Drees & Sommer Middle East (D&S) expects the regional construction sector will offer greater opportunities for the digitisation and revitalisation of built assets, and the use of adaptive modular design as a construction tool.
The firm predicts increased momentum in the construction industry driven by long-term economic diversification plans, including Abu Dhabi Vision 2030 and Saudi Vision 2030. In its statement, the company said it believes these agendas will develop sectors such as hospitality, healthcare and infrastructure.
D&S also said that tourism and gradually stabilising oil prices will contribute to higher capital spend on construction projects in the region over the coming year.
“Although the real changes will happen over the next ten years, higher capital spend in 2019 on construction projects throughout the region will likely draw an increased focus on ROI for developers and investors. Adaptive modular design and digitisation at planning stage and revitalisation at the operation phase are the frontrunners to enable increased ROI. The Middle East’s construction industry is currently far less digitally developed than those in other parts of the world, presenting a key opportunity for growth,” said Stephan Degenhart, associate partner at Drees & Sommer and MD of the Middle East office.
According to a statement from the firm, Saudi Arabia and the UAE will continue to be the largest regional markets and are expected to award contracts valued at over US$320 billion over the next twelve months.
Degenhart added, “Greater attention will be given to projects throughout the three stages of the construction process: planning, build and operations, with particular emphasis on early adoption in the planning stage or even phase zero. This will provide greater opportunity for the integration of digitalised adaptive modular solutions to ensure longevity, flexibility and ROI. Key digital trends such as 3D printing, 3D laser scanning, digital pre-fabrication and continuous advances in BIM will begin to make more of an appearance within the regional construction sector as it continues to develop and shift in focus towards a more digital future.” Read More...