• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
NEOM Forms Joint Venture with Samsung C&T to Drive Construction Automation

NEOM Forms Joint Venture with Samsung C&T to Drive Construction Automation

12/20/2024
Vietnam’s Garment and Textile Sector Strengthens Footprint in Canadian Market

Vietnam’s Garment and Textile Sector Strengthens Footprint in Canadian Market

01/06/2026
U.S. Delays Tariff Hikes on Imported Furniture and Cabinets Amid Trade Talks

U.S. Delays Tariff Hikes on Imported Furniture and Cabinets Amid Trade Talks

01/05/2026
2025 Peak Retail Season Delivers One of the Strongest Markets for Trucking in Year

2025 Peak Retail Season Delivers One of the Strongest Markets for Trucking in Year

01/03/2026
Saudi Arabia’s New Data Hub Project Could Transform Digital Logistics Infrastructure

Saudi Arabia’s New Data Hub Project Could Transform Digital Logistics Infrastructure

01/02/2026
U.S. Postpones Tariff Hikes on Imported Wood Products, Easing Immediate Supply Chain Pressure

U.S. Postpones Tariff Hikes on Imported Wood Products, Easing Immediate Supply Chain Pressure

01/02/2026
White House Pushes Back Tariff Increases on Furniture and Wood Products

White House Pushes Back Tariff Increases on Furniture and Wood Products

01/05/2026
Caribbean Offshore Growth Spurs Push for New Logistics Hub Development

Caribbean Offshore Growth Spurs Push for New Logistics Hub Development

12/31/2025
U.S. Pressure on Venezuela Disrupts Regional Logistics and Trade Flows

U.S. Pressure on Venezuela Disrupts Regional Logistics and Trade Flows

12/30/2025
Warehousing Sector Calls for Fresh Economic Strategy to Match Supply Chain Realities

Warehousing Sector Calls for Fresh Economic Strategy to Match Supply Chain Realities

12/30/2025
India’s GST 2.0 Reform Set to Drive Faster, Cheaper and More Reliable Logistics

India’s GST 2.0 Reform Set to Drive Faster, Cheaper and More Reliable Logistics

12/29/2025
LTL Freight Set for Potential Rebound in 2026, but Uncertainty Looms

LTL Freight Set for Potential Rebound in 2026, but Uncertainty Looms

12/29/2025
Vietnam Urged to Clear Logistics Bottlenecks to Strengthen Supply Chain Competitiveness

Vietnam Urged to Clear Logistics Bottlenecks to Strengthen Supply Chain Competitiveness

12/29/2025
supplychainreport
Tuesday, January 6, 2026
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

NEOM Forms Joint Venture with Samsung C&T to Drive Construction Automation

by Geraldine S.
12/20/2024
in Automation & Robotics

NEOM has announced a joint venture with Samsung C&T Corp. to advance construction automation technology in Saudi Arabia, with an initial investment of over SR1.3 billion ($350 million). The partnership aims to streamline construction processes through robotics and automation, focusing on efficiency, sustainability, and innovation.

The collaboration will prioritize automating the assembly of rebar cages using advanced robotic welding and tying techniques. These cages are essential in reinforced concrete structures, ensuring infrastructure durability. The new technology is expected to reduce manual labor by up to 80%, cut assembly costs by up to 40%, minimize material waste, and enhance safety and quality standards.

YOU MAY ALSO LIKE

Mobility Aftermarket Private Limited Named Finalist in the Go Global Awards for Mobility Ecosystem Development Leader

Amazon Explores Expanded Use of Robotics in U.S. Operations

“This initiative aligns with NEOM’s sustainability principles, driving innovation not only in what we build but in how we build it,” said Majid Mufti, CEO of the NEOM Investment Fund.

The agreement also includes plans to establish regional factories for rebar cage assembly, which will generate over 2,000 skilled local jobs. This aligns with Saudi Arabia’s vision to foster advanced industries and build a resilient, globally competitive economy.

Bandar Ashrour, NEOM’s sector head of design and construction, noted, “This collaboration accelerates modern construction methods and bolsters local talent development, further positioning NEOM as a leader in advanced manufacturing and construction.”

The joint venture with Samsung C&T is part of NEOM’s broader strategy to integrate emerging technologies into its infrastructure projects, including THE LINE and other key developments. Hojin Jung, president of Samsung C&T’s new business division, remarked, “Together, we aim to redefine construction practices with cutting-edge robotics and automation solutions.”

This partnership cements NEOM’s commitment to revolutionizing construction and highlights its leadership in integrating innovative technologies into large-scale infrastructure projects.

Stay informed on supply chain report news insights at The Supply Chain Report. For more on international trade, see ADAMftd.com for free tools.

#ConstructionInnovation #NEOMUpdates #SaudiVision2030 #AdvancedManufacturing #RoboticsInConstruction

ShareTweet

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.