Page 8 - PROCORE PR REPORT - JUNE 2024

Press Release

Procore Transforms the Construction Industry with Innovative Technology for

Project Success

Dubai, June 28, 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.