Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

3rd Saudi megaprojects conference to explore investment opportunities  Join our daily free Newsletter

MENAFN - Arab News - 05/09/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The 3rd Saudi Mega Transport & Infrastructure Conference will be held on Sept. 16-17 at Al Faisaliah Hotel in Riyadh head of the organizing committee and Secretary General of the King Abdullah Initiative for Green Building Faisal Al-Fadl said. The conference is part of the drive to support the Kingdom's efforts to promote the nonoil sector.

There is a growing need to establish a culture of managements for megaprojects with the global project management industry increasingly looking toward Saudi Arabia for business growth. The sector allows leading public and private sector project management firms to focus their attention on employment and investment opportunities in the region's largest construction market.

Al-Fadl said that the event's keynote address will be delivered by Minister of Economy and Planning Muhammad Al-Jasser. Other speakers will highlight the opportunities emerging in the Kingdom's large-scale projects market.

They include Saudi Aramco's plan to invest 40 billion a year over the next decade to keep oil production capacity steady and double gas production.

According to Al-Fadl representatives of the world's major project management companies believe that the Kingom's project market continues to be highly attractive. 'It is an exciting challenging and rapidly growing entity' he said.


However the resurgence of large-scale and complex projects and programs being developed in the GCC region continues to present delivery challenges to the mega project industry.

Part of the overall holistic solution is to implement tailored programs in management methodologies for mega project delivery with strategic level integrated teams comprising project owners sponsors and world class delivery professionals.

'To ensure successful delivery we need to ensure that the best global practices procedures and systems are both brought and then tailored to the market and implanted. Further with the rapid rise of major programs we need to develop intelligent procurement as the supply stretches and capacity is taken up by multiple mega programs running concurrently Al-Fadl said.

The two-day conference is being organized by MEED and supported by the King Saud Foundation. A total of more than 80 megaprojects each worth at least 1 billion are under way or planned for completion by 2030. This makes the Kingdom the Middle East's largest megaproject market by a wide margin according to MEED data.

 


Arab News




  MENA News Headlines
 Jul 26 2016 - A mouth full of crickets? Lobbyists speak up for edible insectsThe Peninsula
(MENAFN - The Peninsula) By Bradley Saacks At the Oyamel Cocina Mexicana in Washington, metal butterfly mobiles hang from the ceiling and bugs are on the menu. The chapulines tacos are jammed ...

 Jul 26 2016 - Damac's AIPO villas totally sold outMENAFN
(MENAFN) Damac Properties announced that villas in its Akoya Imagine Phase One Dubai, has been sold out, and said that the launch of the second phase is to set to start by the end of July.In detail, ...

 Jul 26 2016 - Sales of European cars in Egypt is led by Opel AstraMENAFN
(MENAFN) A report by Daily News Egypt has stated that, Opel Astra has kept its position leading sales of European cars in Egypt in Q1, registering sales of 1,776 units worth USD 49.5m.Additionally, ...

 Jul 26 2016 - TDIC picks Jawaher Saadiyat for Al Jaber building projectMENAFN
(MENAFN) Abu Dhabi-based Tourism Development & Investment Company (TDIC) has chosen Jawaher Saadiyat, a residential community, to construct Al Jaber Building.TDIC, the master developer of major ...

 Jul 26 2016 - Empower supports green economy strategy in UAEMENAFN
(MENAFN) Emirates Central Cooling Systems firm (Empower), the world's largest district cooling services provider, will back the State of Green Economy Report 2017 for Dubai Carbon as its platinum ...

 Jul 26 2016 - Epico reveals new office in Abu DhabiMENAFN
(MENAFN) Emirates Property Investment Company (Epico), the property and facilities management arm of Al Fahim Group, has launched its new office in Abu Dhabi.In detail, the office is located in the ...

 Jul 26 2016 - Wasl group completes artistic projectMENAFN
(MENAFN) Wasl properties, a subsidiary of wasl Asset Management Group, has finished work of a large art project, which will turn the facades of Karama Shopping Complex in Dubaiinto an open street art ...

 Jul 26 2016 - Saudi Al-Khodari faces net loss in Q2MENAFN
(MENAFN) Saudi construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it swung to a net loss in the second quarter due to a decrease in earnings.In detail, the company suffered a net loss ...

 Jul 26 2016 - Enhancing radiation safety, IAEA signs two practical arrangements with Russian regulatory authoritiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 26th July, 2016 (WAM) --The IAEA is to cooperate with Russian authorities in the enhancement of the country's national radiation safety standards ...

 Jul 26 2016 - 43 establishments closed by ADDED in Abu Dhabi and Al AinEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) -- Abu Dhabi Department of Economic Development, ADDED, has closed 43 commercial establishments in Abu Dhabi and Al Ain in ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help