The areas will be part of a so-called “Construction Village,” which Neom later plans to expand to accommodate more than 100,000 residents.
Saudi Arabia has awarded to two Saudi firms contracts to build worker housing for its futuristic mega-city called Neom, as plans for the $500 billion project move forward despite scepticism from investors.
Tamimi Group and Saudi Arabian Trading & Construction Co won contracts to finance, build and operate three residential areas with capacity to house 30,000 people, Neom said in a statement on Sunday.
The areas will be part of a so-called “Construction Village,” which Neom later plans to expand to accommodate more than 100,000 residents, it said. Neom did not say how much the contracts were worth. Read full article..