Arabian World Construction Summit 2009 to analyse impact of global economic crisis on regional projects

To be held at the Emirates Palace in Abu Dhabi from 9-11 February, the event themed 'Business Sustainability in a Challenging Market' will see more than 60 experts and over 700 delegates analysing key issues impacting new industry dynamics.

Addressing a press conference, Edmund O'Sullivan, MEED Events Chairman said:

"We have lined up an in-depth agenda for the upcoming AWCS 2009 that will include interactive panel discussions on the current economic scenario. The event is already being looked forward to with great anticipation for the industry specific forecasts that it is expected to highlight."

"AWCS will serve as a distinct networking platform allowing participants to outline an agenda of sustainable growth based on fresh innovative business models."

In the run up to the event, two industry experts, David Mosey and Andrew Greaves from the law firm Trowers & Hamlins, will lead a pre-summit workshop offering detailed overview and insight into the growing role of project partnering in the Gulf.

An in-depth discussion on 'Bridging old divides for predictability, productivity and profitability' will form the highlight of this segment focusing on key areas of resource management, cost certainty, timetable for delivery, risk management and end user satisfaction.

Abdul Majeed Ismail Al Fahim, Chairman of Pearl Dubai FZ LLC, said: "A reality check such as this will help create an appropriate environment for the market to mature and enable industry players to adopt a meticulous and rigorous approach to project management. As developers of the landmark Dubai Pearl project, we look forward to deriving positive and enriching perspectives at AWCS that will be brought to the table for the benefit of all segments of the industry."

AWCS participants will deliberate on the three key factors leading to sustainable development: economic growth, social cohesion and environmental sustainability, and how these could be achieved while coping with high regional and international volatility.

Mounir Haidar, Chief Executive Officer of Sorouh Real Estate PJSC, said: "The MEED Arabian World Construction Summit is an important event for the region, providing an opportunity for industry leaders and decision makers to come together and discuss current and future development plans. The summit is particularly relevant in light of today's global economic situation."

Paul Robinson, Group Manager, Non-ferrous Metals, CRU Group, will present an outlook for the cost of raw materials in the construction industry using the CRU Construction Commodity Index.

He will also assess the impact on the supply-demand dynamics arising out of project cancellations and delays.

As cash flow gains added importance, the 'price volatility' mini-workshop will focus on cost savings through efficient allocation of resources.

AWCS 2009 will draw to a close with a VIP tour around the Al Raha beach project site.

MEED's highly anticipated events are intended to benefit industry leaders seeking to become key players in the market.

By delivering comprehensive industry information, MEED seeks to connect people by hosting some of the most acclaimed events in the industry.

In pursuing its ambitious objectives, MEED consciously raises the industry benchmark and brings up to date market intelligence and insights to the fore.