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Fire guts UAC House, on Marina, Lagos

UAC of Nigeria Plc on Thursday informed the Nigerian Stock Exchange that there was an unfortunate fire incident yesterday, at UAC House, Lagos, its Corporate Head Office, which also houses the Head office of its Real Estate subsidiary, UACN Property Development Company PLC and other tenants.      

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The fire which started on the 10th floor of the building occupied by its tenants was contained after a while by the combined efforts of Lagos State Government Fire Service, and those of neighbouring companies as well as  its staff on ground.  The company said no life was lost in the incident, although a lot of damage was done to furniture and fittings of the affected tenants.

Meanwhile, the UAC management said it has activated its Disaster recovery programme and reported the incident to its insurers. ‘We are cleaning the offices which were flooded in the process of putting out the fire and working on restoring the facilities’, the management said.

Source: The Sun

35% of Benin/Lokoja highway dualisation completed, says Works Controller

Federal Controller of Works in Edo State, Oke Owhe, has disclosed that the ongoing re-construction of the Benin/Lokoja highway has reached appreciable level over 35.19 per cent.

Owhe, who stated this yesterday during an on-the-spot assessment of works on the highway as well as palliative measures carried out on the existing road from Benin to Auchi, said the road from Benin to Iruekpen axis was in good condition.

“The road was initially scheduled to be completed in 2018. Over 35.19 per cent has been completed, but with the work done so far, the completion will be reviewed,” he said.

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Owhe explained that some repairs were carried out on the existing roads in November last year as directed by the Minister of Works, Power and Housing, Babatunde Fashola, to make the road motorable pending the completion of the dualisation.

Some of the motorists commended the federal government for the palliative measures carried out on the existing road which has several failed portions, saying the development reduced their suffering on the road.

Meanwhile, residents of Government Housing Estate, Iguosa in Benin City, have expressed fear over the ravaging gully erosion in their community and the attendant threat to lives and property.

The residents equally appealed to Edo State and federal governments to hastily make financial commitment towards the reclamation work to World Bank for work to commence.

A resident, Mr. Jonathan Iweibor, told The Guardian that efforts to ensure reclamation work on the Iguosa Estate by the Edo State government is lip service saying, “In 2017 and 2018, Edo State goavernment used element of seasonal weather to make residents believed that they are sympathetic with the Estate residents that have more than 50 front line houses being submerged by the gully.

“Government has always given an excuse that serious work on the gully cannot be handled in the rainy season and this is the third (3rd ) year running on such excuses and promises that the gully would be fixed in a dry season.”

He added that over 70 houses have caved into the gully since 2014 when the gully menace was first noticed.

Narrating how Residents through the Association of residents of government Housing Estate, an official and administrative organ of the Estate have made, Iweibor said series of attempt to seek audience with the state Governor, Mr. Godwin Obaseki failed.

“Residents through the Association of residents of government Housing Estate, an official and administrative organ of the Estate have made series of attempt to seek audience with the Governor Godwin Obaseki which he declined by referring the Association Stakeholders to Executive Chairman of Edo State Development Property Authority (EDPA) and the Hon. Commissioner for Environment. “Iweibor said.

Another resident who pleaded anonymity while commenting on the ravaging gully said the European Union investment Bank on 27th September, 2018 visited the gully site with NEWMAP, their agent saddled with the responsibility of planning, designing for an on the spot assessment in their address to the residents, they made it clear that they would not come to fix the gully until government make their finance commitment even though they would have loved to raise the quality of life of the people in this regard.

According to the source,” Since the visit of the European Union Investment Bank in September, 2018 many front line house owners have regrettably relocated to become tenants under very sorrowful circumstance.

“These residents that have relocated include a retired Professor, retired Engineers, retired Matrons from University of Benin and University of Benin Teaching Hospital (UBTH) to mention but a few while the Nigerian Police Station building and the building inherited by a
non-employed orphan has collapsed.

One of the motorists, Sunny Omiagbe, a truck driver said the Ekpoma axis of the road has been drivers headache before the palliative measures by the federal government.

“ it used to take us four days before being able to cross the road due to grid lock occasioned by deep gullies on it but since the palliative there is free flow of traffic on the road,” Omiagbe said.

FIABCI–Nigeria Holds Annual Property Awards/Dinner

The International Real Estate Federation (FIABCI), the most prestigious real estate organisation in the world, through its Nigerian Chapter, will today,hold its Business Forum and Annual New Year Dinner & Awards at the Lagos Oriental Hotel, Victoria Island, Lagos.

