Varadise Wins Another Gold at CIC Construction Digitalisation Award 2024

Hong Kong, December 2024 – Varadise Limited is thrilled to announce that we have been awarded the Gold Award in the Organisation Category (SME) at the CIC Construction Digitalisation Award 2024. This marks our second Gold Award from the Construction Industry Council, demonstrating our sustained excellence and leadership in construction digitalisation.

A Second Gold Achievement

After winning our first Gold Award as a start-up in 2021, receiving this second Gold Award in the SME category represents our growth and continued commitment to driving digital transformation in Hong Kong’s construction industry. This achievement reflects the trust and confidence our clients and partners place in our solutions.

Leading Hong Kong’s Digitalisation Movement

The 2024 award recognizes organisations with the highest number of digitalisation project references in Hong Kong. This milestone validates our position as a market leader in construction digitalisation and demonstrates the widespread adoption of our digital twin platform across the industry.

Since 2021, Varadise has successfully delivered digitalisation solutions for:

• Major infrastructure projects across Hong Kong
• Government departments including the Water Supplies Department and Civil Engineering and Development Department
• Multi-contract mega projects such as the Kwu Tung North New Town Development
• Pioneering initiatives including Hong Kong’s first 4D project at the Tseung Kwan O desalination plant
• Over 100 successful projects spanning construction, building, and city-level initiatives

Recognition of Growth and Impact

“Winning our second Gold Award at the CIC Construction Digitalisation Award is a testament to our team’s dedication and our clients’ partnership,” said Terence Lui, CEO and Co-founder of Varadise. “This recognition validates our approach and motivates us to continue pushing the boundaries of what’s possible in construction technology. We’re proud to be contributing to Hong Kong’s position as a leader in construction digitalisation.”

Evolution from Start-up to Industry Leader

Our journey from Gold Award-winning start-up in 2021 to Gold Award-winning SME in 2024 reflects:

• Team growth to over 100 young professionals
• Project expansion to more than 100 successful implementations
• Technology advancement with the launch of AI-powered COSMOS platform
• Market leadership with the highest number of digitalisation references in Hong Kong
• International recognition including WEF Technology Pioneer status

This award would not be possible without the trust and collaboration of our clients, partners, and the entire construction industry ecosystem in Hong Kong. We thank everyone who has supported our journey and look forward to continued partnership in building a more digital and sustainable future.