ALEC Holdings hosts Innovation Day 2025 following landmark IPO

DUBAI, UAE, 28 November 2025: ALEC Holdings said it hosted ALEC Innovation Day 2025 as its first major event since its landmark IPO. Making the announcement through a Press Release, ALEC said the event was anchored in its vision of being the “Platform for Global Innovation Solutions”. The company added that the Innovation Day highlighted how ideas are tested on real projects, refined through fast feedback and scaled across the construction industry.

ALEC said that at the latest edition of its annual Innovation Day it demonstrated how the execution of its Innovation Roadmap has enabled the company to evolve into a platform for global innovation solutions. The company said it has positioned itself as a place where solutions shaping the future of construction are ideated, nurtured and scaled across the wider industry.

ALEC said the GCC region construction market is projected to reach US$2.7 trillion by 2033 and said the sector is under increasing pressure to build faster, safer and more sustainably. Imad Itani, Head of Innovation, ALEC, said: “The region is a fertile ground for innovation, but this cannot thrive in isolation. It needs an ecosystem which allows promising technologies to be applied to the most ambitious undertakings, investors to access vetted solutions, and innovators to secure fast-track funding. At ALEC, we have made a clear and concerted effort to become that ecosystem. Today we are the epicentre of construction innovation, identifying, implementing, and scaling technologies that can transform how the region builds.”

ALEC said its transformation is driven by a culture that encourages experimentation across the organization and added that it has cultivated champions across departments who test, refine and scale new ideas. The company said many of its business units now bring their own innovative products and services to market.

ALEC said its position as a platform for global innovation solutions was reinforced by the participation of 15 external partners at Innovation Day and that these partners have used the company as a launchpad by working with its specialists to mature solutions, apply them to real-world projects and develop viable commercial models. The company said examples included TENDERD, which it described as an AI-powered equipment management platform that secured a US$30 million Series A round, and SOLUT, whose workforce productivity analytics technology it said increased labour efficiency by around 30 percent across multiple pilot sites.

“The credibility afforded by ALEC’s validation has been transformative for us,” said Aleksander Belousov, Founder, SOLUT. “Since collaborating with ALEC, we have seen increased engagement from developers and contractors, as well as from customers in other industries,

who now have the confidence to adopt and support our solutions. It has significantly shortened our time to market and accelerated our ability to refine and scale our technology,” Belousov added.

ALEC said Innovation Day also highlighted its commitment to subcontractors, which it said play a growing role in shaping the future of the construction sector. “Subcontractors play a vital role in ALEC’s project delivery, which makes their involvement in our innovation journey essential,” Itani said. “This year marks the first time we have expanded our innovation initiatives to include select subcontractors, and we intend to broaden this across the entire supply chain in the future. By creating opportunities for shared learning and collaboration, we are building a collaboration framework that will enhance capabilities across the ecosystem and drive collective progress,” Itani added.

ALEC said it introduced a new set of Collaboration Awards during this edition of Innovation Day. The company said the awards recognise partners contributing to innovation across its ecosystem and that the awards cover four categories including Innovative Subcontractor of the Year, Technology Collaboration of the Year, Start-up Engagement of the Year and Client Collaboration of the Year.

Imad Itani