Saudi companies win contracts for workers’ housing in NEOM

Contracts have been awarded to two national companies to build, finance and operate three residential complexes, in one of the first investment opportunities offered to construction companies to work on the NEOM project. (Courtesy of NEOM)
Updated 09 September 2019

Saudi companies win contracts for workers’ housing in NEOM

  • Contracts have been awarded to two national companies
  • The contract allows the companies to operate the housing for 10 years

RIYADH: Saudi authorities have started building accommodation in certain areas in NEOM that will house workers helping to build the new megacity.
Contracts have been awarded to two national companies to build, finance and operate three residential complexes, in one of the first investment opportunities offered to construction companies to work on the NEOM project.
Two Saudi companies, Al-Tamimi Group and Saudi Arabian Trading & Construction Co. (SATCO) won contracts for the construction of the complexes, with a capacity to house 30,000 workers.
The contract allows the companies to operate the housing for 10 years.
The areas will be part of a “Construction Village,” which NEOM plans to expand to accommodate more than 100,000 workers, the statement said. NEOM did not say how much the contracts were worth.
“The awarding of these contracts is another milestone in our journey to turn the NEOM dream into a reality,” NEOM chief executive Nadhmi Al-Nasr said. A project of this scale “requires manpower to settle there for years to come,” Al-Nasr said.
The $500 billion NEOM project will be developed over an area of 26,500 km2 in the north-west of the Kingdom.
It aims to be one of the pillars of the Kingdom’s economic transformation.


At Davos, innovative products point to a sustainable future

Updated 24 January 2020

At Davos, innovative products point to a sustainable future

  • A single tree that to bear 40 different types of apple

DAVOS: The World Economic Forum is not all about the fourth industrial revolution or the rise of AI.

You can also find all manner of strange and intriguing products on display from biodegradable plastic made from algae to wallpaper made from recycled corn husks.

One stand titled “How do you design a tree?” is part of a conservation effort where a single tree is designed to bear 40 different types of apple.

Another stand displays colored seaweed on a rack, showing how clothes can be dyed in a sustainable, non-chemically corrosive manner.

Propped along a large wall is Fernando Laposse’s wallpaper made of variations of purple corn husks that are reinforced with recycled cardboard and cork to create wallpaper and furniture. The husks come from corn that needs very little water and can be grown in the desert, which makes it all the more sustainable.

“This initiative helps the local economy as it brings in jobs and a resurgence of crafts and food traditions while also ensuring sustainability,” Laposse said.

Another display shows a machine that extracts pellets from a mixture of algae and starch and is used to create a thread that is the base of 3D printing. These sustainable, biodegradable plastics made from algae are being experimented with in different regions.

With the rise of deep fakes — a branch of synthetic media in which a person in an existing image or video is replaced with someone else’s likeness — another stand delivers a warning on the looming dangers of unregulated software.

The Davos forum prides itself on its sustainability, and key topics have included climate, mobility, energy and the circular economy. Everything is recyclable, and participants must download an application in order to keep up with the program and any changes — a move to cut down on paper waste.