NEOM Investment Fund ventures into automated robotic technology for its construction projects - صوت العرب

NEOM, the sustainable region taking shape in northwest Saudi Arabia, has signed a landmark investment agreement with GMT Robotics, one of Europe’s emerging innovators in advanced construction technology.

Led by NEOM’s strategic investment arm, NEOM Investment Fund (NIF), the investment will accelerate the delivery of the region’s expansive capital project program through construction robotics, while underpinning NEOM as an innovator in modern construction techniques, including automation.

Majid Mufti, CEO of NEOM Investment Fund, commented: “Our investment in GMT Robotics reflects NEOM’s commitment to driving transformative technologies that will unlock next-generation industries. By localizing this advanced technology, we are laying the groundwork for sustainable development, high-skilled jobs and the growth of commercially viable sectors. It is through partnerships like these that NIF will turn visionary goals into reality and establish NEOM as a global hub for innovation.”

NEOM’s Design and Construction Sector, tasked with incorporating the latest developments in Construction4.0 across NEOM, has been leading the partnership and the implementation of the technology across key projects.

Bandar Ashrour, Sector Head, Design &Construction at NEOM, said: “Enabling construction technology start-ups to align with NEOM’s ambitions is fundamental to what we do. GMT’s agility and expertise in harnessing robotics for construction bring unparalleled efficiency, consistency and sustainability. We look forward to a dynamic collaboration that paves the way for a safer and more sustainable next generation of NEOM-built assets.”

Based in Copenhagen, GMT Robotics offers robotic technology tailored specifically to the rebar market. The company’s innovative robotic rebar cage assembly and handling systems deliver significant advancements in efficiency and workplace safety for the construction industry. In addition to enhancing safety, GMT Robotics’ systems reduce onsite workforce requirements by an average of 90% through offsite prefabrication, significantly boosting productivity.

GMT Robotics will play an instrumental role in localizing the technology, with rebar cages produced in NEOM-based factories. The collaboration will also open a new frontier for Saudi engineers to further leverage robotics in other construction applications.

Ulrich Deichmann, CEO of GMT: “Having worked in the rebar industry in various forms for the past 30 years, it is very exciting to reach a point where the large-scale adoption of robotics and automation to improve the rebar process is happening. We share in NEOM’s ambition to rethink how construction is delivered and look forward to a highly successful partnership that will help revolutionize the construction industry.”

With the global construction robotics market valued at USD 168.2 million in 2022 and expected to reach USD 774.6 million by 2032, representing market growth of more than 360% in 10 years*, the benefits of robotics application within the construction sector are numerous. They include boosting task efficiency, reducing operating costs, improving health and safety, and optimizing design flexibility.

The partnership joins a series of investments by NIF and embodies the Fund’s role in supporting NEOM’s sectorstrategy by enabling new technologies, establishing new businesses and creating more job opportunities to serve NEOM’s growing economy.