Jeddah summit to explore new trends in facilities management industries

There are already many green FM projects running in places like KAUST (pictured) and Saudi Aramco.
Updated 13 January 2017
0

Jeddah summit to explore new trends in facilities management industries

JEDDAH: Leaders of the facilities management industry (FM) will meet at an international level summit in Jeddah on Sunday to discuss FM solutions and new trends in the cleaning, and waste management industries.
The Facilities Management Leaders’ Summit will take place at the Jeddah Center for Forum and Events in parallel with the FM Expo Saudi and Saudi Clean Expo from Jan. 15 to 17.
The FM service industry, which is concerned with the operation and maintenance of buildings and properties, is witnessing a fast growth in Saudi Arabia.
The event will address this evolvement by highlighting major infrastructure projects, higher rates of outsourcing as well as regulatory plans.
“This summit is an essential step in the progress and development of the FM industry in Saudi Arabia,” Mohammad Tassi, who will be giving a talk on Green FM, told Arab News.
“Conferences and educational summits are cornerstones as they provide vital knowledge, exposure to various specialties in the field, which is still evolving, and give the chance for people working in the industry to exchange ideas and expertise.”
The summit will discuss the business opportunities for the FM sector in Saudi Arabia. It aims to outline the potential impact on the facilities management and asset management sectors in line with the 2030 Vision, and will also focus on raising the awareness on green environment friendly FM.
“There is a huge potential in Saudi Arabia,” added Tassi, who is the director of facilities, King Abdullah Petroleum Studies and Research Center (KAPSARC) based in Riyadh.
“The FM industry is still evolving and the green FM is in its early stages. I can already see many green FM projects running in places like King Abdullah University of Science and Technology (KAUST) and Saudi Aramco. But at the same time you find other places where you feel that green FM implementation is missing. The industry is still growing.”
He said that training and education in this area is crucial as well as the change of human behavior.
“We need to think about FM in a comprehensive manner and as a science rather than just a maintenance practice. Once we change the perception about FM, we can start moving forward in the knowledge, expertise and the implementation,” he told Arab News.
The opening remarks will be chaired by Lionel Prodgers, managing director of Agents4RM.
Other speakers include Richard Naylor, CEO of DTZ, Alistair Stranack, partner at Credo Business Consulting, Saleh Al-Rajhi, general manager of Advance Facilities Management, and Barry Clarke, general manager of Qatar and Saudi Arabia Mace Marco.


Barclays payments to Qatar would have been ‘unacceptable’ to market, London court hears

Updated 19 February 2019
0

Barclays payments to Qatar would have been ‘unacceptable’ to market, London court hears

  • The UK Serious Fraud Office alleges that four bankers agreed to pay £322 million in secret fees to Qatar
  • It is claimed that Barclays agreed to pay Qatar more than double the standard 1.5 percent investment commission and hid this from other investors

LONDON: Former Barclays Chairman Marcus Agius could not remember if he was told the bank was paying higher fees to Qatar than other investors during an £11.2 billion ($14.6 billion) fundraising in the depths of the 2008 financial crisis, a London court heard on Tuesday.

However he said that paying such commission to one set of underwriters and not the other would have been “unacceptable to the market.” Agius is not accused of any wrongdoing.

He was the first witness to testify in the trial of four former Barclays executives, who include the then CEO John Varley.

“I would have wanted to understand why it would’ve been necessary,” he told the court.

The UK Serious Fraud Office alleges that the four bankers agreed to pay £322 million in secret fees to Qatar.

During the fraud trial — which began in January — the prosecution told the court that the then Qatari Prime Minister Sheikh Hamad bin Jassim demanded a personal fee for investing in Barclays.

It is claimed that Barclays agreed to pay Qatar more than double the standard 1.5 percent investment commission and hid this from other investors by making the payments through what prosecutors alleged were bogus Advisory Services Agreements, or ASAs, Southwark Crown Court heard.

Agius also told the court that he feared resignations from the board in 2008.

“Any one of them might have said, ‘This wasn’t what I signed up for, how do I get out of here?,’” he said.

“I’m clear that in June 2008 we at Barclays did not anticipate how much worse things were going to get. I don’t think we thought it was going to go as badly as it ultimately did.”