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960 Mena projects in pipeline despite low oil

DOHA, August 31, 2016

Despite the low oil prices impacting the Middle East, the construction industry remains upbeat with about 960 major projects in the residential, commercial, healthcare, hospitality, smart buildings and education sectors in the pipeline, said a report by IDE, the organisers of the upcoming Rescom Summit Middle East in Doha.

The inaugural event, which aims to address the latest developments and challenges in the construction, architectural, interior design, engineering and technology segments of the real estate industry in the Gulf and the wider Middle East, will run from September 27 to 29.

“This summit will connect key decision makers of the real estate fraternity through structured, positive and specialised networks that aims to develop long-term, meaningful relationships with quality business professionals,” remarked Ganesh Babu, the director of India and the Middle East, IDE.

Qatar Airways has signed up as the event's official airline partner and Colliers International, the robust knowledge partner.

"Choosing right suppliers or catering to the right projects, the right decision always requires careful planning and extensive market research," stated Babu.

"We understand the business value of such decisions, which is why we work closely to identify and offer the best match for the industry’s requirements and specifications from events such as Rescom Summit Middle East," he said.

"Despite the low oil prices impacting the region, the construction industry remains optimistic about its prospects. We see positive market fundamentals in 2017, including infrastructure investment and connectivity, offering potentially good prospects in the real estate market for well-specialised developments to continue their growth path," noted Babu.

“Unlike other peer events which emphasise on panels and presentations, Rescom gives more prominence to face-to-face meetings and knowledge-sharing sessions. It will provide unparalleled service and dedication, to ensure our attendees get the best return on investment (ROI)," he added.-TradeArabia News Service




Tags: Mena | Oil | pipeline | Projects |

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