USD919 million Investment announced for Residential project in Saudi Arabia
Nesma Holding has announced that it will invest over SAR3.45 billion (US$919 million) into NEOM’s residential communities in Saudi Arabia.
The project involves developing, constructing and operating 2 residential communities, which will cover an area of over 1 million m² and accommodate more than 15,000 residents in Neom city. Communities will offer integrated amenities and services such as multi-sport facilities, open green spaces, health clinics and shops. The project is part of a wider project worth SAR21 billion (US$5.5 billion).
The Nesma Group team comprises key players from various departments, including project developers, EPC and O&M contractors, and manufacturers. The company will build environment friendly buildings using sustainable modular construction methods.
Country news
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June 09, 2023
Bids received for Sewage Treatment Plant in Saudi Arabia
The Saudi Water Partnership Company (SWPC) has announced that it had received private bids from 4 consortia for the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, Saudi Arabia
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June 08, 2023
Opening announced for multimillion International Airport Project in Saudi Arabia
Saudi Arabia's government has announced the opening of the Red Sea International Airport.
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June 07, 2023
Commercial Operation Started for US$650 million Independent Water Desalination Plant in Saudi Arabia
ACWA Power has officially inaugurated Jubail 3A independent water desalination plant (Jazlah Water Desalination Company) in Saudi Arabia.
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May 15, 2023
USD1.52 billion Contract awarded for High-Speed Railway project in Saudi Arabia
Webuild has announced that its consortium signed a contract worth EUR1.4 billion (US$1.5 billion) to design and build 57 km of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia.
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March 09, 2023
Three bids received for Independent Water Transmission Pipeline PPP project in Saudi Arabia
Saudi Water Partnership Company (SWPC) has announced that it has received the Bidder's Proposals for the development of the Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project in Saudi Arabia.
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