Deloitte Middle East Breakfast briefing for Chinese Construction industry delegates
Deloitte Middle East (DME) held a construction industry briefing session for a select group of key Chinese construction industry executives and service professionals based in the UAE. The session focused on the latest trends and developments in the Gulf Cooperation Council (GCC) construction industry, as well as Deloitte’s best practices in project/portfolio management.
With US$2.8 trillion worth of projects planned or ongoing in the GCC countries, international firms are increasingly eyeing the construction market in the region, among which the Chinese construction and construction-related companies that are now looking outbound for future growth opportunities.
Key members of the Chinese construction community in the UAE attended the briefing, including regional top Chinese contractors, construction material suppliers, and financing professionals.
Program and highlights
The event, which took place this month at Deloitte Offices in Emaar Square, Downtown Dubai, was led by Cynthia Corby - partner and Construction industry leader, Andrew Jeffery - director, Capital Projects, and Zane Hedge - Director, Forensic, and supported by Madeleine Chen Todd - manager, Chinese Services Group.
Attendees were briefed on Deloitte’s GCC Powers of Construction 2015 report, titled “Construction - The economic barometer for the region.” This provided a project market overview for each GCC country, as well as the highlights of a survey conducted in March and April 2015 among CEOs and CFOs of construction companies from the region.
This was followed by a presentation on ‘regaining control of a portfolio,’ employing a case-study of a major listed MENA contractor with a diverse portfolio in multiple locations. The presentation looked at areas that are fundamental to establishing a first class governance framework for a project/portfolio and explored ‘Deloitte’s Procurement and Management of Construction Contracts Handbook’ which is a complete reference for project procurement and management.
The event was concluded with an interactive and engaging Q&A session with a range of topics being discussed, in particular, intricacies of operating in the region as a foreigner contractor.
If you have any inquiries regarding any matter related to the Chinese Services Group, do not hesitate to contact Madeleine Chen Todd.