ProMedia eyes higher market share in Qatar
Dubai, November 28, 2011
ProMedia, a subsidiary company of Omnix International, the leading Building Information Modeling (BIM) solution provider, plans to increase its market share within Qatar’s construction industry.
The company has also revealed its plans to strengthen its market presence as the country prepares for an expected influx of some $700 billion worth of new investment projects predicted in Qatar by 2020, and around $86 billion alone will be spent on infrastructure projects.
Looking to increase more awareness on the immense potential of utilizing BIM software and solutions, the leading company successfully hosted a seminar entitled, ‘Autodesk Live Event 2011’ at the Marriott, Qatar.
Qatari based companies are expected to advantageously gain from the key and essential data produced by Autodesk BIM, further helping realize real business results like quality, efficiency, productivity and sustainability.
The figures cited are part of a report from Frost & Sullivan, a leading business intelligence and research firm. The report further shows that Qatar will be a significant driver of the overall emerging Middle East economy in the next decade. A growth of 46 per cent over the next five years in construction has been predicted in Qatar, which currently has a population of about 1.7 million.
Though the construction industry at present accounts for five per cent of Qatar’s GDP (which is the highest in the world in terms of per capita), it has the highest percentage growth and, especially with various large-scale projects to be completed before the 2022 FIFA World Cup.
“These are exciting times for Qatar’s construction industry and we are confident that our wide range of Autodesk BIM solutions will play a key role in the completion of these major projects that have been rolled out in preparation for the 2022 FIFA World Cup,” said Dr Jayant M Deshpande, director, ProMedia.
“Our company’s current turnover in the CAD segment is more than $50 million, with around 25 to 30 per cent coming from Qatar. With the expected influx of more projects, we are confident to increase our market share. Our overall goal is to reach $136 million in profit over the next few years and we are expecting 50 per cent of this to come from Qatar.”
ProMedia has also revealed its move to increase more awareness on the release of the new HP Z Workstation, a next generation system for architecture that offers faster performance through an enhanced set of HP optimization and built-in HP reliability.
“The Qatar release of the new HP Z workstation has been timed to meet the need of the country’s design and engineering professionals for specialized workstations,” said Jinesh Thomas, product manager – HP workstation, ProMedia Qatar.
“ProMedia Qatar has been Autodesk solutions Gold partner for years and has also recently tied up with HP as 'Gold partner Workstations Specialist' to help customers choose the right Z-series workstation that can match with their environment and Autodesk software verticals,” he added.
Among these solutions is AutoCAD 2012, which is the latest edition of the Computer Aided Drafting (CAD) application for 2D and 3D design.
The new Autodesk software solution package provides a comprehensive set of tools to help users address a variety of workflow needs - from project design, visualization and simulation to documentation and construction.
“Our strategic line of Autodesk BIM solutions is being packaged as an essential tool for the design process, most especially for the MEP segment,” Deshpande said.
“More often than not, these construction companies spend more on MEP designs and later revisions, as the planned designs for electric, HVAC, plumbing and fire fighting systems tend to clash, so a lot of money gets wasted in the process. Using a key solution like Revit MEP can detect clashes at an early stage and work on a strategic design that will not only save on time but also on cost,” concluded Deshpande. – TradeArabia News Service
More Construction & Real Estate Stories
- Work to start on new Bahrain social centre
- Indian developer to open Dubai office
- 50 firms to showcase at Cityscape Riyadh
- Kaloti breaks ground on Dubai gold refinery
- New power station for Bahrain hospital
- Al Hamra Village wins top mixed-use award
- Schön sees business park project on track
- Kuwaiti developer starts Dubai tower work
- Asteco appointed agent for Dubai tower
- Interface named ‘Most Sustainable' firm