Invest in Dubai Real Estate, in partnership with the International Property Show, is gearing up to organize a Property Think Tank Program on 26th and 27th of May, 2021, at The Address Hotel in Dubai Marina. The two-day event is primed to be the most influential event in the Middle East this year, as it will cater to a more diverse audience involving various sectors and industries.
Through this one-of-a-kind event, Invest in Dubai Real Estate is ready to make its mark in the events industry once again and create bigger opportunities for its attendees. It will bring together participants from different fields to develop innovative solutions towards challenges in their respective sectors which will help in the overall upliftment of the real estate sector.
The members of the Think Tank Program will consist of experts in various fields and all members will be divided into groups, with each group representing a particular sector. Members will collaborate to share their knowledge, expertise, and research works, to innovate new solutions that solve specific challenges.
The program will welcome corporate leaders, real estate developers, investors, technology providers, financial experts, educators, industry specialists, professionals and innovators from different segments. Furthermore, all public and private companies, as well as local and international organizations are also welcome to join and share their knowledge on their respective fields or explore new ideas.
The event will present solutions to address challenges faced in the key sectors of finance, facility management, real estate FDI, marketing, government services, knowledge, lifestyle, smart cities, sustainable cities and PropTech.
For the Financing Sector, the delegates discuss new financing solutions and real estate security instruments that can be made available to lenders and borrowers in real estate that are looking to access working capital for buying and renovating property with the Global CEO of Sherwoods International Property, Iseeb Rehman.
As real estate has remained a popular vehicle driving financial wealth among investors, the Knowledge Sector may discuss innovative solutions with Dr. Hiba Jaber to improve the global competitiveness of professionals in the real estate industry.
Delegates in the Facility Management group can discuss new solutions to streamline the entire facility management process to ensure more functionality, safety and efficiency of real estate properties with the leader of the sector, Dilip Khatwani.
Foreign Direct Investment is crucial in the development of emerging and developing markets. FDI Delegates can brainstorm new solutions to further maximize returns and diversify internationally through real estate investments with Stefan Hickmott.
Real estate is one of the major contributors in the economy and governments must support the real estate market during challenging times. Under the leadership of Shahram Safai, the Government Sector may brainstorm the challenges and solutions when it comes to providing support to existing players in order to prevent a downward spiral.
Lifestyle is one of the most influential factors when buying and selling real estate properties. Nowadays, consumers are constantly seeking properties that have impressive environments and structure, not only to maintain their social status, but also to ensure their safety and security, as well as get the psychological and physical comfort they need. The Lifestyle Sector can discuss challenges and solutions in terms of becoming a positive driving force in enhancing the stability of the real estate industry with sector leader Dereck Hoogenkamp.
The Marketing Sector can brainstorm new solutions on how to sell real estate properties faster and improve ROI through new marketing techniques under Marketing leader Faisal Saeed Zaidi.
The development of smart cities is associated with greater efficiency through technology, thus increasing the value of properties and contributing towards urban development. The Smart & Sustainable Cities group can generate ideas on how to utilize technology more efficiently with the sector’s leader Karim El-Jisr.
The PropTech sector can develop new solutions to improve the positive impact of PropTech in the real estate sector by changing the way properties are bought and sold, streamlining the transaction process and developing solutions for better property management with sector leader Lynnette Sacchetto.
Key learning outcomes of the Think Tank groups will be presented after the brainstorming session. All participants will be given recognition after the activity for contributing their knowledge and expertise to address key issues.
This year’s edition will be highly beneficial to exhibitors since they will have access to a large pool of visitors which will effectively showcase their world-class projects, and generate lucrative business opportunities. The special onsite event will be an important hub for networking with key stakeholders, major investors and leading organisations, offering generous opportunities to build strong partnerships and collaborations.
Invest in Dubai Real Estate is an opportune event that remains committed to generate vast business opportunities for the Dubai real estate market and to strengthen the emirate’s leading position as an investor-friendly city. According to ValuStrat Dubai 2021 Outlook, new initiatives of the government including the provision of visas for expatriate retirees as well as the expansion of the 10-year golden visa scheme to draw foreigners to reside in the UAE are anticipated to support the real estate market this year.
Also, due to the development of vaccines gradually resolving the current health crisis, the economy of Dubai is expected to further stabilize, in addition to the upcoming Dubai Expo and the UAE’s 50th anniversary.
“The real estate sector is evolving at a rapid speed and it is important that we work together to innovate ideas and nurture connections, even outside the real estate industry. There is no doubt that this year will be even more successful and bring immense benefits to both exhibitors and visitors,” stated Mr. Dawood Al Shezawi, the President of the Organizing Committee of the Invest in Dubai Real Estate.
