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Capital projects worldwide face substantial delays and budget overruns, threatening investor value and undermining critical infrastructure objectives across all regions.

Industry research reveals that globally, on average, capital projects take almost 60% longer than scheduled and exceed budgets by about a third.

However here in the Middle East most numbers suffer an uptick against that global average.

In addition, these delays trigger average claims of US $85 million per project worldwide. Disputed costs now consume on average a third of project CAPEX and add 16 months to schedules.

Digging deeper, most of the wider root causes of project creep are entirely correctable, whether caused by inadequate integrated risk management, weaknesses in frameworks or simple “data blindness” across teams.

These findings demonstrate that regardless of location, capital projects benefit from robust but flexible frameworks that drive better contract, design and portfolio management which are tailored to both global best practices and local needs.

And that is where we come in, with Kairos, you secure a partner to tackle capital project risks through a fully integrated suite of solutions and digital platforms.