Red Sea International signs $7.8mn contract for NEOM project

The Red Sea International Company said it has signed a contract worth SR29.1 million ($7.76 million) with The Fundamental Installation for Electric Work Company (First Fix) to design, manufacture, supply and install prefabricated buildings for a residential project in Saudi futuristic city NEOM.

Elements of this work will involve the use of innovative 3D printing techniques, allowing more rapid on-site construction as well as considerably reducing overall time-frames and schedules. Hence, a relatively ambitious portfolio of project work is scheduled for inclusion in this new four-month contract.

The contract specifically involves work on a prestigious and extensive housing compound that will be executed in Sharma, NEOM, to support the new city’s developmental projects. This will comprise contemporary housing units aligning with a raft of regulatory standards, particularly in terms of sustainability and observance of zero carbon goals.

Read the full story at Construction Week Online and ME Construction News

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