Developing Sustainably in the Middle East: Interview with: Abdul Aziz Al Emadi, CEO Hospitality, Msheireb Properties, a speaker at the marcus evans Infrastructure & Property Development MEA Summit 2012, on generating value by developing sustainably.
Developing Sustainably in the Middle East developers must evaluate the needs of Many developers think that operators the market and the right location for just do the day-to-day managing of the their buildings. Many build on land they hotel, but if they dig deeper, they are already own, which in many cases is actually the owners as they manage it right next to other hotels. They do not with full control. The developer should think of developing new areas away have this kind of relationship with the from the big cities. operator and make sure that they think and act on each other’s behalf. Qatar is hosting the World Cup in 2022. How should the property On the other hand, some owners development market plan for it? interfere with operators in their day-to- day activities. If they had the knowhow With the level of accommodation, that was necessary to run the hotel,Interview with: Abdul Aziz Al logistics and service handling that will why did they hire an operator?Emadi, CEO Hospitality, Msheireb be required for the number of delegatesProperties who will arrive, it is very important to plan accordingly. Developers do not need to exaggerate or do much more“It is important to know what you are than what is expected of them. Peoplebuilding and who for,” says Abdul AzizAl Emadi, CEO Hospitality, Msheireb attending such world events come from diverse backgrounds. Not everyone will Hotel developersProperties. Many infrastructure andproperty developers in the Middle be a VIP. must evaluateEast do not build according to needs but Financing hospitality projects hascorporate strategies. become an issue for the industry. How can developers overcome this? the needsA speaker at the upcoming marcusevans Infrastructure & Property Since the crisis in 2008, most European of the marketDevelopment MEA Summit 2012, banks have been asking for a minimumin Doha, Qatar, 7 - 8 May, Al Emadi performance guarantee from a project’sshares his views on hospitality operator. As most developers financedevelopments, sustainability and how their projects through banks, this canto overcome the challenges of financing help them get the capital they need.projects. What would also help is if developers Is green building an area that the had a clear strategy with records on the Middle East is lacking behind in?How can developers ensure long- timeframe of project commencementterm value and sustainable growth and completion when looking for Yes. One part of this is related to thein hospitality developments? financing. An international or construction and use of materials. The commercial brand name backing the second part, where we need to educateMost developers entering the hotel or project would also make a difference. people and build awareness, is in thehospitality sector come from real estate operation of the project and the use ofbackgrounds, but there are big How can the ideal hotel developer utilities. Often people do not paydifferences between the two. A hotel and operator relationship be attention to how much power or waterrequires a long-term strategy. Hotel achieved? they use because their bills are covered.
About the Infrastructure & Property Development MEA The marcus evans Summits group delivers peer -to-peer Summit 2012 information on strategic matters, professional trends and This unique forum will take place at The Four Seasons Hotel, Doha, Qatar, 7 - 8 May breakthrough innovations. 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. www.ipdsummit.com Please note that the Summit is a Contact closed business event and the number of participants strictly Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits limited. Division Tel: + 357 22 849 313 Email: firstname.lastname@example.org For more information please send an email to email@example.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to firstname.lastname@example.orgAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsAsian Infrastructure & Property Development Summit - www.aipdsummit.comBrazilian Infrastructure & Property Development Summit - www.brazilipdsummit.comTo view the web version of this interview, please click here: www.ipdsummit.com/AbdulAzizAlEmadi