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
Digital Inequality in Africa: High costs, infrastructure gaps leave millions offline
BY Abiodun Saheed Omodara April 21, 2025 0

Despite significant investments in Nigeria and various regions of Africa, only 38 percent of the pop...

READ ALSO
CBEX unregistered digital assets exchange in Nigeria, SEC warns of investment risks
BY Abiodun Saheed Omodara April 19, 2025 0

The Securities and Exchange Commission (SEC) has announced that Crypto Bridge Exchange, also referre...

READ ALSO
NDPC launches initiative to combat cyberbullying, financial fraud through data protection
BY Abiodun Saheed Omodara April 7, 2025 0

The National Data Protection Commission (NDPC) on Monday reiterated its dedication to enhancing data...

READ ALSO
UNCTAD highlights risks of AI disparities as market approaches $4.8trn
BY Abiodun Saheed Omodara April 7, 2025 0

The widespread adoption of artificial intelligence (AI) worldwide, along with the emergence of new t...

READ ALSO
AI's Role in Spiritual Guidance: Enhancing teachings while upholding values
BY Abiodun Saheed Omodara April 5, 2025 0

Artificial Intelligence (AI), a collection of technologies programmed into computers to execute vari...

READ ALSO
U.S. shows highest anxiety over AI Job loss amidst technological advancements
BY Abiodun Saheed Omodara April 3, 2025 0

Despite its advanced status, research indicates that the United States of America (USA) has the high...

READ ALSO
NITDA Partners Afrovision technologies to bridge job gap for Nigeria’s Tech Talent
BY Abiodun Saheed Omodara April 3, 2025 0

In an effort to tackle the ongoing challenge of job placement for Nigeria’s expanding tech tal...

READ ALSO
OpenAI valuation hits $300 billion after SoftBank-led fund
BY Abiodun Saheed Omodara April 2, 2025 0

The Japanese telecommunications company, alongside a group of investors, has recently announced yet...

OUR CHANNELS:

NYSC Takes a Stand: Launches Nationwide Campaign Against Gender-Based Violence
BY Abiodun Saheed Omodara May 22, 2025 0

BAUCHI, Nigeria - The National Youth Service Corps (NYSC) has committed to lead efforts against Gend...


Zulum Accuses Politicians and Military of Colluding with Boko Haram
BY Abiodun Saheed Omodara May 22, 2025 0

BORNO, Nigeria - Borno State Governor, Babagana Zulum, has accused certain Nigerian politicians and...


Civil Society Voices Concerns over Misuse of Cybercrimes (Amendment) Act 2024 against Journalists
BY Abiodun Saheed Omodara May 22, 2025 0

Members of civil society organizations (CSOs) have raised alarms about the increasing exploitation o...


Senate Moves to Discuss 2025 Proceeds of Crime Bill Aimed at Asset Recovery Reform
BY Abiodun Saheed Omodara May 22, 2025 0

The Senate has initiated plans to discuss the 2025 Proceeds of Crime bill, which is sponsored by Dr....


14-Year-Old Student Killed by Police during Traffic Enforcement
BY Abiodun Saheed Omodara May 22, 2025 0

OYO, Nigeria - The Nigerian Police Command has initiated an investigation to uncover the details sur...


Wike Unveils Major Projects to Celebrate President Tinubu's Second Anniversary
BY Abiodun Saheed Omodara May 22, 2025 0

ABUJA, Nigeria - FCT Minister Nyesom Wike has revealed plans to launch various projects executed by...


Explosion Rocks Alake Sports Complex, Several Shops Destroyed
BY Abiodun Saheed Omodara May 22, 2025 0

OGUN, Nigeria - An explosion involving a diesel-filled tanker behind the Alake Sports Complex in Ije...


Yahaya Signs Electricity Bill to Foster Investment and Regulation
BY Abiodun Saheed Omodara May 22, 2025 0

Governor Inuwa Yahaya has officially enacted the Gombe State Electricity Bill, 2025. This announce...


LASG shut 5 Orphanages, Rescued over 200 children Amid Child Trafficking
BY Abiodun Saheed Omodara May 22, 2025 0

The Lagos State government has closed down five orphanages over the past year due to issues such as...


FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 22, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...


More Articles

Load more...

Menu