At its latest annual Innovation Day, ALEC Holdings highlighted how its structured Innovation Roadmap has positioned the company as a “Platform for Global Innovation Solutions,” fostering the ideation, development, and scaling of transformative construction technologies across the industry
With the GCC construction market projected to reach US$2.7 trillion by 2033, the sector faces mounting pressure to deliver projects faster, safer, and more sustainably.
Imad Itani, head of innovation at ALEC, stated, “The region is a fertile ground for innovation, but this cannot thrive in isolation. 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 epicentre of construction innovation, identifying, implementing, and scaling technologies that can transform how the region builds.”
ALEC’s innovation culture encourages experimentation across departments, with champions driving the testing, refinement, and commercialisation of new ideas. Many business units now regularly launch their own innovative products and services.
The event featured 15 external partners who showcased technologies developed in collaboration with ALEC. Notable examples include TENDERD, an AI-powered equipment management platform that recently secured US$30mn in Series A funding, and SOLUT, whose workforce productivity analytics have increased labor efficiency by approximately 30% across multiple pilot sites.
Aleksander Belousov, Founder of SOLUT, said, “Since collaborating with ALEC, we have seen increased engagement from developers and contractors, as well as from 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.”
ALEC also emphasised the growing role of subcontractors in driving sector innovation.
Itani added, “Subcontractors play a vital role in ALEC’s project delivery, which makes their involvement in our innovation journey essential. 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.”
In addition, ALEC introduced a new set of Collaboration Awards, recognising partners contributing to industry-wide innovation. Awards were presented in four categories: Innovative Subcontractor of the Year, Technology Collaboration of the Year, Start-up Engagement of the Year, and Client Collaboration of the Year, reflecting ALEC’s commitment to fostering partnerships and advancing the construction ecosystem.