“The Think Tank Program, the newest offering in this year’s edition will certainly help in the promotion of global opportunities by allowing innovators and forward thinkers to explore and brainstorm solutions together under one platform. This will help address the issues faced in key sectors to ultimately boost the real estate industry, educating our global audience and offering fresh perspectives from diverse audience at the event. Without a doubt, the Think Tank Program will help us find ground-breaking solutions and gain knowledge that will help in the acceleration of economic growth and prosperity,”furthered Mr. Al Shezawi.
For more information on Invest in Dubai, please visit www.iidubai.ae.
Sign up for the event through the link: https://event10x.com/event/property-think-tank-program
Afghanistan: 500,000 jobs lost since Taliban takeover
More than half a million people have lost or been pushed out of their jobs in Afghanistan since the Taliban takeover, the UN International Labour Organization (ILO) said on Wednesday.
In a warning that the economy has been “paralyzed” since the de facto authorities took control last August, ILO said that there have been huge losses in jobs and working hours.
Women have been hit especially hard.
By the middle of this year, it’s expected that job losses will increase to nearly 700,000 – with direst predictions topping 900,000 – as a result of the crisis in Afghanistan and “restrictions on women’s participation in the workplace”.
Women’s employment levels are already extremely low by global standards, but ILO said that they are estimated to have decreased by 16 per cent in the third quarter of 2021, and they could fall by between 21 per cent and 28 per cent by mid-2022.
“The situation in Afghanistan is critical and immediate support for stabilization and recovery is required,” said Ramin Behzad, Senior Coordinator of the International Labour Organization (ILO) for Afghanistan. “While the priority is to meet immediate humanitarian needs, lasting and inclusive recovery will depend on people and communities having access to decent employment, livelihoods and basic services.”
Hundreds of thousands of job losses have been seen in several key sectors which have been “devastated” since the takeover, ILO said.
These include agriculture and the civil service, where workers have either been let go or left unpaid. In construction, the sector’s 538,000 workers – of which 99 per cent are men – have suffered too, as major infrastructure projects have stalled.
The Taliban takeover has also led to “hundreds of thousands” of Afghan security force members losing their job, said ILO, noting that teachers and health workers have been deeply impacted by the lack of cash in the economy, amid falling international donor support.
As the crisis continues to unfold, ILO explained that the Taliban capture of Kabul on 15 August, threatened hard-fought development gains achieved over the past two decades.
Domestic markets have been “widely disrupted”, the UN agency said, while productive economic activity has dropped, which has in turn driven up production costs.
At the same time, because Afghanistan’s reported $9.5 billion in assets have been frozen, “foreign aid, trade and investment…have been severely impacted”, ILO continued, pointing to cash shortages and restrictions on bank withdrawals, causing misery for businesses, workers and households.
Kids pay price
The lack of work also threatens to worsen child labour levels in Afghanistan, where only 40 per cent of children aged five to 17 years old attend school.
In absolute numbers, ILO noted that there are more than 770,000 boys and about 300,000 girls involved in child labour.
The problem is worst in rural areas – where 9.9 per cent, or 839,000 children – are much more likely to be in child labour compared to those in urban areas (2.9 per cent or 80,000).
To support the Afghan people this year, the UN’s top priorities are to provide lifesaving assistance, sustain essential services and preserve social investments and community-level systems which are essential to meeting basic human needs.
In support of this strategy, the ILO has pledged to work with employers and trade unions to promote productive employment and decent work.
The organisation’s focus is in four key areas: emergency employment services, employment-intensive investment, enterprise promotion and skills development, while respecting labour rights, gender equality, social dialogue, social protection,elimination of child labour and disability inclusion.
Construction PPE: What and when to use
Personal protective equipment is essential for construction sites. Every workplace has hazards – from offices to classrooms. However, a construction site has far more hazards than most, and extra caution must be applied. PPE can help keep everyone safe and secure, even when close to a hazard factor. Your employer should provide high-quality PPE to everyone on site. When selecting equipment, use a construction PPE supplier that is CE marked.
How to use PPE
Personal protective equipment is designed to protect you from potential hazards. For example, face masks and eye goggles are worn around toxic chemicals or contaminated air. PPE must fit correctly to be as efficient and safe as possible. A loose-fitting face mask could allow dust particles to squeeze through the gaps. Or ill-fitting thermal trousers could get caught/snag on edges or trail along the ground and cause the worker to fall over. Your PPE needs to be in good condition as well – If there are holes, rips and signs of wear on your PPE, it should be immediately replaced. It is your employer’s responsibility to provide adequate PPE.
PPE is a last resort
PPE is not the only safety measure that needs to be taken. Your employer should reduce the risks on site where possible. For example, a hazardous area should be signposted, and every employee should be trained properly. Every employee should go through health and safety training alongside frequent refresher courses. All employees should be trained in using the machinery on site before they begin operating it. PPE cannot protect someone who does not know how to act safely on site.
What types of PPE are used on-site?
