“Consultants and contractors shed staff in wake of collapsing real estate sector.
Dubai-based consultants and contractors are now laying off thousands of staff, as increasing numbers of projects are being shelved in the wake of the collapse of the real estate sector.”
read the full article @ the [SOURCE: MEED – Dubai-based firms announce thousands of redundancies].
The National Newspaper reports
“Construction companies are restructuring salary packages and relocating staff within the Gulf to try to counteract the slowdown in Dubai and avoid redundancies.”
read the full article @ the SOURCE: The National Newspaper – Property firms adapt to tough times
Pamela Buxton of Building Design reports
“US architect Paul Nakazawa found his forte was coaching others to make the most of their talents. With a client list including Morphosis and OMA, here he talks to Pamela Buxton about how to survive the downturn”
read the full article @ the [SOURCE: Building Design – Nakazawa’s practical magic]
MIPIM, the World’s Property Market, is set to welcome an unparalleled line-up of leading international architects as part of its 20th edition conference programme, to be held in Cannes from 10 to 13 March. For the first time, Zaha Hadid, Daniel Libeskind, Thom Mayne, Wolf Prix, Kazuyo Sejima and Ryue Nishizama will share the same stage, on Wednesday, March 11 at 4:15 pm, as they discuss design and urban planning issues, and offer their respective vision of tomorrow’s architectural practices.
Read more @ MIPIM 2009 – The world’s property market.
Arabian Business reports
“Disputes between contractors and developers over unpaid contracts in the UAE are close to “breaking point” as liquidity dries up in the real estate market, according to a construction lawyer in the country.”
read the full article @ the SOURCE ArabianBusiness.com – ‘Significant’ rise seen in UAE contract disputes
Architect’s Journal reports “RMJM Hillier – the North American division of RMJM – has announced that the company will now operate under the name RMJM.”
Scotsman.com reports that RMJM has appointed Eric Allan as the new European commercial director to drive its continuing growth.
[SOURCE: Architects Journal – RMJM Hillier renamed RMJM].
[SOURCE: Scotsman – RMJM reveals new director]
Arabian Business.com reports
“International architecture firm Woods Bagot, the company designing Nakheel’s one kilometre tower, has made a number of staff redundant in the last few weeks as business slows in the face of the global real estate slump.”
Read the full article @ the [SOURCE: Arabian Business – Nakheel Tower design firm cuts jobs ]