Souretis (GEK TERNA): The 4 factors that determine the future of the construction industry

Four factors determine the future of the construction industry, the value of which, at a European level, from approximately 2 trillion euros, is expected to increase to almost 3 trillion euros by 2035, as stated by the Executive Officer of GEK TERNA Group, Petros Souretis, at the 8th Athens Investment Forum.

He explained that the next decade is a period of structural transformation – with the energy transition, climate change and Artificial Intelligence dominating – and the course of the industry will be based mainly on four strategic pillars:

First, the Green Transition and the European Green Deal, which mobilize investments of over 1 trillion euros by 2030 for the energy upgrade of 35 million buildings and the development of 300 GW of RES, with an annual growth rate of projects of approximately 2.5%.

Secondly, Infrastructure Upgrade and Resilience. Through programmes such as the Connecting Europe Facility and InvestEU, the aim is to strengthen the connectivity and resilience of European networks, attracting investments of over 500 billion euros.

Thirdly, Digital Transformation. BIM technology, Artificial Intelligence, the use of drones and 3D printing allow for cost reductions of up to 20% and delivery times of up to 30%.

ΔΙΑΒΑΣΤΕ ΕΠΙΣΗΣ

Η Ερέτρια στο προσκήνιο του τουρισμού με νέο μεγάλο παραθαλάσσιο resort

Fourthly, addressing the shortage of 1.3 million skilled workers, which necessitates automation, standardization and the adoption of new collaboration models.

Artificial Intelligence and big data

Souretis also emphasized that the use of Artificial Intelligence and big data allows infrastructure groups not only to intervene, but to predict potential vulnerabilities of projects in a timely manner, providing services worthy of the cost borne by the user.

“Our strategy is clear: the infrastructures of the future will be green, ‘smart’ and resilient. GEK TERNA, with consistency and vision, invests in projects that transform sustainability into a development force, creating pillars of security, innovation and quality of life for the Europe of 2030,” he concluded.