South Korea’s HanmiGlobal, a construction project management (PM) company, announced in a statement that it has won a PM contract for the NEOM Smart City project, NEOM The Line in Saudi Arabia.
The value of the PMO contract is about 2.6 billion won (USD 2.3 million).
HanmiGlobal will offer a specialized project management office (PMO) service for the “NEOM The Line” project, which is part of NEOM City.
NEOM The Line is a hub of Neom City. The project involves creating a new town with a population of one million in a 170-kilometer belt area.
It is an eco-city with zero-carbon emissions without cars in the ground area. Transportation means and various infrastructure facilities will be built underground.
To be built in northwestern Saudi Arabia, Neom City is a high-tech new city, is a mega-sized project on which Saudi Arabia will spend more than $5 billion to rev up the Saudi Arabian economy.
HanmiGlobal will create a project management and operation structure, manage project resources, supervise timely implementation of the client’s instructions, formulate project data storage and management plans for two years until May 2023.
HanmiGlobal said the service it will provide under the latest contract is preliminary in nature and the full-scale service for the project will be worth hundreds of million USD.
