03/11/2015
The Crown Prince Saud bin Nayef will sponsor “development projects, realities, and aspirations.” Forum on Wednesday
Co-organized by Asharqia Chamber and Eastern region Emaara
The crown prince, Saud bin Nayef, the Eastern region governor will sponsor “development projects, realities, and aspirations.” From, which will be held on Wednesday, November 4, 2015, in Asharqia Chamber main offices in Dammam. Abdul Rahman Al-Otaishan, Chairman of Asharqia Chamber, explained that this forum is a one-day forum, which aims to support the role of the private sector in contributing to the development of the region. Moreover, it aims to encourage the programs and events that contribute to developing the resources and economic means and to enforce the development role of them in the region. The forums also aim to attract more investments to the region as part of the kingdom’s development plans.
Al-Otaishan mentioned that the forum aimed to focus on some strategic goals. On top of which is the importance of development projects and its role in the economic development. Also, to review the most prominent and successful experiences of companies that have introduced successful projects, as well as to review the best means and to overcome any future problems. He mentioned that the kingdom of Saudi Arabia was witnessing massive development projects all over the country. These projects are part of the ninth development plan, which is supposed to be carried in 2012-2014. The assigned budget for this plan was approximately 2 trillion riyal. Many of the established projects include infrastructure, service, and sector production projects. He asserted that Abdullatif bin Abulamlik Alshaikh, the minister of the of municipal and rural affairs would be a key speaker at the forum.
Al-Otaishan mentioned that the construction section is considered one of the most important development sectors in the kingdom. It is considered the bone of many economic sectors and it is in itself an independent sector. The intertwined relation between this sector and the rest of the sectors means imposes its strategic role to the national economy, the economic development and employment. He mentioned that the forum aimed to focus on some strategic goals. On top of which is the importance of development projects and its role in the economic development. Also, to review the most prominent and successful experiences of companies that have introduced successful projects, as well as to examine the best means and to overcome any future problems. He said that many factors could affect the development projects in Saudi negatively. We can outline them as four main reasons: the organizational side (bidding and governmental expenditure), business owners, business executors (contractors), and the workforce. The forum would discuss the ways to overcome the difficulties that development projects might face by reviewing many approaches to overcoming such issues.
