The Government established the Construction Innovation and Technology Fund (CITF) in October 2018, and injected HK$2.2 billion into the Fund. The Construction Industry Council (CIC) is responsible for the management and operation of the Fund.

In the 2026–27 Budget, the Government proposed to inject HK$1 billion into the Fund. Together with the HK$400 million contribution from the CIC, a total of HK$1.4 billion will be made available to continue supporting the development of the industry and promoting the wider adoption of innovative construction methods and new technologies. This includes fostering the industry's application of new technologies such as construction robotics, Artificial Intelligence (AI), and digital construction technologies.

Purpose and Objectives

The CITF is established to promote the adoption of innovative technologies in the construction industry, so as to enhance the overall industry performance. Its key objectives include:

A. Technology Adoption

Encouraging the wider use of innovative construction methods and new technologies to:

• Improve productivity
• Enhance built quality
• Strengthen site safety
• Improve environmental performance

B. Manpower Development

To enhance the capability of construction practitioners and students in construction related disciplines in applying innovative technologies.