ussaudiforum - panel 7 - zuhair fayez - opportunities in architecture, construction, engineering
DESCRIPTION
The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how U.S. companies can participate in Saudi Arabia's expansion. Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade. This panel of distinguished experts highlighted the opportunities in architecture, construction and engineering.TRANSCRIPT
Presented by:
Dr. Zuhair Hamed FayezChairman and CEO of Zuhair Fayez Partnership Consultants
Panel 7:
Opportunities in Architecture,Construction, Engineering
Title:
????(TBD)
Presented by:
Dr. Zuhair Hamed FayezChairman and CEO of Zuhair Fayez Partnership Consultants
The Theory ofEvolutionary Potential
Evolutionary Potential
It is possible for a developing nation:
With Capital Availability And Strategic Planning Acquiring the latest Technology
to Leapfrog the normal evolutionary timeline.
PROGRESS
LEAPFROGGING
Lessons Learned
Leapfrog Progress
What is the Flaw in the theory?
Lessons Learned
Leapfrog Progress
What is the Flaw in the theory?What is the Flaw in the theory?
“Human Factor Development”
Lessons Learned
Leapfrog Progress
Human Factor Development
“GAP”
PhysicalDevelopment
What is the Flaw in the theory?
Lessons Learned
Leapfrog Progress
“Human Factor Development”
Lessons Learned
Leapfrog Progress
“Not because it was ignored, but it requires Time”
“Human Factor Development”
PhysicalDevelopment
Human FactorDevelopment
Moving Forward
To bridge the gap, we need: “Physical Development” growth with Accelerated
“Human Factor Development”
Moving Forward
Saudi Arabia’s fast growing economy.
Great business potentials.
Kingdom of Saudi Arabia Budget
Currency Saudi Arabian Riyal (SAR)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
230 280 335 380 410 475 540 580 690 820
In B
illio
ns
(SA
R)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
900
800
700
600
500
400
300
200
100
0
230
335
410
540
690
280
380
475
580
820
Over the last 5 years, 70% of the budget expenditures where allocated to Construction and Infrastructure projects.
Sample Mega Projects in the Concept Stage
Jeddah Light Rail Transit/TramLocation: Jeddah, Saudi ArabiaClient: Makkah MunicipalityExpected Cost: $6 Billion
01
King Abdullah Tunnel TaifLocation: Taif, Saudi ArabiaClient: Taif Investment & Tourism Co. Expected Cost: $550 Million
02
New Port in LaithLocation: Saudi ArabiaClient: Saudi Port Authority
03
Sample Current Mega Projects
Saline WaterConversionCorporation
01
Riyadh Metro
02
RiyadhPowerplant
04
King AbdulazizInternational
Airport
03
5. Saudi Aramco Total Refining & Petrochemical Company
6. Khurais Field Development
7. Kingdom City
8. Shaybah Field Expansion
9. Yanbu Export Refinery Project
10. Karan Gas Project
11. Abraj Al Bait Towers
12. Rabigh Powerplant
13. Qurayah Powerplant
Saline WaterConversionCorporation
01
Riyadh Metro
02
RiyadhPowerplant
04
King AbdulazizInternational
Airport
03
5. Saudi Aramco Total Refining & Petrochemical Company
6. Khurais Field Development
7. Kingdom City
8. Shaybah Field Expansion
9. Yanbu Export Refinery Project
10. Karan Gas Project
11. Abraj Al Bait Towers
12. Rabigh Powerplant
13. Qurayah Powerplant
Sample Current Mega Projects
Riyadh MetroRiyadh, Saudi Arabia
$22.5 Billion Project.
5 Years Project.
3 Consortiums.
20 Companies involved from 11 Countries.
Sample Current Mega Projects
Human Factor Development
“GAP”
PhysicalDevelopment
Initiatives at Closing the Gap
“GAP”
PhysicalDevelopment
Over Time
Initiatives at Closing the Gap
1.Voluntarily
2. Industry Specific
3.Organization Specific
4.Others
Initiatives at Closing the Gap
Sabic AcademyRiyadh, Saudi Arabia
Teaching Management, Leadership,…
Initiatives at Closing the Gap
Sabic – Home of InnovationRiyadh, Saudi Arabia
Researching Zero Carbon Footprint for Homes
Initiatives at Closing the Gap
SabicRiyadh, Saudi Arabia
Sabic – Plastic Application
Sabic plastic application lab
Saudi trainee at Sabic plastic application lab
Initiatives at Closing the Gap
Closing the Gap Successful Attempts Aramco GES+ Contracting Framework
LOCALCOMPANY
FOREIGNCOMPANY
NEW LOCALCOMPANY
Execute the worklocally.
Foreign + Local =
FOREIGNCOMPANY
IN
OUTFOREIGNCOMPANY
LOCALCOMPANY
NEW LOCALCOMPANY
WHY?
Working Together
FOREIGNCOMPANY
LOCALCOMPANY
NEW LOCALCOMPANY
WHY?
FOREIGNCOMPANY
IN
OUT
Working Together
1.Regulations
2.Long Term Strategy
3.Proven Model
4.Meet both Parties Objectives
Title:
????
What have you left behind?
Title:
????
What have you left behind?
Title:
????
Come and leave something behind
What have you left behind?
Come Work and Stay.
Title:
????
Come and leave something behind
Title:
Come Work and Stay.
What are the opportunities in Architecture, Construction and Engineering?
• Projects planned or underway are worth in the region of $732 Billion of which projects worth over $300 Billion are still not awarded. (MEED)
• According to the Ninth Development Plan, KSA will invest $ 385 Billion between 2010 and 2014
Who will take advantage?• Most probably, organizations that follow the
proven Aramco model.
Opportunities and Advantages
FOREIGNCOMPANY
LOCALCOMPANY
NEW LOCALCOMPANY
Presented by:
Dr. Zuhair Hamed FayezChairman and CEO of Zuhair Fayez Partnership Consultants