PROJECTINTEL BLOG

19Aug

Overview of UAE Infrastructure Industry: Market Analysis, Trends, and More

Over the years, the United Arab Emirates has been transformed into an industrial hub from a mere desert landscape, allowing industries, especially for infrastructure sectors, to grow in the world of luxury and innovation. If you are involved in the infrastructure industry in the UAE or any other GCC country, you should have a clear idea of its current market trends and a detailed analysis so you can identify the factors driving business growth. In today’s blog, we will delve into an overview of UAE infrastructure market analysis and see how a data analysis tool impacts it.

UAE Infrastructure Market Trends

The infrastructure sector of the UAE and across GCC countries has experienced robust growth all these years due to substantial government investments, resulting in ambitious mega projects and a thriving economy. In 2024, the latest infrastructure market trends will influence the growth of businesses while also shaping the market. Such as:

Technology integration for smart city technologies, like urban planning, utilities and transportation
Logistics and transportation network expansion, including road infrastructure, airports and ports, to boost trade and tourism
Growing emphasis on incorporating sustainability into infrastructure, like green building, environment-friendly transportation and renewable energy
Driving demand for residential and commercial infrastructure
Large-scale project dominance, such as NEOM, Expo City Dubai, and other infrastructure projects, bringing opportunities for consultants, contractors and suppliers

However, alongside these amazing opportunities for digital transformation, diversification and tourism growth, there are a few key challenges the UAE infrastructure market faces, including labour shortages, material costs and global economic downturns.

Note: Of highly valued and new trending infrastructure projects, here are some to mention: Madina Roads And Neighborhoods Management, Bir Askar Municipality Asphalt, Sidewalks, & Lighting In The Scheme of Government Departments, Renewable Energy Program – REPDO, Riyadh Metro – ADA and Riyadh Nuclear Plant of Alternative Energy – K.A.CARE.

UAE Infrastructure Market Analysis

According to recent reports, the estimated growth of the infrastructure industry in the UAE is at a CAGR of 5% approximately from 2024 to 2029.

During the period of 2017 to 2021, the Ministry of Infrastructure Development in the UAE planned to launch 36 large-scale projects, including education, security, and health sector development, and federal road and maintenance projects, worth over USD 2.7bn (AED 10bn). For federal road construction and maintenance, the budget was allocated approximately USD 920.3m (AED 3.38bn), while building new health centres and hospitals cost around USD 95.3m (AED 350m).

Considering all these advanced infrastructure plans, you can determine the expected and rapid growth of development in the UAE. It is going to take this country to the next level.

Importance of Integrating a Data Analysis Tool in Infrastructure Projects

Now, when running a large enterprise in the infrastructure market and dealing with large-scale projects, it’s important to have in-depth data analysis for better informed and data-driven decision-making. Besides this, there’s a huge significance of integrating a data analysis tool for infrastructure market analysis, such as:

Predictive analysis from historical data to understand potential challenges and reduce risks, including material shortages, weather forecasts to measure delays, equipment failures, etc.
Optimising resource allocation, which means identifying the number of machines required for the specific project, where data analysis can figure out the resource-intensive areas
Data analysis tools can also track expenses and measure cost overruns to compare with the budget projections
Better project planning and execution through quality control, risk assessment and schedule optimisation using data-driven insights
Increased performance and stakeholder satisfaction with real-time data analysis and insights, allowing to track progress, challenges and solutions

In Conclusion

So, are you ready to integrate data analysis tools into your infrastructure projects for better insights into real-time market trends and growth? PROJECT INTELL is a real-time data analysis platform to provideinfrastructure market analysis that provides your sales team leads that can be converted into business. In short, you can have a clear outlook of the entire infrastructure market of GCC countries in one place.

Interested? Request a demo now or start your trial today!

