Built to inform

Sign up for the daily newsletters

No, Thank you

CW Leaders Summit: Firms must persist, says Hyder

Global turmoil, lack of direction means entrepreneurship is critical

Wael Allan: Transformational change will have a huge impact on region's businesses.
Wael Allan: Transformational change will have a huge impact on region's businesses.

RELATED ARTICLES: CW Awards: Hyder wins Civil Engineer of the Year | Samsung appoints Hyder for Muharraq sewage plant | CW Awards: Hyder wins Civil Engineer of the Year

Companies need to rely on their own entrepreneurial spirit in order to persevere through the current market turmoil, said Hyder Consulting MD Wael Allan at the CW Leaders in Construction summit.

"The picture is of slow recovery. We have a huge lack of global leadership. As companies, we have to rely on our own entrepreneurial in order to carry on," said Allan.

He added that the current volatility made for an unpredictable market. "No business model can attempt to give us answers. There are challenges, but we have probably hit the bottom."

Allan said the Middle East was facing "transformational change" that would have a "huge" impact on the business environment.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week Middle East 11th Jan 2020
Jan 16, 2020