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NEOM, the futuristic sustainable region being built in northwest Saudi Arabia, has made a significant investment in GMT Robotics, a leading European innovator in construction technology. The investment, facilitated by NEOM’s strategic investment arm, the NEOM Investment Fund (NIF), aims to accelerate the region’s capital projects through the use of construction robotics, positioning NEOM as a pioneer in modern construction techniques such as automation.
Majid Mufti, CEO of NEOM Investment Fund, highlighted the commitment to driving transformative technologies that will create high-skilled jobs and foster sustainable development. The partnership with GMT Robotics will bring advanced robotic technology tailored for the construction industry to NEOM, improving efficiency, consistency, and workplace safety.
GMT Robotics, based in Copenhagen, specializes in robotic rebar assembly and handling systems, offering significant advancements in productivity and safety. The collaboration will see the localization of this technology in NEOM-based factories, contributing to the growth of the construction industry and providing opportunities for Saudi engineers to harness robotics in various applications.
The global construction robotics market is expected to see substantial growth in the coming years, presenting numerous benefits such as increased efficiency, reduced costs, improved safety, and enhanced design flexibility. The partnership with GMT Robotics is part of NEOM Investment Fund’s strategy to support NEOM’s sector development by introducing cutting-edge technologies and creating job opportunities.
The collaboration between NEOM and GMT Robotics signifies a forward-thinking approach to construction technology, with the potential to revolutionize the industry and establish NEOM as a global innovation hub. The investment reaffirms NEOM’s commitment to sustainable development and economic growth, setting a new standard for construction practices in the region.
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Photo credit www.neom.com