CINXE.COM
International Report Q2 2023 - RLB | Middle East
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</span></li></ul></div></div><div class="l-sec l-sec--sidebar-content l-sec--gutter-top-big l-sec--gutter-bottom-huge l-sec--gutter-mobile-top-big"><div class="l-inner l-inner--wide l-sec__inner"><div class="l-sec__sidebar"><div class="c-sidebar-box js-sidebar"><div class="c-sidebar-box__btn"><div class="c-sidebar-box__btn-wrapper js-sidebar-toggle"> <button class="c-btn"> <i class="c-btn__icon c-btn__icon--open fas fa-times"></i> <i class="c-btn__icon c-btn__icon--close fas fa-info"></i> </button></div></div><div class="c-sidebar-box__content"><div class="c-sidebar"><div class="c-sidebar__row"><div class="c-article-about ui-bg--athens-grey"><h6 class="c-article-about__heading">About this article</h6><div class="c-article-about__info"><div class="c-article-about__img"> <noscript><img src="https://s31756.pcdn.co/middle-east/wp-content/uploads/sites/7/2020/08/Andrew-Reynolds-RLB-1-106x106.jpg.optimal.jpg" alt="Andrew Reynolds"/></noscript><img class="lazyload" 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document.body, { attributes: true, childList: false, subtree: true, attributeFilter: [ 'style', 'class' ], }); } else { triggerPostRender(); } } );} );</script> </div></div><div class="c-sidebar__row"><div class="c-article-about ui-bg--athens-grey"><h6 class="c-article-about__heading">Connect</h6><div class="c-article-about__socials"><ul class="c-socials-list"><li class="c-socials-list__item"> <a class="c-cta c-cta--social" href="https://www.linkedin.com/company/rider-levett-bucknall_3/" target="_blank"> <i class="fab fa-linkedin"></i> </a></li></ul></div></div></div></div></div></div></div><div class="l-sec__main-content"><div class="ui-cms-editable ui-cms-editable--insights"><h3 class="wp-block-heading">According to Rider Levett Bucknall’s Q2 2023 International Report, concerns about material costs, COVID-19, supply chain logistics and extreme weather events have taken a back seat to wages bills, general inflation and interest rate rises.</h3><p>The Rider Levett Bucknall (RLB) Q2 2023 International Report finds the global construction industry still faces significant challenges in 2023, despite some recent improvements.</p><p>Material costs, the most volatile escalation influence throughout 2021 and 2022, has softened, according to the recent RLB Regional Construction Escalation Influences survey.</p><p>Other influences, such as anti-COVID-19 measures, supply chain logistics and abnormal weather events, are less pronounced than they were six months ago.</p><p>Instead, wage cost increases, general inflation and rising interest rates are more prominent influences on cost, RLB finds.</p><p>The global construction industry can expect supply chain disruptions, skilled labour shortages and rising construction costs throughout 2023.</p><p>Andrew Reynolds, RLB Global Chairman and UK & Europe Chief Executive, says RLB’s research finds one of the most significant industry impacts is the shift towards sustainable development.</p><blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>Globally, the construction industry is under increasing pressure to prioritise sustainability and environmental responsibility.</p><p>Meeting green building standards, reducing carbon emissions and adopting sustainable practices require additional investments and specialised expertise.</p> <cite>Andrew Reynolds, RLB Global Chairman and UK & Europe Chief Executive</cite></blockquote><p>Many countries continue to struggle with significant funding gaps in infrastructure, which limits their ability to invest in new projects and maintain existing infrastructure, the report finds.</p><p>Technology adoption and integration is another area of challenge and opportunity, Mr Reynolds notes.