENA region held at the Dusit Thani Hotel last April 25-27, 2013.
The Consul General said that the “Philippine government witnesses a growing demand for back-up plans among OFWs especially in countries that lack social security for expat workers. We encourage Filipinos to think of their future and invest their money wisely. This is a good time to invest while the peso value in dirham is still at its most stable level.”
Tamer El Sherbini, Managing Director of Alpha Conferences which made the property show possible was quoted in a report saying “We foresee success in our first venture with the Filipino expatriate community and envision Pinoy Property Show to be an annual event in Dubai. A second sequence will be held in Jeddah, Kingdom of Saudi Arabia sometime in October this year. Filipinos form 4.3 per cent of the overall population in the UAE alone and there is about 1.5 million in Saudi Arabia, which make up the fourth largest group of foreigners in the country. The launch of the Pinoy Property Show will cater to a big population in the Middle East.”
The three-day show yielded 1,550 quality visitors, 38 maximum sales for one exhibitor with 7 as minimum sales.