16Aug

Impacts of Business Intelligence in the Construction Industry: 4 Top Advantages

Recently, GCC countries have become industrial hubs, especially with the immense growth in the construction industry. And, the secret behind this growth of construction companies is their limitless access to data, more than ever before. Thanks to business intelligence (BI) technology, construction enterprises can access a huge amount of data on the latest updated information about the GCC construction market, including residential and commercial construction market analysis, with high accuracy. As a result, it helps not just with decision-making but also meeting the growing demands.

Wonder how this simple BI software helps the construction industry? Here, we unfold the secret.

Here’s How Business Intelligence (BI) Benefits Construction Companies

Business Intelligence software is a detailed process of collecting, monitoring and analysing data related to the construction field, ensuring better project performance and informed decision-making. You can have an in-depth insight into real-time updates on the construction projects across GCC.

With well-implemented BI technology, you can collect raw data from various sources, from specifications to drawings to estimates. After gathering in a centralised location, this data is used for in-depth analysis and real-time monitoring, while tracking the progress of ongoing construction projects. Compared to traditional data management and analysis, like static reports, business intelligence (BI) technology can produce faster-visualised data, including interactive graphs and charts, with accuracy and real-time updates. Overall, this data-driven decision-making boosts the construction productivity of your company. Moreover, you don’t have to make vital decisions based solely on intuition.

Besides these, here are some more benefits you can have by integrating business intelligence (BI) software into your construction market analysis:

Quick Decision-Making

Compared to any other sector, construction companies have to deal with a huge amount of data. Analysing them manually won’t give an accurate insight into vital decision-making, but construction business intelligence software does. A well-integrated BI allows better data analysis and evaluation by providing accurate information in the bigger picture, improving informed decision-making. Moreover, you can make immediate decisions regarding your project areas with its automated and real-time data updates.

No More Reliance on Intuition–

Traditionally, gut instinct or intuitions used to be the most valuable way to make informed decisions in the construction industry. However, it involved risks since the entire decision solely relied on guesswork. With the emergence of business intelligence (BI), this risk has been eliminated from construction projects in terms of business decisions. Data-driven decisions ensure accuracy rather than following just gut instincts.

Tailored Reporting

The best part of having centralised data is that you can use it in the best possible ways for your construction projects’ operational models. And, leveraging BI allows you to customise those abundance of data according to your specific construction reporting needs. With its interactive reporting abilities, you can easily integrate BI reports into your project workflows, while communicating and collaborating through it with your project stakeholders. Hence, there’s no need to visit the site to report any progress or issues.

Maximising Efficiency and Opportunities–

The biggest problem in the construction industry has always been pulling data from multiple sources, which requires both time and money. In fact, that data can even be inaccurate or outdated. With state-of-the-art BI construction technology, you can access all the required data from a single source and rest assured about its accuracy and real-time information. Moreover, its intricate breakdown helps you identify issues and assess performance in all areas, from project progress to completion.

To Conclude

So, are you ready to integrate BI into your construction projects? If yes, it’s time to switch to PROJECT INTELL from your traditional data management methods. It is a real-time construction intelligence platform offering a clear outlook of the latest GCC construction market analysis under a single roof. This construction intelligence data analysis tool gives your sales team leads for business.

Start your trial today or request a demo now!

23Jul

Why Use a Commercial Construction Lead Generation Tool – 4 Big Reasons

In the busy world of commercial construction, new opportunities come up all the time which makes it hard to keep track. Whether you sell a building supply or provide a service for construction projects, finding new works or leads can take a lot of time and effort.

This is where commercial construction lead generation systems come in handy; they help businesses get new projects and opportunities for growth, constantly feeding information and giving the necessary support for growth.

A great deal of time and effort can be saved by using a trusted lead generation service. Instead of searching for new projects yourself, you get easy access to information on potential opportunities in the construction field. This allows more of your time to be spent on preparing good bids or proposals rather than trying to find the work.

Let’s discover 4 big advantages of using a construction lead generation tool

Comprehensive Market Analysis

One of the biggest pluses of engaging a commercial construction leads service is the availability of holistic market analysis. A good lead generation tool will provide a clear outlook on the construction market across the GCC and the Middle East by consolidating all relevant information in one place.

