INDUSTRY // Build. tech
ALEC holdings highlights its position at the epicenter of global construction innovation
ALEC Holdings has highlighted its position at the center of global construction innovation during the latest edition of its annual Innovation Day, demonstrating how the systematic execution of its Innovation Roadmap has enabled the company to evolve into a‘ Platform for Global Innovation Solutions’ where technologies shaping the future of construction are ideated, nurtured and scaled across the wider industry.
With the GCC construction market projected to reach US $ 2.7 trillion by 2033, the sector is under increasing pressure to build faster, safer and more sustainably.“ The region is a fertile ground for innovation, but this cannot thrive in isolation,” said Imad Itani, Head of Innovation at ALEC:“ It needs an ecosystem which allows promising technologies to be applied to the most ambitious undertakings, investors to access vetted solutions and innovators to secure fast-track funding. At ALEC, we have made a clear and concerted effort to become that ecosystem. Today we are the epicenter of construction innovation, identifying, implementing and scaling technologies that can transform how the region builds.”
ALEC’ s transformation is driven by a culture that actively encourages experimentation. The business has cultivated champions across departments who test, refine and scale new ideas, while many of its business units now regularly bring their own innovative products and services to market.
Reinforcing ALEC’ s position as the Platform for Global Innovation Solutions were 15 external partners that showcased their technologies at Innovation Day. These companies have used ALEC as a launchpad, working with its specialists to mature solutions, apply them to real-world projects and build viable commercial models that enable industry-wide value creation. Notable examples included TENDERD, the AI-powered equipment management platform that recently secured US $ 30 million in Series A funding, and SOLUT, whose workforce productivity analytics technology has helped increase labor efficiency by around 30 % across multiple pilot sites.
“ The credibility afforded by ALEC’ s validation has been transformative for us,” said Aleksander Belousov, Founder of SOLUT:“ Since collaborating with ALEC, we have seen increased engagement from developers and contractors, as well as customers in other industries, who now have the confidence to adopt and support our solutions. It has significantly shortened our time to market and accelerated our ability to refine and scale our technology.”
Innovation Day also underlined ALEC’ s commitment to subcontractors, which the company believes play an expanding role in shaping the future of the sector.“ Subcontractors play a vital role in ALEC’ s project delivery, which makes their involvement in our innovation journey essential,” said Itani:“ This year marks the first time we have expanded our innovation initiatives to include select subcontractors, and we intend to broaden this across the entire supply chain in the future. By creating opportunities for shared learning and collaboration, we are building a collaboration framework that will enhance capabilities across the ecosystem and drive collective progress.” p
www. intelligentcio. com INTELLIGENTCIO NORTH AMERICA 43