By: Staff Writer
February 03, Colombo (LNW): The construction industry in Sri Lanka experienced growth in building activities in December 2024, as indicated by the Purchasing Managers’ Index for Construction (PMI – Construction), compiled by the Central Bank of Sri Lanka (CBSL).
The total activity index remained at 51.4, the same value recorded in November. Despite this stability, CBSL noted that industry stakeholders emphasized the need for more large-scale construction projects to ensure continued sectoral growth.
New orders remained at a neutral threshold, signifying that the number of construction projects approved in December was consistent with the previous month.
Meanwhile, although the employment index continued to decline, the rate of contraction slowed in December. The Quantity of Purchases index showed an increase, reflecting the overall expansion in construction activities.
However, suppliers’ delivery times continued to be extended during the month. Looking ahead, the industry outlook for the next three months remains optimistic, primarily due to anticipated favorable weather conditions. Nevertheless, firms are keenly awaiting the government’s infrastructure initiatives in the upcoming Budget.
In a parallel development, Amicis Holdings, in collaboration with Autodesk, hosted a groundbreaking event aimed at transforming Sri Lanka’s construction sector. The event attracted over 100 industry professionals, including architects, engineers, and other key stakeholders, who explored how Autodesk’s advanced technology could drive innovation and efficiency in the industry.
A major highlight of the event was the insightful presentations by industry leaders, including the International Construction Consortium Ltd. (ICC) and ARK Draft Ltd. These organizations shared their experiences in implementing Building Information Modelling (BIM) using Autodesk tools. They detailed the challenges faced during adoption and the substantial benefits achieved in design, collaboration, and project execution, resonating strongly with the audience.
Live demonstrations and panel discussions fostered an engaging platform for knowledge exchange, covering topics such as utilizing BIM for sustainable construction and addressing digital transformation hurdles. The interactive sessions sparked discussions and encouraged attendees to integrate new technologies into their workflows.
“This event marks a pivotal step toward fostering a more innovative and sustainable construction sector in Sri Lanka. Autodesk’s solutions go beyond digital transformation; they pave the way for smarter, greener, and more efficient construction practices,” said Deric John, Co-founder and Director of Amicis Holdings.
Following the event’s success, Amicis Holdings and Autodesk reaffirmed their commitment to spearheading digital advancements and empowering Sri Lanka’s construction sector to achieve greater efficiency, sustainability, and creativity. As the country embraces this technological revolution, the future of construction appears increasingly promising.
