First-ever property exchange planned
Complex Made Simple

First-ever property exchange planned

First-ever property exchange planned

A Canadian firm and a Saudi Arabian company have announced plans to create the first global real estate securities exchange, with the first group of exchanges slated for autumn of 2012 in Dubai, Canada and London. Saudi's International Real Estate Exchange Group (Irex) and Canada's egX are teaming up to create Irex Group, which will build and operate a securities marketplace for listing and trading of real estate assets in the world's key financial hubs. The first three exchanges are expected to be launched in 18-24 months.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved