Building Construction Projects May Fail in 2016

The first quarter of year 2016 is about to get over, and people in the building industry are already worried. Many of them have sensed that their building projects might go unexpectedly wrong, causing further delays, costly revisions, or may get into unwarranted legal issues. Let’s understand and accept the fact that building contractors, architects and other across the AEC fraternity are late, timelines are not met and people are spending time arguing why things should be different.

Similarities, differences, beliefs and attitudes towards BIM have started surfacing, big time. What has surfaced is a very complex picture, with several stages of BIM development in various countries. The effects and impact of governmental policies such as the BIM mandate in UK are emerging and are hard to be overlooked at.

Architectural design firms are collaborating with both their partners and experts across UK, USA, Europe, Australia and Middle-East, and have started facing methodological challenges. Apart from the difference in language (associated challenges of reliability and grace in wording); there are national differences in understanding what BIM is? These differences are deep rooted with various construction practices and regulatory frameworks.

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Adopting Green Building Practices Beneficial to Hospitality industry of GCC Countries in this time of Recession & Economic Uncertainty

Over the past two years, a combination of factors ranging from a highly volatile crude market, to a tense geopolitical situation, has led to a general slowdown in the economy in the GCC countries. This slowdown has had its repercussions on many industries, among them, hospitality. According to Smith Travel Research - a leading market research agency in the industry, “the market penetration index has gone south from +11.1 percent in 2014 to -7.8 percent in the year ended 2015 and the revenue growth index, a key benchmark to assess the health of the business, has moved from +6.3 percent in 2014 to -8 percent in 2015.

Against this scenario of a substantially reduced demand and over-supply, is the projected addition of about 18,000 hotel rooms in Riyadh & Jeddah alone – over 50 percent of them 5 star developments, as a part of the expansion plans for major international hotel chains. One might wonder how this bodes for the industry in the times ahead. The industry is optimistic for 2016 and the years ahead, basing their optimism on the fact that a low debt, coupled with substantial foreign reserves, and a diverse investment scenario is going to help the economy bounce back, stronger than before.