{"id":92723,"date":"2024-12-22T00:00:00","date_gmt":"2024-12-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/22\/neom-samsung-jv-for-construction-robotics\/"},"modified":"2024-12-22T00:00:00","modified_gmt":"2024-12-22T00:00:00","slug":"neom-samsung-jv-for-construction-robotics","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/22\/neom-samsung-jv-for-construction-robotics\/","title":{"rendered":"Neom + Samsung JV for construction robotics"},"content":{"rendered":"

A construction robotics JV from Neom + Samsung is in the works: <\/strong>Neom\u2019s strategic investment arm Neom<\/a>Investment Fund<\/a> signed an agreement with Samsung C&T Corporation<\/a> to set up a construction robotics joint venture with an initial investment of more than SAR 1.3 bn, according to a statement<\/a>.<\/p>\n

The JV will work on automating rebar cage assembly of large, pre-manufactured <\/strong>reinforcement cages<\/strong>, in addition to establishing assembly plants in Neom, creating more than 2k jobs in the kingdom, Neom says. <\/p>\n

Why does it matter?<\/strong> Automating rebar cage assembly can cut costs by as much as 40% and slash manual workforce hours by up to 80%, according to the statement. The JV aims to ramp up rebar cage output amid rising demand for the construction of Neom\u2019s The Line, along with other projects in the region.<\/p>\n

What they said: \u201c<\/strong>Developing an advanced industrial manufacturing economy at Neom represents a key step in our efforts to accelerate modern methods of construction across our major projects,\u201d Bandar Ashour, Sector Head of Design & Construction at Neom said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Automating rebar cage assembly can cut costs by as much as 40%<\/p>\n","protected":false},"author":1,"featured_media":92724,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[10,3573,392,100,3572,964],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam-ksa","tag-jv","tag-manufacturing","tag-neom","tag-robotics","tag-samsung","wpautop","entry"],"acf":{"mongo_id":"585614ec-c3e5-4779-8979-2211e4150069","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1945.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Neom + Samsung to establish construction robotics JV with SAR 1.3 bn initial investment","related_issue":[92718],"teaser":"Automating rebar cage assembly can cut costs by as much as 40%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.d050615a-d5eb-4673-ac84-cc050afeb6c7.mp3"},"yoast_head":"\nNeom + Samsung JV for construction robotics - 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