Leaders UAE 2016: What’s on the agenda?
Check out the agenda for Construction Week: Leaders in Construction UAE Summit 2016
Later this week, the seventh iteration of Construction Week: Leaders in Construction UAE Summit will take place in Dubai. The event will see more than 200 construction professionals gather to discuss current market challenges and opportunities for the future.
This year’s summit will feature a selection of high-level speakers, including senior representatives from regional construction giants such as ALEC, Al Shafar General Contracting (ASGC), China State Construction Engineering Corporation Middle East (CSCEC ME), Aecom, Atkins, Pinsent Masons, Autodesk, Bentley Systems, FAMCO, and many more.
In time-honoured tradition, the event will begin with an economic review and outlook. Two years of oil price stagnation have significantly altered the GCC’s economic outlook. However, despite tougher economic conditions, the UAE construction market remains attractive to regional and international companies alike. The opening session aims to provide insights into the current market outlook, and the prospects for the country’s construction industry in 2017 and beyond.
The first of the day’s panel discussions will look beyond oil price decline in search of silver linings. The UAE’s construction sector has had time to adjust and re-evaluate its market position during the past year. From the careful planning and selection of projects to the streamlining of operations, this session will explore the methods being used to combat market uncertainty and encourage long-term stability.
The summit’s second panel discussion will touch upon a subject that represents a major concern for contractors, consultants, and suppliers alike. Cash flow impacts all aspects of the construction process and, as with any downturn, low liquidity is a major challenge for our industry at present. The consequences of late- and non-payment are manifold, ranging from project delays to payroll-related issues. With no segment immune to the effects of delayed payments, this session will explore the difficulties that low liquidity can pose, and remedies that could help to encourage prompt payment throughout the supply chain.
Turning delegates’ attention back to opportunities, the third panel of the day will explore the rise of public-private partnership (PPP) agreements in the UAE. Approximately $35bn (AED128.5bn) worth of projects have been slated or initiated in the UAE since the introduction of PPP legislation in November 2015. UAE policy-makers are hoping that greater private sector involvement will not only lead to improved efficiency and knowledge transfer, but also allow them to divert resources into other sectors, such as healthcare and education. In this session, panellists will discuss the challenges and benefits of the PPP model.
The next topic on the agenda will be that of diversification opportunities, and the associated potential for profit. In addition to the importance of economic diversification at a domestic level, this session’s panellists will consider the merits and risks of corporate strategies that pursue growth in emerging markets.
During the summit’s final panel discussion, a selection of regional marketing experts will address the crucial role that effective branding can play in helping a business to stand out from its competitors. Panellists will consider the methods via which construction outfits can dispense with the traditional ways of doing business, and breathe new life into their brands.
Construction Week: Leaders in Construction UAE Summit 2016 will also feature presentations on pertinent industry topics, including dispute mitigation and resolution, and the pros and cons of the design-build-finance-operate (DBFO) model.
With just days to go before the event, space is extremely limited. To find out whether there is still time to secure your seat at the summit, contact Michael McGill at email@example.com.