Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE
The greatest growth opportunity for the UAE construction sector lies in improving the "basis and foundation" of the sector, it was agreed by a panel moderated by Reed Smith's managing partner, Sachin Kerur, and attended by chief executive officer of ALEC, Kez Taylor; head of architecture and design at Arada, Elie Mrad; and senior vice president at China State Construction Engineering Corporation Middle East (CSCEC ME), Grigoris C Christofides, at the Construction Week: Leaders in Construction Summit UAE 2019, held at Le Meridein Dubai Hotel & Conference Centre on 17 September.
Addressing the audience during the panel titled Potential for Profit – Identifying Diversification, Taylor said training and development of the workforce must be among a construction company's top priorities.
CSCEC ME's Christofides said that companies should find ways in which diversification efforts can be implemented in a way that adds value for both the organisation and the sector.
The Saudi Arabian market 'cannot be ignored' in the Middle East, CSCEC ME's official said, adding that the China-headquartered firm was also exploring opportunities in Africa.
Mrad stressed that right team and market research were two elements needed to successfully diversify a business for long-term growth.
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.