Industry analysis indicated that the GCC’s construction sector is geared for a rapid expansion outpacing the broader economy with an average annual growth expected to range between 3.5% and 4% in 2023 and 2024, according to a report by the construction technology company Trimble.
The industry professionals that participated in the study agreed that digital technology improves project delivery, while 58% of them believed that digital transformation has the largest effect on overall project management.
According to the report, a trend of employing cutting edge technology prevails across the region’s sector. The stringent project deadlines, a construction technology provider said, has led to the adoption of numerous advanced innovative technologies such as Building Information Modelling (BIM), Connected Construction, Digital Twins, Robotics, and Artificial Intelligence (AI). Such technologies play a significant role in large scale, complex projects such as Neom, Red Sea Project, Etihad Railway, etc.
At present, the GCC countries are boosting their investments in various digital initiatives. For instance, Saudi Arabia developed its Saudi Vision 2030 program, while the UAE is launching numerous advanced initiatives through its UAE Digital Government Strategy 2025. More businesses in the region are resorting to adopting new technologies since it helps companies in the construction sector meet and overcome a variety of obstacles.