That means that instead of spending more time looking for sources, you could get detailed, up-to-date market data at the click of a button. These streamlined ways of information access enable you to decide quickly and effortlessly.

Live Stats

Another advantage of using a contraction lead generation tool is real-time updates. Construction can entail a fast pace. And, if you miss out on new business opportunities, it can be costly for the firm.

A robust lead generation tool should never allow you to miss a thing. It has a vast construction company databaseand you can get instant updates about any project or company. You get to stay abreast with all new insights and may be quick to react to new opportunities popping up, placing you way ahead of your competition.

Managing Your Sales Pipeline

A lead generation tool will also assist you in confidently managing your sales pipeline. Robust construction marketing data tracking and analyzing tools can be used for forecasting and strategic planning. So, you can expect improved resource allocation and the organization of effective strategies in tune with market demand. Since you now have insights into market trends and probable market projections it will give you a steady flow of projects and long-term business sustainability.

Key Contacts Database

Moreover, the lead generation tool also contains all the key contacts in the construction industry. Business growth goes side by side with the maintenance of relationships among influential individuals. A full contact list obtained from the platform can help you network with the right persons and team up with them for new opportunities and businesses. Networking is very much important in the construction industry. And, having a robust network can make your chances of doing business much better.

Final Words

Therefore, you can clearly understand how using a reliable online lead generation portal can help you get more leads and also make some wise investment decisions.

PROJECT INTELL is a reliable source of sales leads, market analysis, forecasting, and company intelligence for the GCC construction project.

Our robust construction lead generation tool gives you multiple advantages. This tool will keep the business stay ahead of competitors. From a detailed analysis of the market with real-time updates to sales pipeline management and insights into competition – you can get all.

So leverage this powerful platform to ease your operations, capture new opportunities that come your way and lead it toward sustainable growth and success.

Subscribe now to PROJECT INTELL and be the one to get access to the construction company database that consists of 937 new projects and 5,170 updated ones in addition to its database of 50,711 key contacts.

Visit our website! Or, book a free demo.

22Jul

How Is Data Analytics Shaping the Oil & Gas Industry in the GCC Region

The oil and gas industry in the Gulf Cooperation Council (GCC) is a dynamic market that is going through some bigger transformations – all because of data analytics. This all new powerful instrument is revolutionizing different types of operations of companies on all levels. It assists them in minimising their costs, making better decisions and increasing their profits – all these actually outline benefits.

In simple terms, data analytics is all about taking huge piles of information and then finding the important bits which can help a company work better.

Today, we will see how big data analytics is impacting the oil and gas industry of the GCC regions.

Making Smarter Choices

Today, we will see how big data analytics is impacting the oil and gas industry of the GCC regions.

Data analytics somehow provide organisations with a better understanding of what is happening. This way they can watch markets, such as how a project is faring, or their finances, in almost real-time. Thus, it assists in deciding on investment priorities, on which projects to implement and how to manage available resources.

Competitive Intelligence

Today, we will see how big data analytics is impacting the oil and gas industry of the GCC regions.

The management of the companies urgently requires information on what is taking place in the industry. Thus, data analysis is beneficial for them to know where they are, who they might like to partner with and maybe even what their competitors are going to do. Such information can assist a company in the decision-making process like the launch of a new project, a cooperation with another firm or a modification of price policies.

Risk Management

The oil and gas business is somewhat uncertain through volatility of prices and political factors emerge. Data analytics provides an excellent solution with the risks being easily identified early. Current and on-going projects offer organizations a view of problems that are likely to arise and prepare for them. This might mean that they expand the kind of products they offer, ensure they adopt appropriate strategies or ensure they devise methods of avoiding disruptions of the supply chain.

