NEOM is investing in the robot construction market to modernise the building process in Saudi Arabia. The region has signed an investment agreement with GMT Robotics, a leading European innovator in advanced construction technology.
This investment, led by NEOM’s strategic investment arm, NEOM Investment Fund (NIF), will fast-track regional capital projects through construction robotics while establishing NEOM as a leader in automation and modern building techniques. Majid Mufti, CEO of NIF, highlighted the importance of localising this technology to support sustainable development, create skilled jobs, and grow new sectors.
NEOM’s design and construction sector is overseeing the integration of these technologies. Bandar Ashrour, Sector Head at NEOM, emphasised the role of such partnerships in enhancing efficiency, consistency, and sustainability in construction. GMT Robotics, based in Copenhagen, provides robotic solutions for the rebar market, improving efficiency and workplace safety while reducing onsite workforce needs by 90% through prefabrication.
The collaboration will also help localise production, with rebar cages made in NEOM-based factories, opening up new opportunities for Saudi engineers. GMT CEO Ulrich Deichmann expressed excitement over the large-scale adoption of robotics in the rebar industry.
The global construction robotics market is expected to grow from $168.2 million in 2022 to $774.6 million by 2032, robotics in construction offers benefits such as increased efficiency, reduced costs, and improved safety. This partnership forms part of NIF’s broader strategy to support NEOM’s growth through new technologies and job creation.