Protective gloves should be worn when handling heavy machinery and sharp tools. The gloves need to allow enough mobility and flexibility so the individual can continue to work. Gloves can also help you grip heavy items and protect you from cold winter conditions.
A tool lanyard is useful for when you are working at a height. The lanyard connects to your wrist so you can carry lightweight tools. For heavier tools, you can use a stronger tether point, like your waist.
High – visibility clothing should be mandatory when working, especially at night. Everyone should wear high visibility clothing on-site, so they are noticeable by moving vehicles. Depending on the weather, you could go for a vest or thick coat.
Stay safe and wear personal protective equipment on construction sites.
Croatia Has Potential to Become a Blue Economy Champion in the EU
Croatia’s coast and sea are key national assets that contribute significantly to the country’s economy and give Croatia a competitive edge as an attractive tourism destination. The tourism sector alone contributed with 20 percent to Croatia’s GDP. Yet, as a semi-enclosed sea, the Adriatic is becoming increasingly vulnerable to impacts from economic activities, including a rapidly growing environmental footprint from the tourism industry. Climate change is likely to further exacerbate these effects.
To help Croatia foster sustainable and green economic growth while addressing environmental and climate impacts and protect its coastal and marine natural capital, the Ministry of Economy and Sustainable Development of the Republic of Croatia and the World Bank, convened leading national and international development and environment experts and stakeholders in a virtual workshop – Investing in a Sustainable Blue Economy in Croatia. The event contributed to strengthening the national dialogue on the Blue Economy and provided an added focus for considering Croatia’s coastal and marine natural capital in the country’s Blue Economy and Green Growth Development Strategy, as well in its climate adaptation and mitigation responses.
“Aware of the environmental pressure that tourism, with its unquestionable benefits for the economy, put on on water and the sea as key components of the environment, we are grateful to the World Bank for encouraging the discussion on the importance of the blue economy for Croatia, the opportunities for funding of certain segments of the blue economy and possible further steps. To reduce this pressure, the Ministry of Economy and Sustainable Development is implementing a number of water supply and sanitation projects. So far, within the Competitiveness and Cohesion 2014-2020 Operational Programme, a total of 60 water supply and sanitation projects worth HRK 25.78 billion including VAT have been financed, of which eligible costs amount to HRK 20.5 billion, while EU funds amount to HRK 14.36 billion. A significant part of these funds relates to projects in the Adriatic part of Croatia, taking into account the sustainability of Croatian tourism,” highlighted Elizabeta Kos Director, Ministry of Economy and Sustainable Development of Croatia, Directorate for Water Management and Sea Protection.
A Blue Economy model involves sustainable use of maritime resources for economic growth and improved livelihoods and jobs, while preserving the natural capital of the oceans, seas, and coasts. The Blue Economy model is at the forefront of the sustainability agenda globally and part of the European Green Deal (EGD), aimed at helping European Union members meet their economic needs while addressing their sustainability goals, including climate change adaptation.
“The World Bank is committed to supporting the Government of Croatia’s efforts to protect the country’s natural capital, address climate vulnerabilities, and reduce the energy intensity of the economy,” said Jehan Arulpragasam, World Bank Country Manager for Croatia. Croatia has the potential to become a Blue Economy champion in the EU, where it has the highest relative contribution of the blue economy to the national gross value added and employment, and the World Bank stands ready to support Croatia with its global knowledge to achieve this goal.”
To assess the challenges Croatia faces, a recent World Bank report on the cost of environmental degradation (CoED) in Croatia estimates economic and social costs of environmental degradation of Croatia’s marine and coastal assets due to loss of ecosystem services, inadequate waste and wastewater management, marine litter, air pollution, and the environmental impacts of tourism. For example, the loss of ecosystem services, which provide vital services and are the foundation for economic growth, including for the tourism industry, is estimated at EUR 90 million annually. Marine litter causes additional costs to port operations estimated at EUR 20 million or more annually, while insufficient treatment of waste and water pollution from the tourism sector is estimated to cost EUR 55 million per year.
“Oceans, seas, and coasts offer great opportunities for sustainable and inclusive economic growth in fisheries, aquaculture, mariculture, coastal tourism, marine biotechnology, and renewable energy,” noted Kseniya Lvovsky, Practice Manager, World Bank Environment, Natural Resources, and Blue Economy for Europe and Central Asia. “They also play a critical role in reducing greenhouse gas emissions by absorbing carbon from the atmosphere and in enhancing climate resilience of coastal areas. Sustainable management of marine and coastal resources requires collaboration across industries, public and private sectors, and nations.”
The virtual workshop gathered key stakeholders from the Ministry of Economy and Sustainable Development, Ministry of Sea, Transport and Infrastructure, Ministry of Physical Planning, Construction And State Assets, Ministry of Agriculture, Ministry of Tourism and Sport and other government agencies, institutes, development partners, the private sector, civil society, and leading national and international development and environment experts.
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