PRZOOM - /newswire/ -
Doha, Qatar, 2013/04/22 - Major opportunities still exist in GCC construction markets despite continuing delivery issues related to current projects. In a new report of Deloitte, it said opportunities remain prevalent in Saudi Arabia, Qatar, Abu Dhabi and Iraq beyond 2012.
The report also indicated that longer term infrastructure investment plans for the region are estimated to be worth in excess of $1trn. In view of the recent news, Saudi Arabia and Qatar have emphasized the need for enhancing political consultations and exchanging views in order to have a joint vision to confront the challenges facing the region.
While the global economy is in transition, regions like Qatar and Saudi Arabia are ushering in a series of changes, new economic policies and innovative strategies to further boost its economy. These changes, along with fundamental economic strengths, will allow them to play a greater role in global market whilst achieving its objective of sustainable growth and development.
The enormous architecture and design driven market existent in Qatar, in light of the winning bid for FIFA World Cup 2022, as well as in Saudi Arabia, has resulted in identifying these regions as primary boom markets in the real estate segment. With several ongoing projects and many more in the pipeline, it has been identified that key concerns within the Qatari and Saudi Arabian market is compliance with green building norms and a possible shortage in sourcing supplies.
It is these projections and trends which cement the timeliness of a summit that will address these issues. Design Mission Middle East 2013 (designmissionme.com) taking place on June 4th and 5th at the Grand Hyatt Doha, gathers up to 120 leading Architects, Interior designers, Design professionals, Hoteliers, Real estate developers, Project managing consultants, Engineers, Contractors and Sustainability experts involved in premier projects from Qatar and Saudi Arabia across different sectors.
With Qatar Green Building Council as a Strategic Partner, this summit will connect senior decision makers backed by extensive hands-on experience necessary to further the region’s mission to create sustainably built environments.
By recognizing the pivotal role that sustainable building and green technology plays in guiding a project in Qatar or Saudi Arabia, the underlying goal will be to highlight the due importance of a sustainably built interior environment. As part of the agenda, it will showcase prime examples of sustainable buildings.
In view of the summit’s timing, Eng. Meshal Mohammed Al-Shamari, Director at Qatar Green Building Council explained,“The vast and fast development happening in the region needs an equivalent reaction from us and the involved parties. It is a great idea to bring together the stakeholders that are involved and participate in this summit to highlight the importance of the sustainable development along with its requirements and benefits, and its positive impact on us and our environment.”
Furthermore Ganesh Babu, the Director at IDE-Global has cited the summit as crucial, noting that “Today's business landscape needs revolutionizing services to provide even more quality options easily available under one roof. We're excited to offer the DSI meeting model for the first time in the Middle East and work with the decision maker, the specifier, the influencer and the supplier at the same table. IDE's expertise lies at the juncture of procurement consultancy and business facilitation, which when combined can accelerate implementation as necessary for existing projects.”