Flash floods, landslides kill 8 in northern Vietnam, 3 missing    Saudi Arabia approves new Medical Referral Center with 15 key responsibilities    Saudi Arabia produces over 122,000 tons of high-quality local grapes during peak summer season    Saudi Arabia detains over 22,000 residency, labor, and border violators in one week    Hamas says it will not disarm without fully sovereign Palestinian state    Canada rejects claims of ongoing arms exports to Israel    Israeli strikes kill at least 18 in Gaza as aid seekers face deadly fire    HR ministry proposes strict rules for advertising domestic labor services    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Saudi, Russian energy ministers discuss oil market and joint committee plans    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Middle East urged to build self-sustainable industries
Published in The Saudi Gazette on 14 - 04 - 2011

sustainable industries throughout the Middle East countries will help make sectors such as construction more robust and resilient, industry experts who will be participating in the upcoming CityBuild Construction Summit 2011 in Abu Dhabi said.
They said that despite new threats posed by political unrest and a distinct lack of robust business continuity plans in place to provide protection in a high-risk market, the Middle East construction industry has great potential for sustained growth.
In addition to Saudi Arabia and Qatar, which both present the biggest opportunities, India is seen as a prime market for growth, while Kuwait and the Emirates of Ajman and Fujairah in the UAE, also have significant potential.
The white paper "Rebuilding the Middle East" which examines the opportunities and challenges facing the construction industry in the Middle East in the wake of economic and political turmoil, the energy, infrastructure and healthcare sectors are singled out for presenting the most lucrative business opportunities.
Published by Informa Exhibitions, organizers of CityBuild Abu Dhabi, the Middle East's premier event for construction products, the report underlines an urgent need for more nationals to be brought into the industry.
The report said the construction business needs to be less dependent on expatriate workforces, and also must look towards new markets to find business, rather than rely too heavily on markets it knows.
In terms of business continuity and reactions to civil crises, Jim Drysdale, director MENEA, Royal Institution of Chartered Surveyors (RICS), said it is typically the expatriate population which leaves first, making it "absolutely vital for all these local economies that the number of nationals and the number of locals involved increases in professional services."
Stephen Lines, Gulf ambassador with the Chartered Institute of Building (CIOB), said "that means going back to education, giving the local population opportunities. It is a key priority for us to get more Emiratis, more Qataris, more Egyptians involved and not relying on expatriates who provided a key resource at one stage, but who typically move on with the market." He added that "bringing locals into the marketplace and training them in the way forward with best practice methodology is what we should all be trying to do. We have to go into the universities and colleges and start to develop from there."
The white paper noted that Middle East countries, most of which have strong and stable economic and social infrastructures, still have a lot to offer to the ongoing development of the construction industry. One of the industry's most important roles now is rebuilding the Middle East brand, countering the negative perception of the region to the world, and capitalizing on the existing opportunities.
CityBuild Abu Dhabi and the CityBuild Construction Summit are co-located with Cityscape Abu Dhabi and the Malaysia Services Exhibition (MSE) taking place on April 17-20 at Abu Dhabi National Exhibition Centre.


Clic here to read the story from its source.