|By ACN Newswire||
|April 21, 2014 03:11 AM EDT||
Ayman Okasha, a keynote speaker at the marcus evans Infrastructure & Property Development MEA Summit 2014, gives advice on achieving excellence when reviving frozen projects
LONDON, Apr 21, 2014 - (ACN Newswire) - As infrastructure and property developers in the Middle East start reviving projects that were put on hold, there are a few things that they need to do differently, according to Ayman Okasha, GM Rental & Mirdiff, Union Properties. "The more time, effort and money developers spend before developing to get the product right, the more likely it will be received well, which will minimise any future bubble or shortfall in the market from a demand or financial point of view," he said.
Okasha is a keynote speaker at the marcus evans Infrastructure & Property Development MEA Summit 2014.
- Many developers are now reviving frozen projects. How can they achieve project excellence this second time around? What lessons should they have learnt?
At present, companies/developers should be extra careful by developing projects that can be absorbed/accepted by the market, based on genuine foundations and market conditions, mainly supply and demand, proper feasibility studies and risk analyses, complementing the existing products and services that are being offered in the market.
When the market was booming several years ago, developers did not carry enough studies and financial risk analyses to support the viability and the financial health of the projects, as the sale transactions were not meant to be utilised by end users. The key issues related to the investment decision, such as the location, project details and type, were not considered as the investor knew that he was doing the transaction to benefit from the difference of buying vs. selling and as a tool of speculation, rather than being a genuine buyer or end user.
Project excellence can be achieved by gathering all the information related to the freeze percentage of work achieved on the project since the stoppage time, providing a comprehensive list of the remaining works and looking at it thoroughly in order to obtain an alternative course of plan and action to change either the concept or the finishing items, as to be more flexible in terms of time, cost and work progress and achieve a smooth completion for a project that is compatible with the current market and requirements.
- How deep do developers need to go in the market research to support a development?
In general, the deeper developers go into the details of a planned development, the more the unsuccessful results they will eliminate, as the end product will meet stakeholder and end user demands. To use a residential building development as an example, a pre-development market research should be conducted with details covering the following areas: the location of the residential building, ensuring that the building details including its units match the level of target customers, in term of details and quality for that location; the size of units in square feet; the percentage of number of bedrooms in each unit to the overall number of units i.e. number of bedrooms in each unit to the overall number of units; i.e. 30 per cent one bedroom, 25 per cent with two bedrooms and 45 per cent with three bedrooms; type of apartment: open, closed kitchen, balcony, number of toilets in each unit; the amenities and services in the building; and style and class of finishes.
- What are the main challenges that developers could face in reviving a frozen project?
They could face: financial challenges, time factor with all its related issues, social challenges, logistical challenges, administrative challenges, market changes, changes in customer trends, and changes in municipal rules and regulations.
Which specific markets or sectors would you point developers and investors to? What are the hidden opportunities in the Middle East?
Due to recent developments with Dubai winning the hosting of EXPO 2020, the organic growth of the city and it being the most preferred city to visit in the region, the following sectors have great opportunities for investors: services, retail, hospitality (3 & 4 star hotels), real estate supported by proper research and development, transportation, health and education.
About the Infrastructure & Property Development MEA Summit 2014
Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on performing a delicate balancing act by adopting a superior level of quality, sustainability and convenience within allocated budgets, and validating development plans to showcase the booming market and deliver profit-generating products.
marcus evans group - property/engineering sector portal - http://www.marcusevans.com/reviews/engineering
Please note that the Summit is a closed business event and the number of participants strictly limited.
About marcus evans summits
marcus evans Summits are high level business forums for the world's leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, case studies, roundtables and one-to-one business meetings. For more information, please visit www.marcusevans.com
- LinkedIn: www.linkedin.com/groups?gid=4771229&trk=myg_ugrp_ovr
- Twitter: www.twitter.com/meSummitsIPD
- YouTube: www.youtube.com/meSummitsGlobal
- SlideShare: www.slideshare.net/MarcusEvansSummits
All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to [email protected]
About marcus evans Summits
marcus evans Summits are high level business forums for the world's leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com.
- Twitter: www.twitter.com/meSummitsGlobal
- YouTube: www.youtube.com/user/MarcusEvansGroup
- SlideShare: www.slideshare.net/MarcusEvansSummits
Source: marcus evans Summits
Sarin Kouyoumdjian-Gurunlian Press Manager, marcus evans, Summits Division Tel: +357 22 849 313 Email: [email protected]
Copyright 2014 ACN Newswire. All rights reserved.
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Dec. 2, 2015 02:00 AM EST Reads: 441
The revocation of Safe Harbor has radically affected data sovereignty strategy in the cloud. In his session at 17th Cloud Expo, Jeff Miller, Product Management at Cavirin Systems, discussed how to assess these changes across your own cloud strategy, and how you can mitigate risks previously covered under the agreement.
Dec. 2, 2015 12:00 AM EST Reads: 141
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Dec. 1, 2015 11:00 PM EST Reads: 307
SYS-CON Events announced today that Catchpoint, a global leader in monitoring, and testing the performance of online applications, has been named "Silver Sponsor" of DevOps Summit New York, which will take place on June 7-9, 2016 at the Javits Center in New York City. Catchpoint radically transforms the way businesses manage, monitor, and test the performance of online applications. Truly understand and improve user experience with clear visibility into complex, distributed online systems.Founde...
Dec. 1, 2015 10:15 PM EST Reads: 141
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
Dec. 1, 2015 10:00 PM EST Reads: 477
"eFolder does a lot of different things but we protect data and we are focused on protecting data no matter where it resides," explained Carlo Tapia, Product Marketing Manager at eFolder, in this SYS-CON.tv interview at Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 1, 2015 04:00 PM EST
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Dec. 1, 2015 04:00 PM EST Reads: 507
Cloud computing is unquestionably one of the driving forces of DevOps, as the automation of operations transforms enterprise software development. DevOps, however, is more than a technology trend, as it represents a move toward silo-busting, self-organizing horizontal teams that drive business velocity. At the same time, enterprise Digital Transformation represents an upheaval across the enterprise, as customer preferences and behavior drive enterprise technology decisions. This transformation ...
Dec. 1, 2015 03:45 PM EST
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
Dec. 1, 2015 03:00 PM EST Reads: 152
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Dec. 1, 2015 03:00 PM EST Reads: 389
In demand-intensive mobile and web applications, an emerging pattern is to host the Systems of Engagement in the cloud (for maximum responsiveness) but keep the Systems of Record with the other important business systems in the company datacenter, often on a tightly secured mainframe. But what about the space in between? In this IBM Redpaper publication, we show that the IBM Bluemix cloud platform offers technologies that make it easy for cloud-based SoEs to securely connect to on-premises IBM...
Dec. 1, 2015 02:45 PM EST
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Dec. 1, 2015 02:45 PM EST Reads: 450
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Dec. 1, 2015 02:15 PM EST Reads: 455
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Dec. 1, 2015 02:00 PM EST Reads: 553
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Dec. 1, 2015 01:45 PM EST Reads: 359