Saudi Arabia: NEOM Awards Red Sea International with $35 Million Contracts

Saudi Arabia: NEOM Awards Red Sea International with $35 Million Contracts

As per a SR78 million ($20.7 million) contract signed last week, the Saudi firm will be providing engineering, procurement and construction (EPC) services for the accommodation units, offices and all supporting building amenities for the employees of Neom.

Another deal signed recently, valued at SR53 million ($14 million), will cover the facility management, operations and maintenance services for the accommodation, offices and all supporting building amenities for the senior employees of Neom Industrial City Project, said Red Sea International in its filing to the Saudi Stock Exchange (Tadawul).

Under this three-year contract, the scope of work includes comprehensive facility management and camp operations services including catering, housekeeping, laundry maintenance, medical, security and recreational services.

Neom, a Public Investment Fund (PIF)-backed giga project will boast hyperconnected towns and cities, ports and enterprise zones, research