RIYADH: The NEOM company has launched on Tuesday construction works to develop the first phase of residential complexes in certain areas dedicated for workers’ housing.
The first phase has been designed with a capacity to house 30,000 workers who will be moving to NEOM in the next period to develop different areas of the project.
Building in this phase has kicked off with the attendance of NEOM chief executive Nadhmi Al-Nasr as well as heads of the two Saudi companies who won contracts for the construction of the complexes, Al-Tamimi Group and Saudi Arabian Trading & Construction Co. (SATCO).
The contracts awarded on Sept. 8 allow the companies to operate the housing for 10 years.This is considered the first investment opportunity listed by NEOM.
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