Top executives to attend Arabian World Construction Summit
31 January 2009
Top officials from the Middle East's construction industry will meet to discuss the dramatic downturn in the sector, caused by the global economic crisis, Arabian Business online reports.
More than 500 delegates and 60 industry experts will attend the Arabian World Construction Summit (AWCS) 2009 to be held in Abu Dhabi on February to discuss the changing face of the region's industry.
Richard Thompson, editor for organisers MEED, said: "The construction industry in the region has enjoyed dynamic growth over the past few years but we have witnessed demand stagnating for the first time in a decade following the global economic situation. This is compounded by master developers placing projects on hold to focus more on riding out the current conditions and meeting tight deadlines for developments already underway."
Key industry leaders who will lead panel discussions at AWCS include Abdul Majeed Al Fahim, chairman of Pearl Dubai, Ali H. Kolaghassi, vice-president of Corporate Business Development, Saudi Oger, Sami Asad, COO of Aldar Properties and Mounir D. Haider, CEO of Sorouh Real Estate.