Regional Risk Management experts meet to discuss the latest strategies for mitigating construction project risk during global economic decline.
International Quality and Productivity Centre (IQPC), the global provider of tailored, industry-driven conferences, will be addressing the increased need for effective Risk Management in the Middle East to strengthen project partnerships and avoid costly delays to construction projects. The 4th Annual Middle East Summit on Construction Project Risk Management is an exclusive two-day conference with four essential half-day workshops, taking place in Dubai, UAE.
Regional industry experts will gather in Dubai on 1 - 2 June 2009 to share their latest practical solutions for enhancing Risk Management strategies to sustain working partnerships and reduce the likelihood of project delays. This focused event will be discussing how to effectively manage construction project risk in the current economic climate, establishing sound contracts between project partners, mitigating unexpected risk through early analysis, and successfully managing the termination of project partnerships should this dispute arise.
The Middle East Summit on Construction Project Risk Management 2009, the 4th conference in this successful annual series, hosting contributions from 16 industry experts, provides an excellent opportunity to find solutions to the very latest Risk Management challenges and build industry partnerships that will result in mutual business growth.
Mr. Avikal Kumar, Insurance and Risk Manager for Wade Adams says, "The current global economic crisis is a result of poor risk management of financial identities, aided by overlooking basic risk management principles. Unfortunately, the all encompassing result is the current financial turmoil that the world is facing. This environment has exposed the importance of generic yet professional risk management for all commercial identities. It is time risk management took its deserving place as one of the most important management functions, more so in the construction industry, which apart from financial risks, sits atop a volcano of potential operational risks."
Melvyn Ford, Director of CSHK Dubai Contracting, adds "In these particularly difficult times of world financial recession, Dubai is not immune to the direct effects of a drastically slowing down economy and the knock-on effect on property development. This has very serious consequences for all contributors to the industry and a summit such as this is essential if we are to discuss all the issues, consider all the options and agree to critically required solutions in the interest of all. Let's all share our experiences and have an open debate on where we are going in Dubai and the U.A.E. generally."
The 4th Annual Middle East Summit on Construction Project Risk Management will act as a forum for some of the most topical issues facing the industry right now, by providing practical case studies from leading Contractors and Developers in the region. Grahame McCaig, General Manager for Dutco Balfour Beatty will be reviewing how to manage unique construction risk in a climate of economic downturn to ensure projects remain on schedule and to budget
Hussam Talhuni, Director of Dubai International Arbitration Centre will be explaining the arbitration process in the UAE as a suitable mechanism for dispute resolution between project partners.
The Middle East Summit on Construction Project Risk Management 2009 will bring together industry professionals for two days of high-level networking to discuss burgeoning challenges, including sustaining project partnerships whilst operating under economic strain. This interactive summit will be held from the 31 May - 3 June 2009 at the Arjaan Rotana, Dubai, UAE. Further information may be obtained at www.constructionprojectrisk.com
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About IQPC Middle East:For over thirty years, IQPC has helped the world's leading corporations solve their business challenges through the sharing of practical industry solutions and global best practice. In the process, the company has built a formidable reputation for quality and value. During this time, the Middle East's most progressive companies have benefited from IQPC's unrivalled global reach, which has connected international expertise with regional and local leaders. For more information, visit www.iqpc.ae
For more information, please contact
Michelle Petiza
Marketing Administrator - IQPC Middle East
email: enquiry@iqpc.com
T +971 4 364 2975
© Press Release 2009