The forum which has the topic, “Ease of Doing Real Estate Business – The Nigerian Experience”, will have its business forum held by 10 am, while dinner will take place by 6pm today.

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FIABCI is the French acronym for “Federation Internationale des Administrateurs de Bien-ConselisImmobiliers” which means “The International Real Estate Federation”.

Membership cuts across all sectors of the Real Estate Industry- Commercial, Residential, Luxury, Retail, Industrial etc. With members in 65 countries including 100 Professional Associations, 65 Academic Institutions, and 3000 Individual members, FIABCI holds special consultative status with the Economic and Social Council (ECOSOC) of the United Nations.

This Property Awards and Dinner, organisers say is an affirmation of FIABCI’s idea of providing our society with optimal solutions to its property needs and helping make their world a better place to live, work and enjoy.

This, we do, by converging major players in the real estate sector to discuss topical issues affecting the industry in a relaxed environment. We go a step further by showcasing and honouring real estate projects that embody excellence in all discipline involved in their creation such as Architecture and design, Development and Construction, Community benefits, Environmental impact, Financial and Marketing success.

Also, a Property Scorecard which will be used as a Model for Assessing Real Estate Transactions in Nigeria will be unveiled at this event.

Singapore braces for tougher times as China slows down and the trade war heats up

Singapore, a country with a population of just about 5.6 million, is one of Asia’ top financial centers and a global trading hub.

It has for decades been one of the world’s most impressive growth stories. The Southeast Asian nation is among the top 10 countries in the world with the highest GDP per capita,according to World Bank statistics.

However, the country’s central bank warned late last year that its export-driven economy would likely be hurt in the coming months by the ongoing U.S.-China tariff fight.

Singapore is currently the biggest foreign investor in China. Asia’s largest economy, meanwhile, is also Singapore’s biggest export market. But, as Beijing braces for a continuation of its current slowdown, the Southeast Asian city-state may have to prepare for more challenges.

In January, Singapore reported that its economy grew 3.3 percent in 2018 — slower than the 3.6 percent recorded the year before. It also emerged last week that the country’s exports fell by 8.5 percent from last year, making it the worst decline in more than two years.

That export figure was unexpected, and widely missing the 1.5 percent increase predicted by economists in a Reuters poll.

Economic foundations

Still, experts said that Singapore was likely to weather the coming trade storm because of its solid economic foundations.

Taimur Baig, chief economist of Singapore-based bank DBS, highlighted the country’s strength on a real GDP per capita basis. On that metric, Singapore beats highly developed countries like Germany and Sweden.

Singapore’s strong economic position is “an outcome five decades in the making,” he explained, noting policies like its infrastructure investment as well as its national housing program.

Meanwhile, Steve Cochrane, chief Asia Pacific economist at Moody’s Analytics, said the island enjoys “prosperity” because it has been able to boost both its labor force and productivity.

Singapore also has some “shock absorbers” that help to shield from global turbulence, according to Baig.

Some of these include the country’s large pool of national savings and room for policymakers to deal with sudden changes in demand. These factors allow Singapore to deal with swings in the global cycle and still maintain its wealth, he added.

Singapore is also angling for a sizable share of the advanced technology marketplace, pushing efforts to develop high-tech systems and manufacturing in the city-state. Song Seng Wun, an economist with Malaysian bank CIMB, noted that such moves highlight the country’s need to be an attractive place for global businesses, pointing to British firm Dyson’s decision to build their electric cars in Singapore.

Ultimately, though, Singapore’s fate remains tied to the region as a whole. That is, Cochrane said, it will benefit if its Asian neighbors see economic success.

“Singapore wants that to happen — the more prosperous the region is, the better opportunities it creates in terms of travel, investment and consumer spending across the region,” he said.

Source: Xin En Lee

Katsina Refinery: Why Construction Stalled

The proposed construction of a new refinery in Katsina state has failed to take off one year after agreement for the project was reached between Nigeria and Republic of Niger,reports reveal

Officials familiar with the project said it has not kicked off because the Nigerian government was yet to secure the commitment of China’s state oil firm the China National Petroleum Corporation (CNPC) to supply its crude share in the Agadem oil field to the proposed refinery in Katsina, Nigeria.

