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
 Jul 4 2015 - Chan hits winner as Rain or Shine levels series at 1 1Arab News
(MENAFN - Arab News) MANILA: You rarely hear Yeng Guiao talk this way. 'Only God can turn out a script write a story this way' Guiao said on Saturday night moments after his Rain or Shine crew ...

 Jul 4 2015 - Dixon shines as Highlanders storm to first Super Rugby titleArab News
(MENAFN - Arab News) WELLINGTON: Elliot Dixon scored one try and set up another for Waisake Naholo as the Otago Highlanders beat the Wellington Hurricanes 21-14 to claim a first Super Rugby title on ...

 Jul 4 2015 - Show of unity: Joint prayers held in Kuwait and BahrainArab News
(MENAFN - Arab News) KUWAIT CITY: Kuwait deployed unprecedented security measures around mosques for Friday prayers following last week's deadly bombing as the emir attended a rare Shiite-Sunni joint ...

 Jul 4 2015 - Daesh video shows mass execution in Syria's PalmyraArab News
(MENAFN - Arab News) BEIRUT Lebanon: The Daesh group on Saturday released a video showing several dozen Syrian government soldiers being executed by teenagers in the ancient amphitheater in the city ...

 Jul 4 2015 - 105 pilgrims rescuedArab News
(MENAFN - Arab News) RIYADH: The Civil Defense has rescued 105 pilgrims trapped in vehicles and buildings for various reasons since the start of Ramadan. During the first 10 days of the month it ...

 Jul 4 2015 - Sissi rallies troops after Daesh attacks in SinaiArab News
(MENAFN - Arab News) CAIRO: Egyptian President Abdel-Fattah el-Sissi traveled to the troubled northern part of the Sinai Peninsula to inspect troops on Saturday after Daesh-linked militants struck a ...

 Jul 4 2015 - Saudi equity market cap exceeds SR2 trillion in first halfArab News
(MENAFN - Arab News) JEDDAH: The Saudi stock market fell in the first half of this year. At the end of the first half 2015 Tadawul All-Share Index (TASI) closed at 9086.89 down 426.13 points or 4.48 ...

 Jul 4 2015 - Petrolimex and KPC end diesel term contractArab News
(MENAFN - Arab News) SINGAPORE: Vietnam's top fuel importer Petrolimex and Kuwait Petroleum Corp. (KPC) have ended their long-standing diesel term contract that dates back to the 1990s since imports ...

 Jul 4 2015 - Dubai airport passenger traffic up 23.2 percentArab News
(MENAFN - Arab News) DUBAI: Dubai International Airport recorded a 23.2 percent jump in passenger traffic in May reflecting runway maintenance a year earlier the operator of the world's busiest ...

 Jul 4 2015 - Bieber wows fans by climbing up a treeArab News
(MENAFN - Arab News) SYDNEY: Justin Bieber and Hailey Baldwin were spotted walking through Sydney's Olympic Park in Homebush recently. And it didn't take long for Bieber who was on his way to the ...

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