Samsung C&T is expected to cooperate with POSCO to win a housing project worth about $ 4 billion in Neom City, Saudi Arabia, worth about 5.2 trillion won It is a mega-scale project to build 10,000 employees’ accommodation in Neom City using a modular assembly method. Analysts say it is the result of Saudi Arabia, which emphasizes Neom City’s speed war, and domestic construction companies that are competitive in modular construction
According to industries on the 16th, Samsung C&T and POSCO are planning to push for a DB Design Build, design and construction contract with Neomsa, which operates Neom City, after Crown Prince Muhammad bin Salman visited Korea on the 17th The $4 billion project is a steel modular residential complex building 10,000 homes in Neom City
Saudi officials explain that although it is for accommodation for the residents of the super-large construction site, it is a test bed test site for housing construction in Neom City’s core straight city The Line. After understanding the efficiency and productivity of modular housing through this project, it will be applied to the construction of houses in The Line
On the 8th, a blasting roar rang out at a tunnel construction site in Neom City, Saudi Arabia
It sounded like the start of infrastructure construction that would form the framework of the new city
Samsung C&T 028260 and Hyundai Engineering & Construction 000720 were responsible for 125km of the first 28km tunnel
In other words, our company is at the forefront of the Neom City construction, which is targeting the second Dubai and Abu Dhabi The Neom City development project is a mega project worth 500 billion dollars and about 700 trillion won
An official from Hyundai Engineering & Construction, who is participating in the tunnel construction, said, “The biggest doubt regarding Neom City was whether it could actually start construction, but it became clear that construction was finally started.” 
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