Page 61 - PROCORE PR REPORT - JUNE 2024

7/5/24, 11:06 AM PRESSR: Procore ransforms the construction industry with innovative technology for project success — TradingView News India
PRESSR: Procore ransforms

the construction industry with

innovative technology for

project success

Jul 4, 202410:05 GMT+4

First published: 04-Jul-2024 10:05:52

Dubai: 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

https://in.tradingview.com/news/reuters.com,2024-07-04:newsml_Zaw6RhX2p:0-pressr-procore-ransforms-the-construction-industry-with-innovative-te… 1/2