The Construction Technology ConFex KSA (CTF KSA) is a two-day immersive event exploring the technology revolutionizing Saudi Arabia’s Built Environment and Giga Project. Co-organized by the Saudi Contractors Authority (SCA), ConFex takes place at the Crowne Plaza, RDC Hotel in Riyadh on October 23rd and 24th.
Confex will showcase how digitalization and advanced tech are shaping construction and real estate in Saudi Arabia. Event organizers expect over 600 attendees, who will join 60 expert speakers and thought leaders in architecture, design, engineering, and construction, plus influential policymakers and investors.
Event themes include advanced technologies driving the built environment, Smart & Future Cities, Digital & Innovative Deliveries, Data Intelligence, and Sustainability. Speaking topics and workshops will cover a wide range of subjects, including:
- Virtual construction
- Decarbonization of the built environment
- The internet of things (IoT)
- Machine learning
- Predictive data analytics
- Digital twins
- Building information modeling (BIM)
- Building management system software
Confex is an important event for the construction and smart city technology sector. With the industry projected to research a value of nearly $15 billion by 2027, Saudi Arabia is rapidly becoming home to some of the world’s most advanced and futuristic building concepts.
The Saudi Arabia Giga Project program — a cornerstone of the Vision 2030 program — is the world’s most extensive civil infrastructure initiative. Meanwhile, developments like NEOM, with its massive $500 billion budget, represent the largest construction projects globally. Furthermore, Red Sea tourism projects, valued at $8.5 billion, place a large emphasis on digital and smart delivery, while the $2.4 billion Roshn housing project aims to cut emissions by an estimated 18%.
To learn more about Saudi Arabia’s biggest Construction Technology Confex, head to the official website.
Abu Dhabi’s Hub71 To Help Climate Technology Startups
The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.
Hub71, Abu Dhabi’s global technology system, has launched a new initiative to support climate technology startups backed by several of the UAE’s largest public and private sector organizations.
A total of 342 startups have submitted applications so far, with the top companies being added to a shortlist that will be revealed shortly. Selected startups will receive Dh250,000 ($68,000) in incentives and an upfront cash support package of Dh250,000. In addition, the top performers of Hub71’s new initiative will also receive a top-up of up to Dh250,000 in exchange for additional equity.
Ahmad Alwan, deputy chief executive of Hub71, said: “This initiative aims to bring in different entities that have a shared mission towards climate tech […] Throughout the journey, we will support these companies, not only from being startups to becoming mature companies but also to facilitate their engagement with entities that would support them with access to capital, market, and talent”.
The Hub71+ ClimateTech ecosystem is backed by the Abu Dhabi National Energy Company and the National Central Cooling Company, who have each pledged Dh500,000 to the initiative as anchor partners.
They are joined by corporate partners, including Abu Dhabi holding company ADQ, Aldar Properties, sovereign wealth fund Mubadala, First Abu Dhabi Bank, Masdar City, and Dubai’s Emirates NBD. In addition, Siemens Energy is also onboard as an anchor partner.
So far, Hub71 has helped 260 member startups and created over 1,000 jobs, according to the organization’s website. In addition, it has collectively raised around Dh5 billion since its foundation in 2019.