Increased Efficiency and Productivity

Earning money in the oil and gas sector must be efficient. Data helps find places where it is getting congested or techniques that are not effective in achieving the objective. Analysing the project information field helps to make the processes more efficient and avoid all kinds of breaks, because the more work that is done, the more the desired result will turn out. This could refer to anything from the enhancement of drilling activities to the streamlining of supply chains. Small improvements in the processes save a lot of money when the issue concerns titanic oil and gas production.

Real-Time Monitoring and Reporting

Big data tools enable an organization to monitor all operations in real-time. They can observe how things are progressing with certain projects, make sure to look at certain figures and receive documentation that can indicate how the going is with the business as a whole. You can find this real-time information to be extremely useful. This is something like – understanding whether certain changes should be made or it is perfectly alright.

There is absolutely no doubt that big data analytics is transforming the oil and gas sector in the UAE and other GCC regions. It assists firms in making the right choices and the right usage of resources and in this way increases productivity. If you’re in this business and want to get in on these benefits, you can subscribe to PROJECT INTELL.

Final Words

PROJECT INTELL is a comprehensive database of over 698 large projects of more than $430 billion in all sectors. It offers specific information about market trends, project developments, and financial forecasts that will enable business leaders to make the right decisions to allocate resources and prioritise investments.

PROJECT INTELL categorises diverse segments of the industry and analyses future large-scale projects with a clear vision of the market’s development in mind. It also encompasses major projects and shows the main contractors and consultants so it provides important competitive information to users.

So, whether you are a consultant, contractor, supplier or service professional firm – subscribe to this portal and identify the biggest project opportunities and competitors’ strengths and optimize the use of invested money.

Visit the official site now! Or, book a free trial today!

24Jun

A Guide to Business Intelligence for Infrastructure and Construction Companies

In the fast-paced world of construction and infrastructure development, staying ahead of the curve is critical. But with complex projects involving numerous stakeholders and ever-shifting variables, how can you ensure your decisions are informed and strategic? That’s where Business Intelligence (BI) comes into action. It’s a technology that transforms raw construction data into actionable insights.

This post dives deep into the concept of business intelligence in infrastructure, exploring how it empowers companies to optimise projects, streamline processes, and achieve unparalleled success. We’ll unveil the secrets of BI, highlighting the benefits it offers for construction firms of all sizes. In addition, we’ll also reveal the name of a leading real-time construction data analysis platform, putting the power of BI directly at your fingertips. This platform equips you with the tools to tackle risk management, identify lucrative leads, and gain a competitive edge – all through the magic of data analysis. Let’s start the discussion.

Business Intelligence in Construction

Business intelligence in infrastructure is not just about collecting data but also taking a strategic approach to clean and transform the raw data into actionable insights. It eventually empowers construction companies to make sound decisions that drive success.

Streamlining Construction Processes and Optimising the Outcome

Traditionally, construction projects relied on work experience and instinct for decision-making. However, BI injects a powerful dose of data-driven objectivity. By centralising and analysing project data from various sources, BI empowers companies to identify areas for improvement and optimise workflows.

Construction companies can pinpoint bottlenecks in the supply chain, identify inefficiencies in material usage, and even address labour shortages by leveraging the power of big data and business intelligence. BI tools provide real-time insights into these critical areas, allowing for adjustments and course corrections before they snowball into costly delays.

Business intelligence also helps to streamline processes by facilitating better communication and collaboration. Real-time data dashboards keep all stakeholders informed, ensuring everyone is on the same page and working towards a common goal. This reduces the need to revise, improves resource allocation, and keeps projects running smoothly.

Other Benefits

In addition to the benefits already mentioned, a construction data analysis platform also empowers construction companies to:

Evaluate competitors’ performance
Figure out critical problems in the market
Track major construction projects around the world
Identify more prospective customers
Expand your clientele and capture a significant portion of the market

Reach Unprecedented Heights with PROJECT INTELL

Unleashing the true power of business intelligence in infrastructure requires access to high-quality data. Imagine having incomplete or unreliable data feeding your BI platform – the insights you gather would be skewed and misleading. That’s why a robust and trustworthy data source is the keystone of successful business intelligence for infrastructure and construction companies. This is where PROJECT INTELL comes in.

