Saudi Arabia s planned mega-city NEOM has secured 21 billion riyals ($5.60 billion) in financing and finalized contracts to develop the first phase of housing expansion for its workforce, it said in a statement on Tuesday.
HanmiGlobal said Tuesday it won an order to monitor the building of an additional 10,000 houses for Saudi Arabia s Neom construction workers by May 2024. The latest contract was signed after the Korean project management firm won an order last November to monitor the building of 50,000 houses in the construction worker villages and an additional order in March to monitor the construction of 20,000 houses in the villages.
Collaboration to accelerate the development of NEOM in Saudi Arabia with up to 9 gigawatts of power transmission capacityZurich, Switzerland, May 30, 2023 (GLOBE NEWSWIRE) Hitachi Energy, a global technology