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Contech: Improving the building site

Contech: Improving the building site

Written by David

December 2, 2018

Image courtesy of Shutterstock As Dubai wrapped up the Middle East’s largest construction exhibition – The Big 5 – last week, it became clear that new technologies are transforming the region’s construction sector, introducing new working practices that will boost productivity, improve safety and re-skill the low-paid labour force. Construction is among the most important non-oil sectors in the Gulf, yet unlike more dynamic major industries such as retail and finance, the region’s builders have been slow to innovate. Construction is among the least digitised industries globally , averaging productivity gains of just one per cent annually over the past 20 years. That is slowly changing, however, with venture capitalists (VC) investing a record $1.1 billion in construction technology (contech) firms in the first half of 2018, according to a report by real estate consultants JLL that describes construction as an industry plagued by cost fluctuations and labour shortage […]

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