SIBS has just signed a design-and-build contract.  It includes the design, production, logistics, assembly, and finalisation of 1,300 apartments spread across 22 buildings, totalling approximately 100 000 m2 of GFA.  The sale is attributed to SIBS business segment, industrial sales, and delivery is in the form of project sales, where it will deliver turn-key buildings from a finalised bottom slab upwards. The entire project will be commissioned and delivered by Q4 2024.

The buildings consist of one- and two-bedroom high-standard apartments equipped with designed kitchens, exclusive bathrooms, and balconies in each apartment.  Solar panels on the roofs and low-energy building materials, together with its modular building system, which ensures 90% completion ahead of delivery to the construction site, make the buildings highly energy efficient. 

The buildings are adapted in detail to comply with NEOM’s stringent regulations and are designed for future relocation if needed elsewhere as the development of NEOM progresses throughout other parts of the region.

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