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| Abdul Aziz Al Emadi, a speaker at the marcus evans Infrastructure & Property Development MEA Summit 2012, on generating value by developing sustainably. |
London, Apr 25, 2012 - (ACN Newswire) - "It is important to know what you are building and who for," says Abdul Aziz Al Emadi, CEO Hospitality, Msheireb Properties. Many infrastructure and property developers in the Middle East do not build according to needs but corporate strategies.
A speaker at the upcoming marcus evans Infrastructure & Property Development MEA Summit 2012, in Doha, Qatar, 7 - 8 May, Al Emadi shares his views on hospitality developments, sustainability and how to overcome the challenges of financing projects.
- How can developers ensure long-term value and sustainable growth in hospitality developments?
Most developers entering the hotel or hospitality sector come from real estate backgrounds, but there are big differences between the two. A hotel requires a long-term strategy. Hotel developers must evaluate the needs of the market and the right location for their buildings. Many build on land they already own, which in many cases is right next to other hotels. They do not think of developing new areas away from the big cities.
- Qatar is hosting the World Cup in 2022. How should the property development market plan for it?
With the level of accommodation, logistics and service handling that will be required for the number of delegates who will arrive, it is very important to plan accordingly. Developers do not need to exaggerate or do much more than what is expected of them. People attending such world events come from diverse backgrounds. Not everyone will be a VIP.
- Financing hospitality projects has become an issue for the industry. How can developers overcome this?
Since the crisis in 2008, most European banks have been asking for a minimum performance guarantee from a project's operator. As most developers finance their projects through banks, this can help them get the capital they need. What would also help is if developers had a clear strategy with records on the timeframe of project commencement and completion when looking for financing. An international or commercial brand name backing the project would also make a difference.
- How can the ideal hotel developer and operator relationship be achieved?
Many developers think that operators just do the day-to-day managing of the hotel, but if they dig deeper, they are actually the owners as they manage it with full control. The developer should have this kind of relationship with the operator and make sure that they think and act on each other's behalf.
On the other hand, some owners interfere with operators in their day-to-day activities. If they had the knowhow that was necessary to run the hotel, why did they hire an operator?
- Is green building an area that the Middle East is lacking behind in?
Yes. One part of this is related to the construction and use of materials. The second part, where we need to educate people and build awareness, is in the operation of the project and the use of utilities. Often people do not pay attention to how much power or water they use because their bills are covered.
About the Infrastructure & Property Development MEA Summit 2012
This unique forum will take place at The Four Seasons Hotel, Doha, Qatar, 7 - 8 May 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on fostering development, green building best practices and diversifying project portfolios. For more information please send an email to info@marcusevanscy.com or visit the event website at www.ipdsummit.com/AbdulAzizAlEmadiInterview
marcus evans group - property/engineering sector portal - http://bit.ly/IY9uQh
Please note that the Summit is a closed business event and the number of participants strictly limited.
Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
Topic: Trade Show or Conference
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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