MUSCAT, OCT 21 - Technology innovation is expected to boost productivity and increase effectiveness for the Gulf Cooperation Council’s (GCC) construction market beyond mega-projects, industry players announced yesterday ahead of Trimble’s The Construction Summit Middle East, which will be held on October 25 in Dubai.
The event comes at a crucial time, with a recent report by research firm Preqin showing that the Middle East and North Africa has $42 billion worth of infrastructure deals completed.
New research from McKinsey Global Institute found that the global construction industry is ripe for disruption. Adopting best practices in seven key areas could boost productivity by 50 to 60 per cent, which would result in gains worth $1.6 trillion a year, or boost global GDP by two per cent.
“The research suggests large-scale industry players engaged in heavy construction such as civil and industrial work and large-scale housing tend to have 20 to 40 per cent higher productivity than smaller firms,” said Dr Ghassan Ziadat, Vice President of Major Projects, McKinsey & Company ahead of his event talk.
With the theme of “Delivering Innovation in Construction Through Technology,” The Construction Summit Middle East is a business forum aimed at enabling top players in the construction industry to boost productivity and increase effectiveness. The event will be hosted by Trimble, a global construction technology company that drives the digital transformation of construction and engineering projects.
“Construction is currently among the least digitised industries, and the sector will benefit from adapting to, and adopting technologies that increase productivity. Adopting technologies such as digital collaboration tools could raise productivity by as much as 15 per cent and reduce project costs by up to 45 per cent,” added Dr Ghassan Ziadat.
Civil engineering and construction professionals can learn about horizontal construction of roads and rails. General contractors and construction managers can enhance project management, cost control, and electrical design with 4D and 5D software such as Building Information Modeling, robotic station layout, and laser scanning.