<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Dubai’s real estate, transport, tourism and construction sectors, which are collectively worth tens of billions of dollars, will be put under the spotlight at a conference to highlight some of the city’s flagship project developments, it was announced.
Senior government and business representatives from the Emirate will provide updates on current, planned and future projects during the Major Project Developments in Dubai conference, to be held on March 15 and 16.
"Construction and infrastructure development projects announced or under implementation in Dubai are both exciting and challenging," said Robert Lee, development director, Dubai Waterfront Company, who will speak at the conference at the Shangri-La Hotel in Dubai.
"Property development has emerged as a major catalyst for faster economic growth in Dubai and has brought the region under a global focus. The ground-breaking developments in the property sector also attract attention to important issues, such as managing limited resources and logistical concerns."
Experts have predicted that the real estate market alone in Dubai will be worth an estimated US$ 50 billion by 2010, up from its current level of US$ 30 billion.
The conference, organized by MEED, will provide analysis on subjects such as the city’s landmark developments, how they are financed, and how to sustain real estate growth. Delegates will also receive the latest status reports on developments at DubaiInternationalAirport and the new JebelAliAirport.
Other speakers at the conference include Jamal Majid Bin Thaniah, chief executive officer, Dubai Ports Authority; Jamal al-Hai, director, strategy & management excellence, Dubai Department of Civil Aviation; Arabtec; Rudi Jagersbacher, vice president, Arabian Peninsula, Hilton International; and Selim El Zyr, president and chief executive officer, Rotana Hotels.
“Dubai is experiencing astonishing growth across all industry sectors,” said Edmund O’Sullivan, editorial director, MEED and chairman of the conference. “But this market is no different from any other, in that local knowledge remains pivotal to success. For people who want to know the ins and outs of Dubai’s major projects, this conference is a must-attend event.”
