A weekly round up of news for digital construction professionals
The building construction industry in the Middle East and Africa is expected to see a compound annual growth rate (CAGR) of 10.4% by 2024, reaching a value of $468.4bn. Recovery to pre-Covid growth levels are expected to take 6-8 quarters.
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Autodesk has launched a new model coordination workflow between two of its products, Navisworks and BIM 360 Model Coordination. Both are used by architects, engineers and construction teams.
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ICD Brookfield Place has partnered with Facilio to integrate the DIFC located project’s building automation systems using an Artificial Intelligence-driven, data approach to management. The move is expected to improve tenants’ experience, and optimize costs, energy use and productivity.
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Emirates RDF, a partnership between Besix, Finnish group Griffin Refineries and Ajman-based Tech Group Eco has started to produce refuse-derived fuel for use in cement manufacture. The facility, located in Umm Al Quwain, will divert household waste from landfill, turning it into a fuel that will reduce the carbon footprint of cement during its manufacture.
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Cemex and Grupo Avintia expect to manufacture 1,000 homes per year with their new offsite joint venture Wallex. They estimate a 30% reduction in construction time.
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The global modular construction market is expected to see a CAGR of 6.5% for the period of 2020 – 2027, and an incremental opportunity of $180bn by the end of 2027.
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The global construction and building materials market is forecast to see a CAGR of almost 6% from between 2019 and 2025, growing from a value of $916bn to $1,282bn.
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In the US, the University of Illinois is setting up the National Institute for Artificial Intelligence in Construction. The institute will focus on the application of AI in design, construction and the operation of buildings and infrastructure systems.
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