Construction & Real Estate

Saudi PIF records solid 2025 results; net profit doubles to $17bn

Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion. ...

Construction & Real Estate

AI set to reshape water infrastructure management, says industry expert

Artificial Intelligence (AI) is poised to reshape water and waste water infrastructure management globally as utilities adopt autonomous AI agents to analyse operational data and support real-time decision-making, but human oversight will remain essential, said an industry expert. ...

Construction & Real Estate

Nemetschek launches AI-powered Bluebeam Max in Middle East

Nemetschek, a global leader in construction artificial intelligence, has launched its AI-powered Bluebeam Max software across the Middle East region, targeting growing demand for digital tools in the region's architecture, engineering, construction and operations (AEC/O) sector. ...

Construction & Real Estate

Compliance with new intelligence: Growth of AI Tools for use with building codes

Building safety professionals, including code officials, plan reviewers, engineers, designers and contractors, are increasingly using AI to access information and solve problems both in the office and at the job site, says Ed Cilurso, Senior Product Manager, Digital Assets, leading the ICC AI Navigator product roadmap strategy. ...