Construction

SIBS wins second contract for delivery of 1,300 apartments in Neom

The modular construction specialist says it will deliver turn-key buildings from a finalised bottom slab upwards

Modular construction specialist, SIBS, has won a new contract to deliver an additional 1,300 apartments to a large-scale residential project in Neom. SIBS says it is the sole supplier for this project and notes that this is the second order from Neom in less than four months.

The latest contract, a design and build one, includes the design, production, logistics, assembly, and finalisation of 1,300 apartments spread across 22 buildings, totalling approximately 100,000sqm GFA. SIBS said it will deliver turn-key buildings from a finalised bottom slab upwards. The entire project will be commissioned and delivered by Q4 2024.

The order solidifies SIBS position in Saudi Arabia specifically but also globally as one of the world’s leading industrial producers of apartment buildings, it said. The first order of 2,174 apartments is already in production, the company stated.

“We are very proud to once again have been awarded a contract of this magnitude and to have received all orders of high-quality apartments of permanent standard that Neom has awarded so far. We have already initiated the production of over 2,000 apartments in Neom, and this new contract demonstrates our capacity to handle extensive and complex deliveries. It’s clear that our offering is appreciated in the market, and this is another confirmation that we possess the competence and delivery strengths that few others can match. We look forward to our continued delivery of high-quality houses to Neom, a revolutionary urban development we truly believe in,” says Erik Thomaeus, CEO of SIBS.

According to SIBS, the buildings comprise one- and two-bedroom high-standard apartments equipped with designed kitchens, exclusive bathrooms, and balconies. Solar panels will be built on the roofs, and the firm says that low-energy building materials, together with its modular building system which ensure 90% completion ahead of delivery to the construction site, make the buildings highly energy efficient.

The buildings are adapted in detail to comply with Neom’s stringent regulations and are designed for future relocation if needed elsewhere as the development of Neom progresses throughout other parts of the region, the statement concluded.

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