Over 500 delegates and 60 industry experts will attend the Arabian World Construction Summit (AWCS) 2009 to discuss the changing face of the region’s construction industry in light of the global economic downturn.
To be held from 9-11 February at the Emirates Palace Hotel, Abu Dhabi, UAE the summit will witness experts deliberating on key factors that will help the industry tide over the toughest crisis in more than 10 years.
Richard Thompson, Editor for MEED, said: “The construction industry in the region has enjoyed dynamic growth over the past few years but we have witnessed demand stagnating for the first time in a decade following the global economic situation. This is compounded by master developers placing projects on hold to focus more on riding out the current conditions and meeting tight deadlines for developments already underway.”
Key industry leaders who will lead panel discussions at AWCS 2009 will include Abdul Majeed Al Fahim, Chairman of Pearl Dubai, Ali H. Kolaghassi, Vice-President – Corporate Business Development with Saudi Oger, Sami Asad, Chief Operating Officer of Aldar Properties, and Mounir D. Haider, CEO of Sorouh Real Estate.
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Construction Week Online reports “The parks will be located in residential areas and will create more than 60,000 square metres of public space, the municipality said.”
Construction of the parks is set to start in September 2009
[SOURCE: Design News from Construction Week Online – ‘Abu Dhabi approves public park plans’ ]
Trade Arabia reports “The Tiger Woods Dubai, a member of Tatweer Dubai, has successfully completed bulk earth works at the 55 million sq. ft. golf community development, enabling the project to progress to the next phase of construction.”
[SOURCE: Trade Arabia - Middle East business information ]
Gulfnews reports “WS Atkins, a leading British engineering consultancy firm, have laid off 170 professionals, bringing the total number of redundancies in Dubai to well over 3,200.
Around 35 people had also been sacked from WSP and 15 from the Burj Dubai project at Hyder Consulting. Al Shafar General Contracting also shed nearly 1,000 staff members.”
[SOURCE: Gulfnews: Job cuts on the rise in Dubai]
Khaleej Times Online reports
“The Abu Dhabi Vision 2030 document released on Wednesday last has come in as a morale booster amidst the all-pervasive economic gloomy signals, but the real challenge will be in the execution of the remarkable programmes envisaged in it, according to an expert.”
[SOURCE: Khaleej Times Online - Abu Dhabi’s Vision 2030 Boosts Morale, but the Challenge will be in Execution].