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News Article

Asset management industry to benefit from new UOWD postgraduate degree

Sunday, 24 July, 2016

The University of Wollongong in Dubai (UOWD) has recently introduced a new Master of Engineering Asset Management (MEAM) degree, designed for engineers who wish to combine the technical issues of asset reliability, safety and performance with financial and managerial skills.

With industries such as airlines, rail, telecommunication and energy developing at a rapid pace, the University has identified a strong demand for engineering professionals who have a thorough knowledge and understanding of asset management best practice. The gap in the market provided the University with a unique opportunity to introduce the MEAM program and is currently the only university in Dubai to offer this accredited and highly specialised program.

Professor Khalid Hussain, Dean of the Faculty of Engineering Information Sciences at UOWD said, “The emphasis of the new master’s degree is on achieving sustainable business outcomes and competitive advantage for organisation’s physical assets therefore equipping managers in the engineering sector to positively contribute to boardroom decisions”.

Reliability Engineering and Asset Management are critical fields of managerial and technical importance to the UAE and international industries with a majority of companies around the globe relying on their engineering asset managers to have a positive influence on a company’s bottom line. It is estimated that 20% of the annual typical operation cost is spent on maintenance and managing assets including its fixed plant, mobile equipment, civil, electrical and mechanical infrastructure.

The new postgraduate degree aims to equip experienced engineers with advanced technical and managerial capabilities to create a more competitive, cost-efficient and productive organisation.

MEAM focuses on evolving International Standards and best practice and equip asset managers with the advanced skills necessary to manage property, infrastructure, facilities, physical equipment and other assets through their lifecycle – key elements which are vital for any organisation’s success.

For enquiries in regards to this program, please contact us at info@uowdubai.ac.ae or 04 278 1800