World Bank Infrastructure: FIDIC CEO calls for better collaboration

By Andrew Woods
FIDIC chief executive Dr Nelson Ogunshakin has called for much better collaboration between investors, developers and consulting engineering professiona...

FIDIC chief executive Dr Nelson Ogunshakin has called for much better collaboration between investors, developers and consulting engineering professionals throughout the project life cycle, while speaking at the World Bank Global Infrastructure Facility (GIF) advisory council meeting in Singapore this week.

Ogunshakin told a high-profile audience of government representatives, multilateral development banks, private sector investors and financiers that working together to achieve better project development definition will secure an “enabling environment that will improve preparation and investment feasibility, transaction design and implementation and post-transaction and financing stages of projects”.

SEE ALSO:

NPCC wins $450m contract from ADNOC to build offshore field

$1.5bn Offshore concession agreement signed by OMV and ADNOC

Saudi Aramco has revealed the six prequalifying firms for its $6bn Berri oilfield project

Read the latest issue of Business Chief, Middle East edition, here

 

Ogunshakin also highlighted the need for wider utilisation of standardised procurement contractual process and greater standardisation on financing documentations.

FIDIC is an advisory partner the World Bank of GIF, which is a partnership among governments, multilateral development banks, private sector investors, and financiers which provides a new way to collaborate on preparing, structuring, and implementing complex project and collectiverly, the GIF Partners have in excess of $1.2 trillion of infrastructure asset under management.

 

Share

Featured Articles

Saudi Arabia to build three new stadiums for Asian Cup 2027

Tournament will be hosted across three cities and 10 stadiums, SAFF says

Neoen’s Storen Power Reserve begins construction in Sweden

Notice to Proceed given to Nidec at the end of December 2022, French renewable energy producer says

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Construction Projects

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Construction Projects

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management