As the number of people residing in already-established cities and new projects drives up demand for new buildings, architects and builders around the world are increasingly focusing on modular construction over the traditional permanent structure in an effort to cut down on construction time and speed up the commercialisation of their projects. While the Asia Pacific region dominates the modular construction market in terms of adoption and projects, the market is seeing a greater appetite in the Middle East.
The Middle East modular construction market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.6% from 2023 to 2030. Glasgow report shows precast market in UAE is expected to grow at a rate of 4.4% between 2018 and 2024, with structural products accounting for ~50% of the overall market value in 2020 and is forecasted to reach USD 0.94 billion in 2024.

Dubai continues to grow and expand and is likely that the use of modular construction will continue to increase, as developers and builders seek to meet the city's growing demand for new buildings and infrastructure. There is a massive need for housing units in short delivery time in the UEA. With the world pushing for reduced global emissions in the construction industry, companies are gearing up to develop environmentally sustainable building solutions and technologies. Studies have found that modular construction, prefabrication and precast applications will be a prominent positive contributor to the environment and economy, especially in the more densely commercialised areas of UAE.

The  Modular Construction & Prefabrication Summit, a flagship event by Trueventus, features presentations from leading industry experts on the latest techniques and technologies in modular construction. Gain insights and experience first-hand on the recent innovations and opportunities in modern construction methods to streamline workflows, improve productivity, generate more substantial profit and take advantage of the excellent networking opportunities throughout the summit.