Page 33 - PROCORE PR REPORT - JUNE 2024

7/1/24, 1:25 PM Riyadh Daily

Tony Harbour, Head of Technology Partnerships, EMEA, Procore

Riyadh "Riyadh Daily"
Procore Transforms the Construction Industry with Innovative Technology for Project Success

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 tasks to contractors based
on previously recorded data, and the growing applications of AI to complete tasks and queries more quickly, obtain information, boost
productivity, and enhance operational performance.

Several industry leaders recognized the value technologies add to their businesses and Procore was mentioned as one of the most
advanced solutions for the construction sector. Roger Wahl, Chief Technology Officer at Innovo Group, highlighted the transformative
impact of Procore software, emphasizing its connected data environment and its role in enhancing project management, communication,
transparency, data-driven decision-making, and adaptation to industry disruption. Additionally, Faik Haddadin, Senior Projects Director at
Emaar, highlighted the key benefits of incorporating AI technology, focusing on how it fosters transparency among client, contractor, and
consultant, thereby ensuring project success.

Procore demonstrates its dedication to remaining at the forefront of technological advancements and digitalisation, especially at a time
when the construction industry is going through a significant transition, through its innovative solutions. Procore will continue to promote
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