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Leaders UAE 2019: Deloitte's Cynthia Corby outlines economic outlook

EXCLUSIVE: Deloitte Middle East's construction industry leader says Saudi Arabia remains a key market in the region

Deloitte ME's Cynthia Corby at Leaders UAE 2019.
ITP Media Group
Deloitte ME's Cynthia Corby at Leaders UAE 2019.

Speaking at Construction Week's Leaders in Construction Summit UAE 2019, currently under way at the Le Meridien Dubai Hotel & Conference Centre in Dubai, audit director of operations for the Middle East and Middle East construction industry leader at Deloitte, Cynthia Corby, said megaprojects remained a key focus for builders in the GCC, adding that it was important to understand ownership structure changes to boost foreign direct investment (FDI) flows in the region. 

Addressing the audience during her presentation, titled Economic Overview and State of the Construction Industry, Corby said that while several structural reforms had been implemented in the region, diversification was a long process that companies must invest their resources in. 

She added that market appetite remains high for projects under way in Saudi Arabia, where the Vision 2030 programme is driving the development of gigaprojects and other large-scale schemes. 

The Leaders in Construction Summit UAE 2019 is supported by Gold Sponsors, HFW and Pinsent Masons; Silver Sponsors, Addleshaw Goddard, Exactal, and Al Tamimi & Co; Claims Sponsor, HKA; Legal Sponsor, Reed Smith; Lanyard Sponsor, Bryan Cave Leighton Paisner (BCLP); Intelligence Partner, ProTenders; Training Partner, Royal Institution of Chartered Surveyors; and Exhibitors, Deltek, Construction Computer Software (CCS), Beaver Gulf Group, Facilio, and CCC.

Visit Leaders in Construction UAE Summit's website for more information about the event.

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Construction Week - Issue 751
Oct 13, 2019