Page 24 - PROCORE PR REPORT - JUNE 2024

7/5/24, 11:06 AM Latest News

Procore Transforms the Construction Industry

with Innovative Technology for Project Success

05/07/2024

Dubai, July 4, 2024: Construction technology plays a vital role in transforming the growth of the construction

market. Procore, a leading global provider of construction management software, underscored the increasing
importance of technological advancement in the construction industry to help bridge crucial productivity gaps

and the sector’s evolving needs. According to the JLL report, the Kingdom of Saudi Arabia and the United
Arab Emirates are leading the Middle East construction markets with USD1.5 trillion pipeline and $590 billion,

respectively. With this trend, realizing the use of technologies such as digitalization and predictive analytics
empowers stakeholders to streamline operations, make informed decisions, and optimize resource allocation.

In a recent industry discussion, leaders, project owners, developers, contractors, consultants, and technology
companies convened to exchange and share insights gained from years of experience and innovative work

methodologies. Incorporating cutting-edge technologies showed notable results in boosting productivity,
competitiveness, profitability, and sustainability.

Tony Harbour, Head of Technology Partnerships, EMEA, Procore, shared his thoughts on the tangible

benefits of digitalisation across all the construction stakeholders. Harbour outlined examples of the results
expected from using technologies in the construction industry, including quicker decision-making, prompt
data interpretation, and having better visibility and control over productivity and profitability.

He also discussed the use of predictive analytics, which enables businesses to precisely forecast and assign

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