Would you like to receive notifications on latest updates of the following headlines?

NEOM invest in automated robotic technology for construction projects

POSTED ON December 13, 2024 •   TECHNOLOGY      BY Abiodun Saheed Omodara
Robotics Construction l Credit: SPA

NEOM has signed a landmark investment agreement with GMT Robotics, one of Europe’s emerging innovators in advanced construction technology.

Spearheaded by the NEOM Investment Fund (NIF), NEOM’s strategic investment arm, the agreement aims to accelerate the delivery of the region’s expansive capital project program through the use of construction robotics. 

The initiative underscores NEOM’s position as a pioneer in modern construction techniques, including automation, SPA reported.

NEOM Investment Fund CEO, Majid Mufti commented that “our investment in GMT Robotics reflects NEOM’s commitment to driving transformative technologies that will unlock next-generation industries. By localizing this advanced technology, we are laying the groundwork for sustainable development, high-skilled jobs, and the growth of commercially viable sectors. It is through partnerships like these that NIF will turn visionary goals into reality and establish NEOM as a global hub for innovation.”

Sector Head of Design and Construction at NEOM, Bandar Ashrour,  emphasized the importance of the collaboration by saying: “Enabling construction technology start-ups to align with NEOM’s ambitions is fundamental to what we do. GMT’s agility and expertise in harnessing robotics for construction bring unparalleled efficiency, consistency, and sustainability. We look forward to a dynamic collaboration that paves the way for a safer and more sustainable next generation of NEOM-built assets.”

GMT Robotics, based in Copenhagen, specializes in robotic technology tailored specifically to the rebar market. The company’s robotic rebar cage assembly and handling systems deliver significant advancements in efficiency and workplace safety for the construction industry. By reducing onsite workforce requirements by an average of 90% through offsite prefabrication, GMT Robotics enhances productivity while maintaining high safety standards.


The partnership will localize this technology, with rebar cages produced in NEOM-based factories. It also opens new opportunities for Saudi engineers to leverage robotics in other construction applications.

With the global construction robotics market valued at $168.2 million in 2022 and expected to reach $774.6 million by 2032—a growth of over 360% in 10 years—the benefits of robotics applications within the construction sector are extensive. These include enhanced task efficiency, reduced operating costs, improved health and safety, and greater design flexibility.


The partnership marks another milestone in NIF’s series of strategic investments. It reflects the Fund’s commitment to supporting NEOM’s sector strategy by enabling innovative technologies, establishing new businesses, and creating job opportunities to support NEOM’s growing economy.

READ ALSO
Tanzania,  Nigeria Lead Africa in Rising Fraud Rates- Report
BY Abiodun Saheed Omodara June 19, 2025 0

Tanzania and Nigeria have emerged as the leading countries in Africa for higher fraud rates, accordi...

READ ALSO
OpenAI Secures $200m Contract with US Department of Defense
BY Abiodun Saheed Omodara June 17, 2025 0

The US Department of Defense on Monday awarded OpenAI a $200 million contract to utilize generative...

READ ALSO
60,000 Nigerians Abroad Register on Diaspora Data Mapping Portal
BY Abiodun Saheed Omodara June 3, 2025 0

Approximately 60,000 Nigerians residing overseas have registered on the Diaspora Data Mapping Portal...

READ ALSO
Federal Ministry Unveils Digital Village to Bridge Digital Divide in Abuja Community
BY Abiodun Saheed Omodara May 30, 2025 0

The Federal Ministry of Communications, Innovation and Digital Economy has launched a Digital Villag...

READ ALSO
FG Unveils Project CNG-SPROUT to Revolutionize Campus Transport with Clean Energy
BY Abiodun Saheed Omodara May 30, 2025 0

The federal government has launched a transportation initiative called "Project CNG-SPROUT," designe...

READ ALSO
Agro Alliance Takes Top Honors at Hack4Livestock with IoT Solution for Cattle Intrusions
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Ministry of Livestock Development has announced its intention to empower 1,000...

READ ALSO
INEC Launches AI Division to Enhance Electoral Processes, Address Challenges
BY Abiodun Saheed Omodara May 23, 2025 0

ABUJA, Nigeria - The Independent National Electoral Commission (INEC) has sanctioned the establishme...

READ ALSO
Legal Obligations Remain Despite Threats to Exit Nigeria, FCCPC Rebukes Meta Platforms
BY Abiodun Saheed Omodara May 3, 2025 0

The Federal Government, through its Competition and Consumer Protection Commission (FCCPC), has crit...

OUR CHANNELS:

Tinubu's Visit to Saint Lucia: A Diplomatic and Cultural Milestone- Presidency
BY Abiodun Saheed Omodara June 30, 2025 0

The Presidency defended President Bola Tinubu’s current state visit to Saint Lucia on Sunday,...


Canada Tightens PGWP Eligibility, New Fields of Study Added, Others Removed
BY Abiodun Saheed Omodara June 29, 2025 0

Canadian authorities have made it more difficult for international students to qualify for post-grad...


Fubara Expresses Disappointment Over Conditions for Return to Office
BY Abiodun Saheed Omodara June 30, 2025 0

RIVERS, Nigeria- Suspended Rivers State Governor, Siminalayi Fubara, has expressed his disappointmen...


Tinubu to Discuss Sustainable Governance at BRICS Summit in Rio
BY Abiodun Saheed Omodara June 30, 2025 0

President Bola Tinubu arrived in Vieux Fort, Saint Lucia, on Saturday for the first leg of his two-p...


NDLEA Seizes Over 6,700 kg of Illicit Drugs in Cross River, Arrests 191 Suspects
BY Abiodun Saheed Omodara June 29, 2025 0

The National Drug Law Enforcement Agency (NDLEA) has reported the destruction of 30 hectares of cann...


UTME Mop-Up Sees Over 80% Absenteeism Amid Security Measures
BY Abiodun Saheed Omodara June 28, 2025 0

Over 80% of the 98,232 candidates eligible for Saturday's nationwide mop-up Unified Tertiary Matricu...


Makinde Advocates for National Rebirth
BY Abiodun Saheed Omodara June 29, 2025 0

OYO, Nigeria - Oyo State Governor, Seyi Makinde, emphasized the necessity for a national rebirth on...


Nigeria's Public Debt Reaches N149.39 Trillion, Marking 22.8% Annual Increase
BY Abiodun Saheed Omodara June 30, 2025 0

As of March 31, 2025, Nigeria's total public debt reached N149.39 trillion, showing an annual increa...


Ganduje Resigns as APC Chairman amid Health Concerns and Political Turmoil
BY Abiodun Saheed Omodara June 30, 2025 0

The Presidency, via Special Adviser to the President on Publicity and Strategy, Bayo Onanuga, stated...


France to Enforce Nationwide Smoking Ban in Public Outdoor Spaces
BY Abiodun Saheed Omodara June 29, 2025 0

Starting this Sunday, smoking will be banned on beaches, in public parks, gardens, bus shelters, and...


More Articles

Load more...

Menu