HanmiGlobal Secures Additional Contract for 10,000 Worker Accommodation Units in NEOM City Construction

HanmiGlobal announced on the 30th that it has signed a monitoring service contract for the construction of 10,000 housing units for construction workers in the Neom City project in Saudi Arabia. The project period is until May next year.

HanmiGlobal began with a contract for 50,000 housing units in the residential complex last November, followed by an additional 20,000 units in March this year, and now 10,000 more units, managing a total of 80,000 housing units in the construction project.

The Neom City project is a development project with a budget of 660 trillion KRW, aiming to build a mega futuristic city near the Red Sea in northwestern Saudi Arabia by 2030. The construction workers' housing complex, which requires large-scale workforce operation, will be built on a total site area of 26.4㎢ in the Tabuk region in the northwest, consisting of 489,500 housing units. HanmiGlobal stated that since only some quantities have been ordered so far, they expect continuous additional contract announcements.

So far, HanmiGlobal has secured a total of eight projects related to Neom City, including the 'Neom The Line' special overall program management (e-PMO), document management system development, and general project management. The company entered Saudi Arabia in 2008 and has carried out over 30 projects, including the development of the Wadiyan new town.

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