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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 SAR1.3 billion ( 345 million) in construction robotics. The agreement will accelerate the development and deployment of cutting-edge construction automation technology in Saudi Arabia said a statement from NEOM. The joint venture was orchestrated by the Saudi group s strategic investment arm NEOM Investment Fund (NIF) which plays a pivotal role in driving the development of NEOM s ecosystem by fostering new businesses and accelerating value creation across NEOM s 15 sectors. The JV aims to automate rebar cage assembly through advanced robotic welding and tying techniques enabling the assembly of large pre-manufactured reinforcement cages. ...
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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 SAR1.3 billion ( 345 million) in construction robotics. The agreement will accelerate the development and deployment of cutting-edge construction automation technology in Saudi Arabia said a statement from NEOM. The joint venture was orchestrated by the Saudi group s strategic investment arm NEOM Investment Fund (NIF) which plays a pivotal role in driving the development of NEOM s ecosystem by fostering new businesses and accelerating value creation across NEOM s 15 sectors. The JV aims to automate rebar cage assembly through advanced robotic welding and tying techniques enabling the assembly of large pre-manufactured reinforcement cages. ...
