New JV aims to accelerate shift to automated modular construction

Core Insights - Mulk International and Marses have established a joint venture named Mulk Marses Robotics to revolutionize construction through automated manufacturing [1] - The joint venture aims to enhance precision, speed, and sustainability in construction, addressing the limitations of traditional methods [2] Company Developments - Mulk Marses Robotics plans to set up fully automated modular construction facilities in the UAE, Europe, and the US [2] - The facilities will utilize robotic technology to manufacture wall panels, pods, and modular housing systems, focusing on cost and time reduction [3] Industry Impact - The integration of robotics in construction is expected to significantly reduce timelines, lower costs, and improve quality while embedding sustainability into projects [3] - Mulk Marses Robotics aims to optimize resources and minimize waste, contributing to lower carbon emissions [4] Future Initiatives - The joint venture will establish a Construction Automation Training Academy to educate workers on new technologies [4] - There are plans to extend automation technology applications beyond the construction sector [4] Market Context - According to GlobalData, global construction output is projected to grow by 3.1% in 2024, with a forecasted growth of 2.3% in 2025 [5]