In February last year, Nigeria’s ministry of petroleum resources announced that a mutually beneficial agreement was reached for the construction of a refinery in Mashi,  the border town between the Republic of Niger and Katsina State, Nigeria, and a crude oil pipeline from the Republic of Niger to the new refinery.

Later in July, the minister and his Nigerien counterpart, Foumakaye Gado, signed a Memorandum of Understanding (MoU) in Abuja on the construction of the refinery in the presence of both countries’ presidents.

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Two committees – a Steering and a Joint Technical Team – were set up to determine the feasibility of the projects and were expected by December 2018 to come up with a detailed road map and guideline leading to actual execution of the projects.

But it was gathered that the Katsina refinery and pipeline project would not start except the Nigerian government is able to convince CNPC to commit its crude share in the Agadem oil block in Niger for the proposed refinery.

CNPC holds operating permit and 80 per cent of the proven crude oil reserve in the Agadem block located in the semi-arid eastern region of Diffa, bordering Chad with estimated one billion barrels oil reserves. CNPC is already pumping oil in the Agadem block for primarily Niger’s domestic use.

Niger, which owns 20 per cent of the crude, is keen to ramp up its production and had opened talks with its southern neighbour Benin on the possibility to export its oil via a pipeline that will link its oil fields to the port of Cotonou in Benin.

Though safer than the Chado-Cameroonian pipeline route, which already exists, experts said this alternative is much more costly, as Niger would have to double its investment in the project and build a pipeline in its territory, and another one in Benin.

Speaking on some of the challenges holding back the Katsina refinery project, Nigeria’s Engr. Rabiu Suleiman, who heads the Joint Technical Team that is developing a road map and strategy for the refinery and pipeline projects, noted the Nigerien government, as of today, has committed its 20 per cent oil share at the Agadem oil block to Nigeria.

“The owners of the 80 per cent, the Chinese were looking at Nigeria in the first instance, Benin Republic and Cameroon through Chad.

“We are discussing on how the Chinese can withdraw from the understanding they have with Benin Republic without any litigation and come back to Nigeria and dedicate crude for Nigeria,” Suleiman said.

“The minister of Niger confirmed to us he is pushing hard for the Chinese to agree to the Nigerian project rather than Benin,” he added.

“To run a pipeline from Agadem to the Benin Republic sea port is like 2080km which will be very costly compared to Agadem-Katsina which is just 120 to 150km. The cost of 1km pipeline of the size we are talking about is about $1.5m. If you do a 2000km plus pipeline it means you have to invest over $3bn on the pipeline alone,” he said.

Engr. Suleiman said a Nigerian delegation, including petroleum ministers of Niger and Nigeria, will head to China between now and March to convince the Chinese authorities to agree to the Nigerian project rather than Benin.

“We had a meeting with the ambassador of China and the minister of foreign affairs on the directive of President Muhammadu Buhari that we should use whatever political and diplomatic pressure on the Chinese government to talk to the company in Niger to bring their crude to Nigeria,” he said.

He added that “the ambassador has been given a letter to send to China to arrange for a meeting between Nigerian and Nigerien delegation led by the two ministers for petroleum to meet with the headquarters of the Chinese company (CNPC) and convince them that the crude to Nigeria is more economical and more beneficial and to come back with the commitment that they have agreed either in whole or in part to give us their 80% and to add to the 20% that Niger has so that we can put a sizeable refinery in Katsina.

“These are the discussions that are going on. Unless we achieve that we may not be able to kick start the project.

“If we had resolved this issues long time ago December was enough to have taken President Buhari to Katsina to go and lay foundation.

“We have gotten extension up to March to go to China to discuss all these with them, come back and report back to the two presidents of Niger and Nigeria,” he said.

Reports say the initial plan by the federal government to construct about 1,000km pipeline that will convey crude oil from Republic of Niger to the Kaduna refinery in Nigeria has been jettisoned for the Katsina refinery project.

As part of efforts to address frequent disruptions of crude supply to the Kaduna refinery, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, had in November 2016 confirmed that the federal government was planning to construct about 1,000km of pipelines that will transport crude oil from the Nigerien oil field in Agadem to the Kaduna refinery.

To actualize the plan, the NNPC GMD said the corporation would hold discussions with the Chinese firm operating the Agadem oil field.

But it was learnt that the project would no longer go ahead because it would not be economical to run a pipeline all the way from Niger Republic to Kaduna refinery.

NNPC spokesman Ndu Ughamadu said either the Katsina refinery or both projects “are in national interest.”

