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 Kingdom'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
 Aug 27 2015 - Peninsula Energy in share consolidation ahead of NYSE MKT listingProactiveInvestors - Australia
(MENAFN - ProactiveInvestors)Pending U.S. uranium producer Peninsula Energy (ASX:PEN) will conduct a 40 for 1 share consolidation of its listed ordinary shares and options ahead of a listing on the ...

 Aug 27 2015 - Dubai's Al Habtoor seeks to borrow USD408mMENAFN
(MENAFN) Dubai's Al Habtoor Group is seeking to finance its property investments, and is intending to borrow USD408 million from local banks to achieve that.First Gulf Bank has stepped in to see the ...

 Aug 27 2015 - Saudi Red Sea mall unveils USD46.5m expansionMENAFN
(MENAFN) The Red Sea Mall, Jeddah's biggest shopping center, has just declared the beginning of its largest expansion project, estimated at USD46.5 million.This main stream project is considered the ...

 Aug 27 2015 - EGOTH prioritises investing in company's assets in FY 2015/2015: ChairmanDaily News Egypt
(MENAFN - Daily News Egypt) The profits of the Egyptian General Company for Tourism and Hotels (EGOTH) amounted to EGP 156m during fiscal year (FY) 2014/2015, according to the company's Chairman and ...

 Aug 27 2015 - Egypt- EGX rises minimally, remains affected by global performanceDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Stock Exchange (EGX) recovery continued for a second trading day on Wednesday, after witnessing a continuous dropping pattern. The benchmark index EGX-30 ...

 Aug 27 2015 - Mahmoud Hussein: Youth without youth in Egypt's cellsDaily News Egypt
(MENAFN - Daily News Egypt) Mahmoud Mohamed Hussein was 18 years old when he was arrested. . Today he has grown a little older, and wonders at what age he will possibly be released from prison. Like ...

 Aug 27 2015 - Egypt- Rice exports haltedDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour has issued a decision to stop exporting rice beginning in September.Abdel Nour explained in a statement ...

 Aug 27 2015 - Egypt- Boycott campaign seeks to lower skyrocketing meat pricesDaily News Egypt
(MENAFN - Daily News Egypt) campaign was launched on social media platforms in Egypt calling on citizens to boycott buying meat, in protest of the increasing prices of meat.The campaign said, on its ...

 Aug 27 2015 - UAE- DP World 1H profits increase 22%Daily News Egypt
(MENAFN - Daily News Egypt) Global marine terminal operator DP World announced that its profits for the first half of 2015 have increased by 22%, as the company handled more cargo in addition to ...

 Aug 27 2015 - Egypt- Controversial TV host Ahmed Moussa awaits court order on programmeDaily News Egypt
(MENAFN - Daily News Egypt) Controversial TV host Ahmed Moussa is facing a court decision regarding the halting of his daily programme, according to a decision issued Wednesday by the advisory board ...

more...


 






Google

Click to Apply

 
 

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