$355 bln in UAE projects delayed or on hold due to economic crisis

Projects in the UAE that have been delayed or placed on hold have reached a collective value of USD 355 bln, thereby exceeding the total value of projects that are underway at USD 254 bln, according to data from Meed Projects.
With aims to help create cost effective and resource-efficient building designs that can be implemented easily and efficiently, Autodesk, the world leader in 2D and 3D design software for the manufacturing, building, and media and entertainment markets, has launched its 2010 ‘Building Information Modeling’ (BIM) and ‘Infrastructure Modeling’ (IM) software portfolio in Abu Dhabi.
“Developers in the region have to be more efficient in managing their resources now. We believe that the latest versions of our BIM and IM solutions can help optimise the construction and design process amidst the challenges posed by this period of economic downturn,” said Manish Bhardwaj, Field Marketing Specialist, Autodesk Middle East.
“With the launch of our 2010 portfolio, we are aiming to provide the architecture, engineering and construction companies in the country with more powerful tools that will help them deliver projects more quickly and cost-effectively amidst the challenges of today's economic climate.”
“Technology plays a crucial role in addressing the urgent need for more cost effective and energy-efficient building designs and practices, in addition to the development of projects across the industry. Our technologies have helped customers solve design and construction challenges more efficiently and productively, thereby helping them understand and improve the performance and operation of their designs before they are built,” concluded Dr. Jayant M. Deshpande, Director, CAD Division, OMNIX.