Engr. Suleiman said it was tested and discovered that Niger crude could not be processed in Kaduna refinery.

“The design of Kaduna refinery cannot process Niger crude 100 per cent. You have to blend it with Nigerian crude coming from Warri and Escravos. You can only blend 8% of Niger crude with 92% of Nigerian crude. 8% of Niger crude means only about 5000 barrels per day if Kaduna refinery is running at 100% capacity. So, 5000 barrels per day is not economical to run a pipeline all the way from Niger to Kaduna,” Suleiman said.

“That is why we are looking at the option of a border town like Katsina to do a brand new refinery that will process entirely Niger crude. That will save the cost of pipeline to Kaduna and will save the cost of upgrading Kaduna refinery to satisfy Niger crude. If you upgrade Kaduna refinery to satisfy Niger crude you have jettisoned the pipeline from Warri to Kaduna. What would you do with the pipeline and crude that we have spent money to build a refinery for and a pipeline for that?” he added.

PenCom set to launch micro-pension scheme

All is now set for the launching of Micro Pension Scheme by the National Pension Commission (PenCom) this month, an initiative expected to attract over 20 million workers and N3 trillion into the pension assets.

With total pension assets as at October 2018, at N8.45 trillion, the country’s pension assets are expected to rise astronomically by the time the initiative kicks off.

Investigations revealed that the pension industry regulator, PenCom, has put all mercenaries in place to ensure smooth launch of the plan and to ensure seamless operations, the regulator, together with pension fund operators, has built robust Information Technology (IT) infrastructure that will support the plan.

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The commission has also had engagements with informal sector groups, like the Nigerian Union of Textile, Garment and Tailoring Workers of Nigerian (NUTGTWN), a body consisting Self Employed Tailors and Garment Workers; partner trade associations, Non Governmental Organisation (NGOs) and religious bodies, in a bid to persuade them to subscribe to the micro pension plan.

The Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar, the  implementation of the Micro Pension Plan will improve the standard of living of the informal sector participants at retirement and reduce dependence on extended family for support at retirement.

The plan, when operational, she said, would capture self-employed people, especially, those with irregular income, usually in the informal sector and are largely financially uninformed with limited or no access to financial services, especially, pension plan.

Section 2(3) of the Pension Reform Act, 2014 legal framework extends the coverage of the Contributory Pension Scheme (CPS) to self-employed persons through micro pension scheme.

The Head, Research and Corporate Strategy, PenCom, Dr. Farouk Aminu, had, at a forum in Lagos, said the commission is working on ensuring that the plan commenced as planned, noting that, this is a development that could enhance the growth of pension assets in the country.

He stressed that the plan has the potential to generate about N3 trillion to the pension assets, while it intends to mobilise about 12 million contributors within five years.

On benefits to be derived, Dr. Aminu, noted that self-employed people and workers in the informal sector could reap by participating in the plan, saying, the scheme, in addition to providing income for people at old age and inculcating a savings culture through highly protected and regulated investment, the plan would afford them the opportunity to connect to other programmes of government while helping to finance infrastructure across the country.

Subscribers could, as well, use the balance in their Retirement Savings Accounts (RSAs) as equity contribution for residential mortgages and support their businesses,  he said.

He stated that additional benefits to self-employed persons and informal sector workers include the cover provided under the Pension Protection Fund (PPF), explaining that under this arrangement, Government would bridge shortfalls or financial losses from investment of their accumulated retirement savings and guarantee them minimum pension in retirement, irrespective of how much they are able to save before retiring.

He posited that the plan would be funded by an annual subvention of one per cent of monthly wage of Federal Government employees, annual levy on PenCom and pension operators as well as pension fund investment income.

However, the Head, Corporate Communications, PenCom, Peter Aghahowa, said the micro pension scheme is made flexible for people to easily join, while the method of contribution is decided by the contributors, who are to choose whether to contribute daily, weekly, monthly, quarterly.

The Deputy Zonal Head, South-West Zone, PenCom, Sola Adeseun, said the micro pension plan has similar built-in safety measures like the Contributory Pension Scheme (CPS).

According to him, the separation of duties in the management of pension assets, where the Pension Fund Administrators (PFAs) administer the fund and the Pension Fund Custodians (PFCs) keep custody of the fund remains one of the best safety valves in securing the funds.

