Samsung C&T has been awarded the main contract in this project.
Saudi Arabia's sovereign wealth fund PIF (Public Investment Fund) has signed a joint collaboration agreement with a key unit of Korean construction and engineering company Samsung C&T Corporation - Engineering & Construction Group. The move is likely to help Samsung win more large deals in Saudi Arabia, which is working on the Neom project to build a new cross-border city extending from the northwestern part of the oil-rich country to cover 26,500 square kilometers (10,200 square miles), and spanning 170 kilometers along the Red Sea coast.
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