Our real-time construction data analysis platform is designed specifically to streamline the complexities of the construction industry. We offer a comprehensive and centralised database integrated with construction intelligence data analysis tools tailored explicitly to construction needs. It means you can access industry-specific data points, real-time project insights, historical trends, etc., at your fingertips. Subscribe to PROJECT INTEL today and take advantage of our free trial to experience the transformative power of data-driven construction.

31May

UAE Construction Market Forecasts (2024-2028) -Find Best Opportunities

The construction scene in the UAE is about to hit overdrive.

According to the latest forecasts, this dynamic industry is going to be expanded by a solid 4% in 2024 and an impressive 4.2% in 2025….. yes, you read it right.

And, you know what are the things fueling this growth? Well, it’s all because of infrastructure, energy and utilities and residential projects galore!

The UAE government’s latest budget depicts this – a whopping AED64.1 billion (that’s a cool $17.5 billion) approved for 2024 alone.

And, there is this game-changer – i.e. public-private partnerships (PPPs). If we specifically talk about December 2023, Dubai’s Roads & Transport Authority (RTA) gave the green light to ten projects – yes total 10 projects worth a staggering AED2.5 billion under the PPP scheme for 2024-26. That is some serious collaboration between the public and private sectors! You see…

The UAE construction industry doesn’t just stop there. Over the next few years, specifically from 2026 to 2028, the UAE’s construction industry is expected to maintain an impressive annual average growth rate of 3.8%. So, it’s a perfect time for investments in transport, renewable energy, housing and tourism projects.

Another outlook – the “Strategic Plan 2023-2030” – well, this is also set to be a game-changer for the construction industry. How? See, this ambitious plan has five objectives. Now, one major goal is facilitating the development of roads and transport systems. And, another one of these 5 objectives is expediting the migration to zero-emission mobility by 2050. So, we hope it helps you imagine a sustainable future…. right?

Some of the Key Construction Projects in the UAE in 2024

The UAE is gearing up for some game-changing construction projects in 2024.

Leading the pack is the highly-anticipated Dubai Creek Tower – this is set to redefine the city’s iconic skyline. But that’s not all…. there’s Ciel Tower, an ambitious concept vying to become the world’s tallest hotel.

Luxury living is also getting a major upgrade – and there is Palm Jebel Ali development, while Dubai Reefs and Surf Abu Dhabi bring sustainable and leisure-focused living to the forefront.

And, in late February 2024 saw Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar) announce the financial green light for the 1.8GW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park….. a remarkable AED5.5 billion ($1.5 billion) project – you see… this is set to boost Dubai’s solar production prowess big time.

These are some of the groundbreaking projects that are solidifying the UAE’s reputation as a global infrastructure giant. And, with that, the possibilities to invest in UAE construction projects are now endless!

Final Words

So, It’s pretty much clear to you how the UAE construction market is booming and now is your chance to cash in big!

PROJECT INTEL Lead generation portal is your all-access pass to finding the biggest opportunities this booming sector has to offer.

Our one-stop portal gives you the full 360 on construction industry analysis – like from comprehensive data breakdowns to expert insights – all these to keep you streets ahead. We track every move across the GCC construction scene and feed that intel straight to your sales team as piping hot leads.

Whether you’re a consultant, contractor, supplier or service professional firm, we’ve got tailored solutions to skyrocket your business. Tap into our enormous database with 15,000+ key decision-maker contacts and details on 8,000 major regional projects.

Using our portal, you will be able to understand key market issues, assess competitors’ performance, source key information on suppliers, top contractors and partnership opportunities, gain insight on risk and be prepared, win new business ahead of your rivals and many more!

Visit our official website today! Book a free trial now!

