NEOM Kicks off Work on First Phase of Residential Complexes

Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, October 25. (Reuters)
Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, October 25. (Reuters)
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NEOM Kicks off Work on First Phase of Residential Complexes

Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, October 25. (Reuters)
Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, October 25. (Reuters)

The NEOM company on Tuesday started construction work on the first phase of residential complexes dedicated to project workers’ housing. The first phase will house 30,000 workers who will be moving to NEOM to develop different areas of the project.

Building work kicked off with the attendance of NEOM Chief Executive Nadhmi al-Nasr as well as heads of the two Saudi companies who won contracts for the construction of the complexes, Al-Tamimi Group and Saudi Arabian Trading & Construction Co. ( SATCO).

The contracts allow the companies to operate the housing for 10 years. This is considered the first investment opportunity listed by NEOM.

Nasr urged developers to focus on the local content and increase the quantity of manufactured products and inputs in Saudi Arabia in support of the local economy and in tandem with the Saudi approach to boost local content in giant projects.

This meets guidelines of NEOM board of directors, chaired by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense.

NEOM Chief Executive demanded firms to create job opportunities to residents of NEOM, pledging to back these firms in all means to achieve human development.

The residential region consists of several complexes in which Al-Tamimi Group has contracts to build two residential complexes with each fitting to 10,000 workers, while SATCO would construct a similar complex with the same capacity.

The project workers’ housing would provide a life-pattern that seeks to prepare an adequate business environment that goes in tandem with the goals of NEOM and the best world practices.

NEOM is located in an area of about 26.5 thousand square kilometers in the north-west of the kingdom. The project would be a pillar of economic transformation within Saudi Vision 2030 to provide various income sources through NEOM economic sectors and real estate investments.



Berlin Eyes Partnership with Riyadh in Expo 2030, Climate Cooperation, Hydrogen Initiatives

Saudi and German flags fluttering - File Photo/Asharq Al-Awsat
Saudi and German flags fluttering - File Photo/Asharq Al-Awsat
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Berlin Eyes Partnership with Riyadh in Expo 2030, Climate Cooperation, Hydrogen Initiatives

Saudi and German flags fluttering - File Photo/Asharq Al-Awsat
Saudi and German flags fluttering - File Photo/Asharq Al-Awsat

A senior German official affirmed his country’s commitment to strengthening cooperation with Saudi Arabia across various fields, noting that bilateral trade relations continue to grow steadily, with trade volume reaching around 7 billion Euros.

Speaking to Asharq Al-Awsat, German Ambassador to Saudi Arabia Michael Kindsgrab said: “The sectors driving this growth—chemicals, machinery, and transport—reflect the strong industrial connections we share. These are areas where German expertise is making a real difference in Saudi Arabia’s development.”

He added: “Looking ahead, there is much to be excited about. Expo 2030 is an incredible opportunity for us to further deepen our collaboration, showcase the best of what both Saudi Arabia and Germany have to offer, and inspire future generations to continue building on this remarkable partnership.”

German Ambassador to Saudi Arabia Michael Kindsgrab - Asharq Al-Awsat

Renewable Energy

On climate cooperation, the official said: “As for climate cooperation, we have just launched a relevant study on the Saudi labor market in the renewable energy sector, which was reviewed by the National Labor Observatory and discussed with experts of KAPSARC, KaCare and PSU. This is a great example of our close and meaningful partnership, tackling the challenges of today with an eye on the future.”

Blossoming Relations

Kindsgrab noted that Saudi-German relations are truly blossoming, saying: "I am proud to see our partnership becoming deeper and stronger across so many areas. From a personal perspective, it is inspiring to witness the growing bonds between our two countries. These ties span a wide range of sectors, including energy, transport, architecture, health, education and culture—creating a solid foundation for the future.”

“One of the most exciting aspects of our cooperation is in the area of energy transition. German innovation is at the heart of NEOM’s green hydrogen projects, with Thyssenkrupp Nucera playing a key technological role in making the vision of decarbonization of industry a reality,” he affirmed.

“Beyond energy, we’re also seeing significant progress in transport, where Siemens’ delivery of metro wagons helped to shape the modern infrastructure of Saudi cities. And let’s not forget the impact of German architecture in megaprojects such as King Salman Park or the design of Expo 2030, which I believe will be a landmark event for both our countries, ” added Kindsgrab.

“In the health sector, the collaboration with Charité in Berlin is another example of how our nations are working together to improve lives.”

Accelerated Cultural Cooperation

“And now, I am particularly excited to see the acceleration of cultural cooperation, such as the recently launched museum initiative between the Saudi Museums Commission and the Prussian Cultural Heritage Foundation of Germany,” the German ambassador stressed.

“This cooperation emerged as part of our shared efforts to strengthen people-to-people ties and will play an enriching role for the cultural relations, as it includes a loan program for artworks, joint curatorship and training programs to support talent development,” he concluded.