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Sunset for bankers, rise for engineers
The article discusses the role of bankers in supporting and realizing Saudi Arabia's Vision 2030. Their presence has increased in major projects due to their expertise in finance, investment, and risk management. The article highlights that bankers contributed to the feasibility studies and assessment of projects, which in turn strengthened funding and investments, especially as global consulting firms expanded and provided additional safeguards for bankers when making decisions. It also emphasizes that the success of large-scale projects requires more than just financial analysis; practical implementation involves technical and logistical challenges that are not apparent in financial models. This underscores the importance of hands-on project management experience. Furthermore, it was noted that execution skills and engineering expertise are highly important, particularly in projects requiring precise technical management, with notable differences in how bankers and engineers approach projects regarding expectations and guarantees. In conclusion, the article affirms that managing large projects necessitates an integration of expertise across finance, engineering management, and operational planning to ensure success.
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