19Mar

Understanding the Pivotal Role of Database Management in the Construction Industry

We are living in the digital era now, where data plays a key role in decision-making and business growth. So, data management is essential today for business across diverse industries. It is the same for the construction industry as well. Due to the extensive operations and complex projects, the construction industry around the world is paying more attention to data-driven solutions and recognizing the significance of data for generating leads. Companies need to dig deeper into the data-centric landscape of the construction sector to address the growing challenges of the construction industry, the current trends, and real-time data from the construction realm to take their businesses to the next level.

Understanding Construction Database Management- Stay Ahead in the Game

Construction database management is crucial for each and every stage of a construction project. From lead generation and project planning and scheduling to cost estimation and risk management, it plays a vital role. With a construction database, companies perform a detailed construction market analysis while getting honest reviews and professional recommendations. With data analytics and up-to-date construction leads for construction projects, companies can create a growing pipeline of sales leads and beat their competitors.

What Are the Common Challenges in Construction Data Management?

1. Lack of Valuable Information in Big Data

Construction companies need to gather vast amounts of data. Without proper management and analysis, this data can lose its significance. With an online portal, companies can get data analytics that can guide companies to derive meaningful insights.

2. Achieving Changing Data Requirements

The construction industry operates within a dynamic regulatory environment. Adapting to these changing requirements whilst ensuring data compliance is crucial. Robust data management systems are designed to help firms navigate these complexities.

3. Data Processing and Transformation Challenges

Transforming raw data into actionable insights is a complex task. A database management portal provides tools and methodologies that simplify this process, ensuring construction firms can make data-driven decisions efficiently.

4. Efficient Storage of Big Data in Construction

With data across multiple systems, efficient database management can be quite challenging. Database platforms enable quick and effortless data analysis, ensuring construction firms can make informed decisions.

Future of Database Management in Construction- PROJECT INTEL

PROJECT INTEL portal is a dependable and extensive source of urban development and infrastructure projects, sales leads, business intelligence, forecasting, and market analysis. It allows the users to analyze recently completed, ongoing projects for better management and use of data in the future for business growth and lead generation. This portal makes it easy to analyze the infrastructure sector and find the best strategy and possibilities in the current market to generate new leads and find more opportunities. You can use the information to develop better strategies, increase visibility, beat your competitors, and ensure steady business growth.

A Few Things to Highlight about PROJECT INTEL:

PROJECT INTEL software enables clients to look for sales and opportunities with easy access to real-time data.
This tool shortens clients’ searches by delivering comprehensive and real-time data on particular construction projects or companies.
This tool provides over 5 years of construction outlook for GCC countries and with 20+ industry sectors.
Clients can manage their sales pipeline and develop strategic business planning with forecasts while using this portal.
It becomes more effective for users to find new business opportunities with real-time project and company updates.

Interested to learn more about this portal? Visit the official site of PROJECT INTEL and explore more facts and features.

13Mar

Artificial Intelligence Revolutionising the Future of Construction: HOW?

Hey, do you really think that AI means just the robots projected in sci-fi movies? Well, that’s a part of the distant future! But, you are already leveraging artificial intelligence (AI) on a daily basis to conduct tasks, like through Alexa! Just like in your home, AI has made its way to the construction industry of the GCC countries, including the UAE, Oman, Bahrain, Kuwait, Qatar and Saudi. This construction intelligence is going to play a crucial role not just in boosting the productivity on the site but beyond that. See here.

How Is AI Evolving the Future of the Construction Industry?

To understand how construction artificial intelligence (AI) is going to shape the future of construction, let’s take an insight into the definition of AI first. Artificial intelligence fetches a huge amount of data to analyse the trending details and patterns using the power of machines. On the other hand, leveraging machine learning executes tasks on the construction site with better accuracy and faster while resolving problems as well.