The President, Pension Fund Operators Association of Nigeria (PenOp), Mrs. Aderonke Adedeji, on her part, said the operators are anxious, to get the workers into the scheme, stressing that Micro-pension remains one of the key focal points for development over the next 10 years.

Six reasons why you (Artisans) must not miss the Construction Artisans Awards/Skills Expo

Construction sector is one of the most important sectors in the economy. It generates about 10 per cent of Gross Domestic Product (GDP) and positively influences the growth of employment in other related economic activities.

However, contractors need good and skilled artisans to effectively deliver projects of high quality. But there is a level of professionalism required for construction work as an artisan, or tradesman. This covers competence in building plans and specifications, methods of construction and materials management.

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It is in view of this that C-STEmp, has put together the Construction Artisans Awards/Skills Expo.If you are an Artisan hoping to take your trade to the next level,here are six reasons why attending the Construction Artisans Awards/Skills Expo is non negotiable;

1. Opportunity to be identified and registered as a proud and competent artisan

2. Network and learn how to improve your business and prospects for getting jobs from major real estate developers and contractors in the country and abroad

3. Opportunity to Learn how to increase your income and growth prospects through small scale building materials production

4. Opportunity to register your business with support from C-STEmp and other sponsors

5. Opportunity to obtain tools and equipment on hire purchase from banks or as gifts for winning or participation at the event

6. Be among the new breed of artisans to be groomed and supported to do business as subcontractors in their respective trades and be recognized in the society and your community.

So, if you are an Artisan,you can enjoy these benefits and many more,if you participate in the maiden edition of Construction Artisans Awards/Skills Expo,taking place on the 28th to 30th of January 2019,at the Old Parade Ground,Area 10,Garki-Abuja.

Source: Affa Dickson Acho

Japan, not China, may be winning Asia’s infrastructure investment contest

Before China began courting Southeast Asia with infrastructure investments through its Belt and Road Initiative, Japan was the region’s top development financier. As the two powerhouses now compete for economic and commercial influence, some are saying that Beijing may be winning the battle but losing the war.

That is, Tokyo may be unable to match the sheer volume of Beijing’s investments, but it ranks ahead in terms of reputation and local impact, according to experts.

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Japanese ventures within emerging Asia, which first began in the late 1970s through multinational companies before the government spearheaded its infrastructure connectivity blueprint in the 1990s, are seen as the poster child for what the G-7 and OECD call “quality infrastructure.” Such projects boast high safety, environmental, reliability and inclusion standards in addition to improving overall logistics in a developing area.

For example, the Japan Bank for International Cooperation claims that its loans to Vietnam for a national highway and port upgrades boosted rural household incomes, reduced poverty levels and boosted efficiency.

While several campaigns under Chinese President Xi Jinping’s Belt and Road are also considered “quality infrastructure,” they are often overshadowed by broader concerns about the venture — which has long been viewed as a platform to project Chinese power across the globe.

“The BRI’s aspirational investment levels tell us little, if anything, about the actual impact of new infrastructure projects,” Jonathan Hillman, senior fellow and director of the Reconnecting Asia Project at the Center for Strategic and International Studies, said in a 2018 report. “Will that spending help people who need it most? Will it go into viable projects or white elephants? Will it help or hurt climate change? Will it create or destroy value?”

Local engagement; transparency

Railroads, communication networks, and agricultural developments built by Japanese corporates and government-linked institutions are especially valued for the technical training and education they provide to local stakeholders, experts said. That goes a long way in cultivating goodwill between Tokyo and host countries.

Japanese Prime Minister Shinzo Abe’s administration said in November that it will help Southeast Asian countries groom 80,000 manufacturing and digital industry specialists over five years as part of its push to build smart cities across the region. In contrast, Belt and Road participants often complain of a lack of local engagement— many Chinese-led construction endeavors are accused of importing the bulk of materials and labor from China rather than involving local companies.

There are also fears of corruption for Belt and Road projects. In one instance, Chinese officials allegedly agreed to inflate the cost of infrastructure projects in Malaysia, the Wall Street Journal reported earlier this month — a claim that Xi’s government has denied. On that front, Beijing can learn from Tokyo, Hillman said in a note this week.

“When the former Philippine president Ferdinand Marcos fled office in 1986, his papers exposed a system of corruption implicating dozens of Japanese companies. The resulting embarrassment in Tokyo helped catalyze real reforms, leading to greater transparency, more open competition, and eventually Japan’s first official aid charter.”

