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.