That is a nice looking building going up!
I can kind of see the point, EMT is pretty flame containing and it makes inspection easy (EMT yes/no?, not Hmm, is this cable of one of the approved types for this circuit?) but it also looks like a bit of a power-grab by the union, and other cables are quite safe when used appropriately. Still, hopefully least to higher standards than often seen in new builds.
The other think is how often is it fixed wiring that is at fault? I would expect it is the appliances and their flex that cause most fires.
Also another odd difference that I heard from
@Megawatt is that USA generally has its GFCI/AFCI at the outlets, where as in the UK/Europe it is normal to have them at the breaker board so they protect the fixed wiring from faults (or limit the risk to DIYers drilling walls for a new shelf) as well as attached equipment.