The 2010 Global Construction Summit, hosted by McGraw- Hill, was attended by leaders in the industry from around the globe. The 24 countries that were represented from around the world were in key global areas of development, construction, and infrastructure. Sustainable and renewable energy are major areas that are thriving in the present construction markets. An entire sustainable city , Masdar City, is currently being built in Abu Dahbi, AE. this is a prime example of the technology and building practices that are in place today. The London 2012 Olympic Village in London was explained by Dan Epstein, Olympic Delivery Authority, Head of Sustainable Development. The Olympic village and surrounding housing and commercial buildings are being built entirely self sustainable, this is sure to motivate the world in to this “new way of thinking”.
Michelle Moore , Federal Environmental Executive, stated that the Federal Government has set some challenging goals for themselves. All Federal buildings will be “net zero” by 2020, which means they will be 100% sustainable. The Government has allocated $500 billion per year for this venture, they feel the savings on fossil fuels will offset this cost, the sustainability plan will be out by June 2010.
David A. Wyss, Chief Economist, Standard & Poor’s gave an incredible speech regarding last years recession, that’s right, last years. According to David, ” the recession ended in the 3rd quarter of 2009″ he went on to further point out that “we know its over, because it stopped getting worse”. He had numerous graphs and power-point demonstrations that were very insightful on the Global Economics, from where we have been, to where we are going. There are plenty of reason’s to be optimistic about the future of the Construction Industry, especially in the “green” building sector.
An interesting quote was given by Harold McGraw III in his closing statement, “……billions and trillions of dollars are being kicked around, WOW”.
A shortage of skilled workers is expected in the near future as the global workforce is aging, this sentiment was shared by Jim Dougan, President, PCL Constructors Canada, Inc. and Thor Geir Ramleth, CIO, Bechtel Group, Inc. There is a global concern about getting the younger generation excited about a future in the Construction Industry, it is up to the Industry leaders to make strides in this very concerning area, the higher technological advances in the Industry needs to be advocated to the emerging public.
There were many more exciting speakers at this event, I will update in the future.
Thank you McGraw-Hill for hosting such an informative Conference. #2010GCS