scrubbedexpat141

Official email from the big programme is that it's business as usual. Apparently AF family group / business have been told and agreed to / with that things should not change and things should not affect the tight timescales for an international event.

co durham boy

They can't and won't say anything else . The things a catastrophic mess .

Pongo

Perhaps Qatar not paying was a strategic decision....

scrubbedexpat141

They're on 3-4 of our projects but Expo is the one we're least concerned about.

co durham boy

What about that one in DCH ?

co durham boy

There's quite a few UAE companies had the their pants pulled down in Qatar .

scrubbedexpat141

Not sure to be honest.
The one on the palm couldn't be more of a trouble project if it tried so whether they stay or go I think is now irrelevant.

Millhouse

Sounds like my kind of project.

DXBtoDOH

So you make your fortune off others' misfortunes?

Millhouse

Not really. Most investments in MENA across the entire industry are underwater.

I’d love to work in a hedge fund buying distressed stuff though.

scrubbedexpat141

It's nearly finished, in fact, it's being dragged across the line...

weasel decentral

These are not unlucky or unfortunate projects, they are badly conceived, planned, financed and then of course badly executed.

They deserve to be pulled apart by vulture funds or the like.

DXBtoDOH

What is the biggest factor in determining whether a project is successful or not?

In my experience it's interfering clients who keep changing their minds during the design and construction stages. Too common out here.

UKCityGent

I would have to short your fund (for the interim) but as a side question why would you buy distressed assets in GCC - the lack of transparency and accounting practises alone would put me off

scrubbedexpat141

Poor resourcing.