Sustainable financing

Japanese financing is also widely seen as more reliable givenTokyo’s longer track record in development finance.

“Compared to China’s state-backed projects, Japanese projects are more resilient because they have a large number of financial backers,” said a 2018 paper published by The Institute of Developing Economies, an affiliate of the government related Japan External Trade Organization.

Many Japanese projects have private backing by Mitsubishi, Toyota,Nintendo and Sumitomo Mitsui Financial Group —companies that are advancing economic integration in Southeast Asia and know the importance of people-to-people ties in the region, the paper continued.

On the other hand, the fact that China’s largest lenders only publicize projects after contractors are picked, rarely release loan terms and are slow on implementation doesn’t instill trust in the Belt and Road, Hillman said. Concerns about the terms of Chinese financing have now led to a number of deals being canceled or renegotiated in recent months.

“Beijing may have excelled at making promises, but Tokyo has been far better at delivering and, in doing so, exerting its influence,” the Foreign Policy Research Institute said in a 2018 note.

Source: Bay Ismoyo

Construction is N.Y.C.’s deadliest industry, according to annual reports

Construction is one of the most dangerous occupations, especially in New York City, home to some of the world’s tallest skyscrapers. While construction accidents are commonplace, statistics collected over the past ten years demonstrate that construction tops the charts as New York City’s most lethal industry, with more injuries reported last year than any other year following the post-recession building boom, as reported in the Commercial Observer.

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According to the Bureau of Labor Statistics, the number of construction-related deaths in New York City has remained steadily high over the past few years, with a slight decrease from 21 to 20 annual deaths in 2017.

The most recent construction fatality, according to the New York City Department of Buildings (DOB), occurred in November 2018, when a worker was crushed by a forklift on the site of a six-story residential condo in Bedford-Stuyvesant, Brooklyn. One month prior, a worker repairing the facade of a 20-story co-op in Kips Bay, Manhattan, died after a fragment of the building collapsed on top of him.

Despite these gruesome accounts, there are still incidents that have yet to be reported, as the DOB only tracks deaths related to a violation of the city’s construction code, rather than tracking all work-related injuries on the job site. There are at least a half-dozen more fatalities that occurred in 2018 than the 12 cases reported by the DOB, bringing the actual number closer to 20.

Although the annual death toll has remained constant in recent years, construction accidents surged significantly in 2018. According to the DOB, 761 construction workers were injured last year, which is a 13 percent increase from the 671 incidents that were reported in 2017.

Due to the elevated injury rates, the City Council has implemented a number of measures aimed at protecting construction workers and reduce accidents and deaths on job sites. Among them was a law passed in September 2017 mandating construction workers to attend at least 40 hours of safety training by September 2020. The rise in construction-related accidents since then may indicate that employers are not taking these safety precautions seriously, and that the city is not doing enough to protect construction workers from deadly mishaps.

Source: Ali Oriaku

Milan To Host 4th Edition of Real Estate Development Summit

The Real estate sector today is burgeoning at a pace where the iconic structures, innovation and the ever-changing market dynamics, keeps project owners and solution providers across the world on hooks.

Prospective buyers and suppliers are eager to understand what it takes for them to be at a place where they can make the most of real estate trends and build a strong network for collaborations.

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After the tremendous success at the East African, West African and the India Edition, GBB is all set to present the summit at Europe which is scheduled to take place on 21st & 22nd February at the Sheraton Milan Malpensa in Milan, Italy.

The summit will host 50 handpicked Solution Providers from Europe and 100 Project Holders from Europe, Middle East, Asia, Africa and Russia. After a meticulous and thorough selection process the highlight of the RED summit this year will focus on personalized face to-face meetings, purposeful networking, and impact knowledge sharing sessions and insightful panel discussions.

RED summit brings together professionals from a gamut of different players from the industry. RED summit ensures that the one-to-one meetings take place with C-level executives or key-decision makers who are abreast with the finest trends in real estate development, providing latest market insight, helping you make decisions that increase your efficiency and success.

Our sole focus would be to identify the challenges faced by the Project Holders, while sourcing appropriate material suppliers, service providers, and other real estate project related solutions, and connect the local business owners to leading global market leaders who are handpicked based on decades of accumulated experience in the industry.

Attending the RED Summit-Europe is not only for maximizing networking opportunities but also adds some variety to your busy life. Meeting a whole set of new people, exploring the uncharted territories and enjoying a drink with peers is a bonus at the event.

Source: Africa.com

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