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November 28, 2010
Present and Future
Now despite global economic conditions, the company that Medardo built stands strong and confident. Although some of the firm’s jobs were delayed, they are still on the move. Some of their present projects include massive developments like the Manar Mall and Al Hamra Centre in Ras Al Khaimah (RAK), the Uptown Yerevan in Armenia, Lausanne Golf Village in Kyrgyztan, and the Dazana Lake City in Jakarta, to name a few.
“Because we were able to nurture clients, in such a way that we have become very close as partners in business, when the crisis hit Dubai, we did not have to make terrible adjustments,” Medardo explains the current situation of his company.
Forecasting on the crisis situation, he says, “Because of the previous holidays the slowdown will persist. The beginning of 2010 will gain cautious confidence but it will only be in the second quarter when people will start investing, and banks will be lending that the market will pick-up. In fact, I am preparing my staff for this possible good change. As to construction, we need at least three years to fully recover.”
In the next five years, Medardo says he’s looking forward to the succession of talents in his company as well as expanding his operations from 14 to 20 countries around the world. Currently, he is reinforcing the firm’s human resources by adding a new breed of talents which will include an English and German staff in the coming months.
“I would like to think that I am easy to work with,” said Medardo, the man behind the towering buildings in countries across the globe, reflecting on his leadership style. He shares that he is not the type of business head who loves to be called “boss.” Staff call him by his first name and that, he says, has promoted a more open relationship, leading to creativity in his firm. He observes, “The open doors in my office paved the way to more ideas. I do not care if it is mediocre or a great idea. My job is to help turn that idea to a greater one.”
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Good day,
I’m currently doing my research on Mr. Cadiz for my term paper.
May I know what issue of Illustrado is this article published on?
Thanks!