Riyadh - Sharikat Mubasher: NEOM Investment Fund (NIF), the strategic investment arm of Saudi Arabia’s sustainable region NEOM, signed a landmark investment agreement with GMT Robotics, one of Europe’s emerging innovators in advanced construction technology.

A recent statement by NEOM revealed that the investment will accelerate the delivery of the region’s expansive capital project program through construction robotics, ultimately underpinning NEOM as an innovator in modern construction techniques.

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

Bandar Ashrour, Sector Head for Design and Construction at NEOM, stated that the collaboration with GMT Robotics paves the way for a safer and more sustainable next generation of NEOM-built assets.

“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,” Ashrour said.

GMT Robotics will play a pivotal role in localizing the robotic technology, with rebar cages produced in NEOM-based factories.

Ulrich Deichmann, CEO of GMT Robotics, commented: “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.”

Based in Copenhagen, GMT Robotics offers robotic technology tailored specifically to the rebar market. Its innovative robotic rebar cage assembly and handling systems deliver significant advancements in efficiency and workplace safety for the construction industry.