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
 Nov 25 2014 - Saudi- Thousands register for national science innovation programArab News
(MENAFN - Arab News) As many as 100000 Saudi students across the country have registered for the National Olympiad Science Innovation (NOSI) program for the year 2015 under King Abdul Aziz and His ...

 Nov 25 2014 - Moroccan Minister of Higher Education Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Moroccan Minister of Higher Education and Scientific Research Lahcen Daoudi met Tuesday with Qatar's Minister in Morrocco Abdulla Falah Abdulla Al-Dosari. They discussed bilateral ...

 Nov 25 2014 - President of Djibouti Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) President of the Republic of Djibouti Ismail Omar Guelleh met here Tuesday with HE Qatar's Ambassador to Djibouti Jassim Jaber Jassim Sorour and a delegation of Qatari Diar ...

 Nov 25 2014 - Minister of State for Defence Affairs Meets Kuwaiti Environment OfficialQatar News Agency
(MENAFN - QNA) HE Minister of State for Defence Affairs Major General Hamad bin Ali Al Attiyah met Tuesday with Chairman of Board of Directors of the Kuwaiti General Environment Authority Raja Daud ...

 Nov 25 2014 - UAE's News Corp to buy USD30m stake in Indian property siteMENAFN
(MENAFN) Rupert Murdoch's News Corp has bought a minority stake in Indian property start-up PropTiger.com for USD30 million, which was the largest investment media group in the country and the latest ...

 Nov 25 2014 - Oman's Octal signs 20 contracts with SMEsMENAFN
(MENAFN) Oman's Octal, the world's leading clear rigid food packaging material supplier, announced it has signed 20 contracts with local businesses and small and medium enterprises (SMEs), Times of ...

 Nov 25 2014 - Dubai Chamber exports hit USD65.59 in Jan.-OctMENAFN
(MENAFN) Dubai Chamber of Commerce and Industry's total value of exports reached USD65.59 billion during the January-October period of 2014, registering an annual growth of about 1 percent compared ...

 Nov 25 2014 - Qatar launches first of 3 new economic zonesMENAFN
(MENAFN) Qatar announced it has launched the first of three new special economic zones established to help the country with diversifying its economy, Arabian Business reported.The Ras Bufontas ...

 Nov 25 2014 - UAE, China consider establishing joint investment fundMENAFN
(MENAFN) The UAE's Ministry of Economy said that it is looking to set up a joint investment fund with the government of China, which will be focused on investing in clean energy since it is an area ...

 Nov 25 2014 - Permanent stress may lead to mental disordersKhaleej Times
(MENAFN - Khaleej Times)  Permanent stress can activate immune cells that can cause changes in the brain, leading to mental disorders such as schizophrenia, shows a study. The researchers focused ...

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