NEOM Investment Fund (NIF)’s Post

Congrats! That's an impressive development! NEOM's collaboration with Samsung C&T Corporation highlights a forward-thinking approach to revolutionizing the construction industry in Saudi Arabia. Investing SAR 1.3 billion into construction robotics not only underscores the region's commitment to innovation but also sets a strong precedent for the integration of advanced technologies in large-scale projects. This partnership will undoubtedly accelerate automation, improve efficiency, and drive the construction sector towards a more sustainable and technologically advanced future. Exciting times ahead for Saudi Arabia's Vision 2030!

#NEOM has signed a joint venture agreement with Samsung C&T Corporation for an initial investment of over SAR 1.3 billion in construction robotics. This will accelerate the development and deployment of cutting-edge construction automation technology in Saudi Arabia. Learn more: https://bit.ly/3BLoWaj

#NEOM has signed a joint venture agreement with Samsung C&T Corporation for an initial investment of over SAR 1.3 billion in construction robotics. This will accelerate the development and deployment of cutting-edge construction automation technology in Saudi Arabia. Learn more: https://bit.ly/3BLoWaj

Automating construction proceses will ensure a faster and more efficient construction process which will greatly enhance the business performance and delivery milestones for NEOM and who better to partner with than Samsung C&T Corporation a leader in automation and construction automation Public Investment Fund (PIF) NEOM Investment Fund (NIF)

NEOM has partnered with Samsung C&T Corporation in a landmark deal worth over SAR 1.3 billion to revolutionize construction in Saudi Arabia.

🤝 This landmark partnership between NEOM and Samsung C&T, Engineering & Construction highlights our commitment to revolutionising global construction practices. At Samsung C&T Corporation Australia, we’re inspired by the potential of advanced technologies to enhance efficiency, sustainability, and safety 🦺 With an investment of over SAR 1.3 bil (approx. A$550 mil), this JV reinforces Samsung C&T’s leadership in driving smarter, greener construction solutions—an approach we proudly bring to Australia’s infrastructure projects. #NEOM #TheLine #Construction #Innovation #Sustainability #GlobalLeadership #Samsung #SamsungCT #CreatingFutureScape

This is a significant step forward for construction technology in Saudi Arabia. The partnership between NEOM and Samsung C&T Corporation not only highlights a substantial investment but also sets the stage for innovative solutions in the industry. Excited to see how this will reshape the construction landscape! NEOM

NEOM, the sustainable development taking shape in the northwest of the Kingdom, has signed a joint venture (JV) agreement with Samsung C&T Corporation, to unlock an initial investment of more than SAR 1.3 billion in construction robotics. The agreement will accelerate the development and deployment of cutting-edge construction automation technology in Saudi Arabia. #NEOM #NIF #vision2030 #ksa #saudiarabia #robotics #samsung

#NEOM projects will be spotlighting and accelerating the construction robotics in the middle east

🚀 Exciting News from NEOM! 🚀 A groundbreaking joint venture between NEOM and Samsung C&T Corporation, marking a significant leap in construction automation technology. With an initial investment of over SAR 1.3 billion, this partnership aims to revolutionize the construction industry by automating rebar cage assembly through advanced robotic techniques. Key Highlights: 80% Reduction in Manual Workforce Hours: Enhancing safety, quality, and efficiency. 🔧🤖 40% Cost Reduction in Cage Assembly: Lowering material waste and boosting productivity. 💰📉 Creation of 2,000+ Skilled Jobs: Empowering local talent and driving economic growth. 👷♂️👷♀️ Sustainability at the Core: Aligning with NEOM’s vision for environmentally responsible construction. 🌍🌱 This collaboration not only supports the extensive requirements for THE LINE and other key developments but also sets a new benchmark for the global construction sector. 🌍🔧🤖 #NEOM #Samsung #ConstructionInnovation #Sustainability #Automation #FutureOfConstruction #Vision2030 #GreenBuilding #SmartConstruction #EconomicGrowth #TechRevolution