Mohammed Bin Rashid Establishment organizes roundtable to boost performance in contracting sector

One of a series of sector-development programmes launched by the MBRE, the roundtable emphasized industry best practices and suggested ways for local contracting businesses to adopt performance- and growth-boosting tactics and ideas.

The roundtable, attended by many companies, focused on two key areas. In the first part, participants debated the challenges and difficulties faced by the contracting sector including differentiation and maintaining competitive edge, and maintaining performance and revenue levels in light of the current economic climate. Participants also discussed the regulatory environment affecting industry transactions.

In the second half of the roundtable, companies discussed the importance of cooperation within the industry, including implementing a legal workforce exchange programme that would reduce visa expenditures and ensure sufficient manpower to complete projects.

Ibtihal Naji, Manager- Government Procurement Program, said:

"The MBRE is keen to inform our members about the best opportunities that help them in developing their businesses and make it a success. We believe hosting these roundtables on a regular basis will enable our members to overcome challenges and increase their ability to fulfill requirements of governmental institutions, and remain committed to improving our members' business performance."

During the discussions, many questions were raised about the challenges faced by projects' owners in contracting and legislations organizing activities in this area. Participants also discussed best solutions and practices to overcome challenges faced by members.

Majed Al Shaikh, owner of Al Shaikh Contracting said, "I would like to thank MBRE to providing this platform for peers in the same industry to meet and talk about key issues facing them and also discuss ways of cooperation and partnership. The MBRE continuously works on holding activities leveraging capabilities of young entrepreneurs to establish successful and competitive projects."

The MBRE programme includes a series of roundtables throughout the year, focusing on sectors including contracting, interior design, building maintenance, sanitary services, security and landscaping. The programme will continue organizing these discussion tables during next year targeting new segments and sectors.