Page 63 - PROCORE PR REPORT - JUNE 2024

7/5/24, 11:05 AM Gulf Construction

Procore transforms construction sector with innovative

technology

RIYADH

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Construction technology plays a vital role in transforming the growth of the building market, said Procore, a leading global
provider of construction management software, underscoring the increasing importance of technological advancement in the
construction industry to help bridge crucial productivity gaps and the sector’s evolving needs.

Citing a recent JLL report, Procore said the Kingdom of Saudi Arabia and the UAE are leading the Middle East construction
markets with $1.5 trillion pipeline and $590 billion, respectively.

With this trend, the use of technologies such as digitalisation and predictive analytics empowers stakeholders to streamline
operations, make informed decisions, and optimise resource allocation, it added.

At a recent industry discussion, where project owners, developers, contractors, consultants and technology companies exchanged
and shared insights gained from years of experience and innovative work methodologies, Tony Harbour, the Head of Technology
Partnerships, Europe, Middle East and Africa (EMEA) at 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.

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