23 APR 2018
Infrastructure in the Middle East has evolved slowly but significantly to become an integral part of the economy.
According to a recent report by JLL, Dubai government passed their largest ever budget for 2018 (AED 57 billion), of which 20% will be spent on the infrastructure of the Emirate, an increase of more than 40% since 2017.
With Dubai gearing up for EXPO 2020, which is expected to drive a construction boom in the country, particular focus has been given to the infrastructure developments, with an estimated $2-4 billion being spent on the construction of the site. Dubai has nearly 200 active transport projects in the pipeline throughout worth $34 billion, and for its 2020 Urban Master Plan $2.9 billion has been set aside for three key projects:
It’s not just the UAE that is poised for significant infrastructure developments, Saudi Arabia’s Vision 2030 strategy also outlines infrastructure projects covering the power, water, hydrocarbons, construction, road, rail, seaport and airport sectors. Significant projects in the country include:
Large-scale infrastructure projects can be extremely complex. This is because:
To counteract the challenges that large-scale infrastructure projects can present, it is crucial to have good commercial management. Andrew Allen, Associate Director, Advisory, at HKA, believes that commercial managers are not only able to have situational awareness, but also an understanding of how to approach, talk about and calculate risks for project success. Their role in the industry is vital to ensure the commercial success of a project.
With challenges persisting, the need for qualified, skilled commercial managers who are able to manage the complex budgets and schedules of infrastructure projects has increased. In order to aid commercial managers with the practical knowledge required to successfully manage Infrastructure projects, whether they are for road, rail, energy or telecommunications, RICS has launched the Commercial Management – Infrastructure Programme. Infrastructure and construction professionals in either surveying, project management or engineering who are looking to gain commercial management skills can benefit from this six-month distance learning programme.
Focused on all major aspects of commercially managing infrastructure projects, the programme features:
As the industry grows, it becomes vital for commercial managers to have the ability that allows them to address the challenges presented by assessing and communicating risks at all levels in the world of infrastructure.