New joint venture pairs Omnium’s 50 years of project expertise with Innovaite’s product & AI capability, starting with CapEx cost intelligence

IOX has been created to help the built environment respond to a fast-changing market with stronger data, better tools and trusted AI. Its founding principle is simple: technology built by the people who lived the challenges.

The venture brings together two complementary strengths. Omnium contributes 50 years of deep industry expertise, trusted client relationships and valuable project data drawn from work on some of the world's most significant developments, including the Burj Khalifa, One Za’abeel, Atlantis the Royal, the Expo 2020 Pavilions, Jeddah Tower and Al Ula. Innovaite contributes the technology, product and AI capability to transform that expertise into scalable intelligence, rapidly turning ideas into solutions that create measurable impact.

The result is technology shaped by real industry knowledge, not generic tools pushed into the market from the outside.

Nicholas Harris, Managing Director of Omnium International, says:

"For more than 50 years, Omnium has been trusted to support some of the most ambitious and complex projects in the region and beyond.

IOX represents an important next chapter in that journey. This is not about replacing the expertise, judgement and relationships that have made Omnium who we are. It is about strengthening them, giving our people and our clients better tools, clearer insight and greater opportunity to create value.

We are building IOX from a position of real strength, with a clear understanding of the challenges our industry faces and the role we can play in helping to solve them.”

CapEx cost intelligence for faster access to accurate data

IOX launches with a platform focused on CapEx cost intelligence, beginning with four capabilities:

• IO Procure: an AI-enabled tender analysis solution that turns complex submissions into clearer, faster commercial decisions. By automating analysis and identifying commercial risk earlier, it can reduce the time required to complete a full commercial tender evaluation by up to 80% while creating reusable procurement intelligence for future benchmarking and supplier insight.
• IO Insight: a searchable rates and cost intelligence library with an AI assistant for instant, data-backed answers.
• IO Master: AI-enabled cost modelling and benchmarking that produces early estimates in hours rather than weeks.
• IO Translate: translation between measurement and design standards, reducing delays and improving consistency.

The longer-term ambition is broader still: a connected platform that supports multiple parts of the construction value chain, from project management and schedule risk to claims and dispute resolution.

Tim Shelton, Operations Director for Technology & Advisory at Omnium International and CEO of IOX, says:

"Across our industry, data is everywhere, but it's fragmented, and our people spend too long chasing information that should be at their fingertips.

IOX removes those speed bumps. Every tool is shaped through workshops, user feedback and the expertise of the people who do this work every day. We're not adding AI for effect. We're using it where it genuinely helps and always with human judgement at the centre."

Responsible AI that enhances professional skills

A core commitment of IOX is responsible, governed AI. The platform runs advanced AI models within a controlled architecture designed to protect client and corporate data, with human review built into every output.

The approach reflects the wider industry direction, including the role of professional bodies such as RICS in promoting responsible AI and future professional skills.

Gavin Britton, CEO and Co-Founder of Innovaite and Chief Product Officer at IOX, says:

“Too much technology entering the built environment is built by people who have never delivered a project.

IOX is different. By combining Innovaite’s product and AI capability with Omnium’s deep industry knowledge, we can build solutions around real problems, not assumptions.

This is what happens when technology and industry expertise are designed together from day one: tools that are practical, relevant and built for the people who will actually use them.”

IOX will continue to evolve with input from across the business and the wider market, supported by an ambassador programme, an external advisory board made up of leading voices from the construction industry and beyond, and a growing pipeline of new capabilities.

About Omnium International: Specialist Project Management, Cost Consultants & Chartered Quantity Surveyors

Serving the Middle East, Europe and the UK from 6 international branches and our Cyprus headquarters, Omnium International is amongst the strongest Project Management, Cost Consultancy and Quantity Surveying firms in the region.

RICS regulated and ISO accredited, our experienced, committed and award-winning people benefit from cross-sector expertise gained worldwide, spanning developments from key infrastructure and complex master planning projects to hospitality, residential and commercial mixed-use assets.

Niche knowledge and understanding, and a unique Director-led approach, has delivered iconic projects including the Burj Khalifa and Downtown Dubai, Dubai Marina, Dubai Mall, Dubai Hills Estate, Dubai Creek Harbour, key Expo 2020 Pavilions, One Za’abeel and Jeddah Economic City.

Services include:

• Project Management Consultancy
• Cost & Commercial Management
• Quality & Risk Management
• Governance, Risk & Compliance
• Decarbonisation & Energy Consultancy
• Technology & Innovation Consultancy
• Dispute Resolution & Claims Management services delivered by group company Omnium Resolve
• Expert Witness

About Innovaite:

Innovaite is a digital, data and solution development consultancy created to help organisations move from strategy to execution with greater clarity, confidence and impact.

With a focus on practical innovation, rapid prototyping and measurable outcomes, Innovaite bridges the gap between advisory and implementation, helping organisations turn complex challenges into intelligent, usable and future-ready solutions.

About IOX:

IOX is a joint venture between Omnium International and Innovaite.

Built by the people who lived the challenges, IOX exists to help the built environment turn fragmented data into clearer decisions, faster workflows and practical solutions, reducing delay, improving certainty and creating stronger foundations for a more capable, connected and resilient industry.