</p><p>“Integrating technologies like Building Information Modelling, drones and automation into existing workflows and upskilling the workforce are significant challenges for many companies.”</p><p>Complex and evolving regulations, including building codes, safety standards and environmental compliance, also adds complexity and cost.</p><p>“The construction industry is grappling with a complex set of issues, many of them interconnected. Understanding those issues and their cost implications will help projects and professionals move forward together.”</p><p><em>Download the </em><em>Rider Levett Bucknall Q2 2023 International Report</em><em> </em><em>for in-depth commentary on each region globally.</em></p></div><div class="c-contacts-cards c-contacts-cards--double c-contacts-cards--full"><div class="c-contacts-cards__info c-contacts-cards__info--mb-invisible"><div class="c-contacts-cards__title"><p class="t-body t-medium t-uppercase ui-color--white"> FURTHER INFORMATION:</p></div><div class="c-contacts-cards__cta"> <a class="c-contacts-cards__link t-btn t-uppercase ui-color--white" href="https://www.rlb.com/middle-east/about/contact-offices/" target=""> <span>FIND YOUR NEAREST RLB OFFICE</span> <i class="c-contacts-cards__icon fal fa-arrow-right"></i> </a></div></div><div class="c-contacts-cards__content"><div class="c-contacts-cards__row"><div class="c-contacts"><div class="c-contacts__avatar"> <noscript><img class="c-contacts__img" src="https://s31756.pcdn.co/middle-east/wp-content/uploads/sites/7/2020/08/Andrew-Reynolds-RLB-1-106x106.jpg.optimal.jpg" alt="Andrew Reynolds"/></noscript><img class="lazyload c-contacts__img" src='data:image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E' data-src="https://s31756.pcdn.co/middle-east/wp-content/uploads/sites/7/2020/08/Andrew-Reynolds-RLB-1-106x106.jpg.optimal.jpg" alt="Andrew Reynolds"/></div><div class="c-contacts__info"><h6 class="c-contacts__heading ui-color--main t-heading-6"> Andrew Reynolds</h6><div class="c-contacts__title-wrapper"><p class="c-contacts__title ui-color--hoki t-body"> UK & Europe Chief Executive</p><div class="c-contacts__title-box"> <i class="c-contacts__icon fal fa-mobile ui-color--hoki"></i> <a class="c-contacts__title c-cta ui-color--hoki t-body" href="tel:+44 20 7398 8300"> +44 20 7398 8300 </a></div><div class="c-contacts__title-box"> <i class="c-contacts__icon fal fa-at ui-color--hoki"></i> <a class="c-contacts__title c-cta ui-color--hoki t-body" href="mailto:andrew.reynolds@uk.rlb.com"> andrew.reynolds@uk.rlb.com </a></div></div></div></div></div></div><div class="c-contacts-cards__info-wrapper c-contacts-cards__info--mb-visible"><div class="c-contacts-cards__info"><div class="c-contacts-cards__cta"> <a class="c-contacts-cards__link t-btn t-uppercase ui-color--white" href="https://www.rlb.com/middle-east/about/contact-offices/" target=""> <span>FIND YOUR NEAREST RLB OFFICE</span> <i class="c-contacts-cards__icon fal fa-arrow-right"></i> </a></div></div></div></div></div></div></div><div class="l-sec"><div class="c-blog-post-nav"> <a class="c-blog-post-nav-btn c-blog-post-nav-btn--prev" href="https://www.rlb.com/middle-east/insight/challenges-and-opportunities-in-the-post-covid-19-world/"><div class="c-blog-post-nav-btn__short-label"> Prev</div><div class="c-blog-post-nav-btn__label"> Previous</div> <span class="c-blog-post-nav-btn__desc"> Challenges and opportunities in the post Covid-19 world </span><div class="c-blog-post-nav-btn__btn c-blog-post-nav-btn__btn--prev"><div class="ui-slider-navigation-btn ui-slider-navigation-btn--red js-slider-btn-prev"> <i class="fal fa-chevron-left"></i></div></div> </a><div class="c-blog-post-nav-cta"><div class="c-blog-post-nav-cta__link"> Like this post? 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