The annual MEED Arabian World Construction Summit (AWCS) was told today that the GCC needs to develop a new approach to delivering megaprojects and establish institutions that can capture information about them.
“Building roads is demanding but not complex,” said co-founder and director of the UK’s Institute for Infrastructure Studies Anthony Holmes. “When you move into complex projects, a different methodology is required. The GCC is doing more complex projects than any other place in the world in such a concentrated area. A new approach is required.”
“We could use the projects we are doing here to educate people and take that knowledge to the rest of the world,” Holmes said. “The data we are developing about projects we are basically burning. It is more valuable than projects themselves because the risk management of these projects is contained in this data.’
The supporters of the AWCS 2014
- HSBC and CPC are strategic event partners.
- Hyder and Six Construct are Gold partners.
- Agis, Mashreq and Projacs are Silver sponsors and Deloitte is Knowledge Partner.
- EC Harris Built Asset Consultancy is Lunch Sponsor on day one and Bentley is CEO Forum sponsor.
- Aksa, Drake & Scull, Hill International and Zurich are Conference Sponsors.
For full coverage of the AWCS 2014, see www.meed.com.