Feasibility studies for projects in the Gulf, there are many feasibility studies for projects in the Gulf, where the Gulf countries are one of the most interesting cities for many investors and businessmen.
Because they have many of the basic elements of establishing projects, the group offers more facilities that greatly enable them to implement projects.
But all this requires a well-thought-out plan that helps you make the best profits.
Therefore, it is preferable to use the technology company, which is one of the most important leading companies in the field of preparing the economic feasibility study with high quality and distinctive efficiency.
It also provides all the detailed project information and data analysis so that you can develop the project in a way
Feasibility studies for projects in the Gulf
The feasibility study is one of the necessary things before starting the project, and it is also one of the initial steps that must be taken care of by the project owner.
As it focuses on the strengths and weaknesses of the project, as well as whether the idea of the project is really worth trying or not, it gives the project more new and distinctive ideas to be the focus of investors ‘ attention.
Therefore, the importance of the feasibility study lies in several different factors and these factors are as follows:
Avoid risks that lead to project failure
These risks and losses expected from the project are divided into several sections of these risks are:
Economic risks
It is one of the most common risks that cause the project to be stopped either permanently or temporarily, this exposes investors to large losses .
This is why the feasibility study is very important because it studies the economic aspect very much.
It includes the total costs of the project as well as the expected net profit from the project.
Technical risks
This requires the use of the technology company when preparing the technology because it helps you greatly to avoid the technical risks expected from the project.
Which is represented by significant costs on the equipment and tools of the project.
The feasibility study also outlines the basic hardware specifications needed to start the project.
Legal risks
Most of the projects that started without interest in the work of an integrated feasibility study for the project presented many legal problems.
That includes stopping some of the project paperwork as well as removal decisions.
However expensive the cost of preparing a feasibility study may be, it protects against a significant loss from the project.
Determine the optimal time to start the project
The feasibility study enables you to choose the right time to start the project through which you can achieve more expected profits from the project within a record period of time.
Identify the labor and staff needed by the project
The feasibility study is very keen on the selection of qualified people to carry out the project.
The project team is the basis for the success of the project and its rapid development.
So we must choose the labor very carefully and preferably they are of high quality and efficiency.
Steps to complete a feasibility study for a project in the UAE
There are several basic steps that must be taken into account when preparing a feasibility study for any project and these steps are as follows:
First step
It is necessary to choose the good or service that the project will provide, by doing several opinion polls, as well as discussing the idea of the project and doing an economic feasibility study.
The second step
It involves identifying the needs of customers for goods and services as well as studying the market well in terms of demand for products and the location of their sales within a specific period of time.
Step three
It is necessary to develop a thoughtful plan to realize the idea of the project in a distinctive way as well as about the method of operation of this project.
Step four
Identify the costs of the project and should be taken care of when preparing the feasibility study where the costs are divided into fixed costs and variable costs.
Step five
It includes estimating the sales volume of the project over a specific period of time as well as what is the right price for these products.
Step six
Depends on determining the quality of the project idea is the project suitable in terms of expected profits from the project, as well as whether the returns cover the real costs of the project.
Technical company for financial and management consulting
A technology company is one of the best leading companies in the field of financial and Management Consulting where it serves the project in various aspects, both financial and administrative as well as economic.
They also help the entrepreneur to achieve more expected profits from the project significantly and quickly.
In addition, it is working to add new and distinctive ideas in order to contribute significantly to the development of the project and make it the focus of attention of many investors and businessmen as well as working to identify the weaknesses of the project and work to strengthen them.
All these advantages make it occupy a distinguished position among other companies, it was able to get the trust of customers who have already dealt with it, it is truly one of the best companies specialized in the preparation of feasibility studies professionally and distinctive like no other.