The construction industry is now focusing on knowledge as a new competitive advantage, with GDP (Gross Domestic Product) growth rates being determined by the quality and quantity of knowledge used in production. Knowledge management (KM) practices are crucial to improving industry effectiveness and leveraging knowledge as a key to power. KM has gained importance as industrialized economies shift from natural resources to intellectual assets. Organizations use knowledge management as a strategic process to enhance learning and performance by utilizing knowledge in both short- and long-term ways. It involves four dimensions: acquisition, conversion, application, and protection, all of which are closely linked to organizational performance. Proper support systems are essential for knowledge generation, code, and transfer. Implementing KM in the construction industry can lead to industry growth, but it also presents challenges and factors that need to be addressed. Despite these challenges, KM is essential for the growth and success of the construction industry.