Alerts

Gone are the days of calling or messaging workers at the job site to get the current progress report of their project. Today’s field reporting software offers a direct insight into real-time job site performance and problems (if there are any) leveraging artificial intelligence. Also, it provides safety alerts with a notification to make the project manager aware of the potential issues in real-time even if you are not present on the construction site.

Safety sensors

Artificial intelligence has not only automated our homes, but the construction site as well and makes it safer to work in. Wearable safety sensors pinpoint the location of your workers wherever they are engaged in tasks and notify the project managers or stakeholders if any accident occurs, like falls or slips.

Optical Character Recognition (OCR)

In the construction site, OCR is the most common software to be used nowadays using artificial intelligence (AI). From converting documents and images to scanning sketches to numbering and naming and hyperlinking sheets- This construction intelligence saves hours on processing building sketches, including markups, viewing and sharing. To stakeholders and project managers.

Drones

When it comes to artificial intelligence, drone mapping is the most innovative revolution in the construction industry. With the deployment of drones and drone mapping, you can conduct accurate surveys of the job site capture aerial images for better insight and identify issues that you can share with your stakeholders to get additional perspectives. Also, it is useful for tracking the progress of the current project on the construction site.

In Conclusion

We hope you understand how the adoption of construction intelligence in the UAE and other GCC countries is increasing on the construction job site day by day. Just like these, the cloud-based construction data analysis platform, like PROJECT INTEL, leverages artificial intelligence (AI) to capture a larger amount of real-time data of a job site, including the market data and its analytics and reports, making companies fetch more profits. Using it, you can get a direct and detailed insight into the current project reports and get up-to-date contact details while finding new work opportunities. Also, you can leverage it to get informed sales pitches and make your company stand out from your competitors.

So, why wait? Start your FREE trial today, or request a demo now!

Big Data Revolution in the Construction Industry

6Mar

Is Your Construction Company Ready for the Big Data Revolution?

The construction industries of the UAE and other Middle Eastern nations are experiencing a notable transformation driven by the increasing adoption of advanced technologies by the leading companies in the sector. The latest 2022 PwC Middle East CP&I survey marks a significant turning point for the region’s construction industry, with technology adoption crossing the 50% threshold for the first time in 2022. Applications of Big Data (41%), Drones (33%), and Digital Twins (17%) emerged as the most widely used modern technologies, delivering substantial improvements in efficiency, error reduction, safety, project planning, and execution.

In today’s post, we will discuss the role of big data in transforming the UAE’s construction industry and beyond. Meanwhile, you will also learn about the leading data analysis platform that you can use to leverage the power of big data in construction and outmanoeuvre the competition.

The Big Data Revolution in the Construction Industry

The collection of datasets is known as big data, which is enormous in volume and also keeps growing exponentially in the horizon of time. Big data in the construction sector allows the analysis of vast datasets to understand key market issues, assess growth potential, make data-driven decisions, solve problems with the power of data, etc. Companies of all types and sizes can benefit from big data. For example, contractors can use the power of data to bid more accurately. Builders can use data to mitigate risk and complete projects on time. Suppliers, on the other hand, can leverage the power of data to generate sales leads and get new customers ahead of their rivals.

Construction Boom and Wide Adoption of Cutting-Edge Technologies in the UAE

COVID-19 affected the construction market’s growth in the UAE, particularly in Dubai. However, the ambitious vision and collaborative efforts of government, policymakers, and business tycoons ensured that the interruption in growth didn’t last long. The market eventually took an upside trend in 2022, and now it is estimated at USD 40.88 billion in 2024, expected to reach USD 51.80 billion by 2029. UAE’s construction market is likely to grow at a CAGR of 4.85% during the forecast period from 2024 to 2029.

Along with growing the construction market, the UAE also uses modern technologies to fuel and sustain its growth in this sector. One prime example of it is Dubai’s Museum of the Future, a landmark devoted to revolutionary ideologies and hi-tech innovations.

