Phase 1 of the project entails the construction, finance and operation of 15 housing clusters.  The first phase has been designed with a capacity to house 30,000 workers who will be moving to NEOM in the next period to develop different areas of the project.

The contracts awarded on Sept.8th 2019 allow the companies to operate the housing for 10 years.This is considered the first investment opportunity listed by NEOM.

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