Several of the world's leading voices in the mortgage sector are set to gather in Bahrain for the first ever mortgage summit in the region, according to R Lakshmanan, CEO of Bahrain-based Sakana Holistic Housing Solutions.
He confirmed that a cast of global experts will address more than 100 regional and international companies from the real estate, banking and finance sectors today and tomorrow at the GCC Mortgage Summit.
"The summit comes at a timely juncture. The region's freehold real estate sector, as with most world markets, has experienced a painful time. However, the GCC's fledging industry has an opportunity to reinvent itself. This can be done with the benefit of hindsight, and with a renewed sense of how to best structure home ownership in the region."
Lakshmanan said that the mortgage sector must drive this from ground level and play a prominent role in cultivating a healthy sector based on new-world best-practices. "We are bringing decades of collective experience to the table for a straight talk on what to do, but more importantly, the what not to do," he said.
Premal Patel, executive director, Veritas Events agreed that the summit is timely. He said that it is fitting that the kingdom plays host to the summit.