The construction sector, encompassing developers, contractors, and suppliers, actively embraces advanced technologies to tackle diverse challenges and manage various tasks. PROJECT INTEL is one such technology-driven, cutting-edge tool you can use to make the most of big data in construction in the UAE. Using our real-time construction data analysis platform, you can track over 6,275 UAE projects worth over $580 Bn.

UAE’s every major construction project is listed in our platform and segmented by sectors and sub-sectors to help users quickly find their niche of interest. From commercial to residential and industrial to institutional, you will find all types of construction intelligence data on our platform.

Request your free trial now and get access to data for ten construction projects or companies for one month. You are only a few clicks away from unlocking your full potential.

1Mar

A Guide to the Middle East Construction Market and Importance of In-depth Analysis

In 2024, the Middle East construction market is witnessing substantial and sudden growth in the construction market. Just like any other industry, the construction market in GCC countries had to suffer for a long period after the pandemic. So, most of the GCC countries experience a decline in the construction market growth till 2021.

During that period, the construction market may encounter slow growth and less construction awards. However, the GCC construction industry has a faster recovery thanks to the increasing prices of oil and restart of the delayed projects. And, it was the start as the Middle East construction sector never had to look back. As the construction market of most GCC countries succeeded to rebound in 2021, this sector had been experiencing a slow yet steady growth since then.

Middle East Construction Market: Segmental and Market Share Analysis

In 2023, the infrastructure segment dominated the Middle East construction market, comprising over 40% of the total share. This segment is projected to maintain steady growth in the foreseeable future, fueled by government investments and the initiation of new projects.

The construction sector in the Gulf Cooperation Council (GCC) region is poised for robust expansion in the short to medium term, surpassing broader economic growth with an estimated annual average of 3.5-4% between 2023 and 2024. This positive outlook is driven by increased project financing stemming from record-high energy export revenues and ongoing efforts across the GCC to implement long-term development plans in both energy and non-energy sectors.

A substantial pipeline of projects exists across various sectors, including energy, power, water, transportation infrastructure, commercial and residential real estate, and industrial developments. This presents lucrative opportunities for domestic and international contractors, consultants, and suppliers to engage in GCC contracts.

The oil and gas sector will continue to dominate contract awards, necessitating construction activities to enhance and maintain production capacity. Additionally, residential and commercial real estate projects, essential infrastructure development such as transportation, power, and water systems, and industrial expansions will further bolster the construction sector and its associated supply chains.

The focus will primarily be on government-backed infrastructure initiatives encompassing highways, railways, seaports, airports, bridges, and water sewage systems. Furthermore, real estate ventures, energy transition projects, transportation enhancements (particularly railway development), capacity building in the energy sector (including oil, gas, and liquefied natural gas production), and industrial expansions are expected to feature prominently in the GCC project pipeline through 2026.

Why PROJECT INTEL?

PROJECT INTEL is a comprehensive source of GCC construction project sales leads, market analysis, forecasting, and company intelligence. It keeps records of every concept, design, tender, under construction, and completed project to give users access to up-to-date construction leads and project details with a complete market analysis for the construction industry. You can learn about the risks, potentials, and opportunities associated with the ever-growing GCC construction market with real-time data. PROJECT INTEL provides over 5 years of construction outlook for GCC countries and with 20+ industry sectors.

With PROJECT INTEL, you can analyze past, ongoing projects for better management and use of data in the future for lead generation. This tool allows you to conduct an in-depth analysis of the construction sector and other GCC countries and find the best strategy and possibilities in the current market to generate new leads and find sales leads and opportunities.

The PROJECT INTEL portal-

Enables clients look for sales and opportunities by giving them easy access to real-time data.
Limits their clients’ search by providing comprehensive details of particular construction projects or companies.
Helps clients manage their sales pipeline and allow strategic business planning with forecasts.
Grab new business opportunities with real-time project and company updates.

If you are looking for detailed analysis and real-time data on the construction market in the Middle East countries, learn about the PROJECT INTEL portal and custom packages for all sizes for professionals, SMB, or corporates.