SIBS secures multi-billion ringgit project

An artist’s impression of the Neom project comprising 2,174 apartment units across 35 buildings.

KUALA LUMPUR: SIBS, one of the world’s leaders in modular construction technology, has secured a multi-billion ringgit contract to deliver 2,174 apartments to Neom – one of the largest urbanisation projects in north-west Saudi Arabia.

The project in the form of turn-key buildings from a finalised bottom slab upwards will be delivered and commissioned by 3Q24.