Smart city technologies could generate more than $5.8 billion in Riyadh as Saudi Arabia invests heavily in infrastructure and urban development, according to a new report by real estate firm JLL.
The report, titled “Smart cities, smart investments?
Smart construction accounts for more than $3.8 billion of the projected value, making it the largest opportunity.
Greater productivity, commercial activity, development, health and sustainability could add to the wider economic impact of smart technology.
The report comes as smart technologies become increasingly prevalent across construction and urban infrastructure worldwide.