Neom Investment Fund (NIF), Neom’s strategic investment arm, has signed an investment agreement with GMT Robotics, one of Europe’s emerging innovators in advanced construction technology.
Based in Copenhagen, GMT Robotics offers robotic technology tailored specifically to the rebar market. The company’s innovative robotic rebar cage assembly and handling systems deliver significant advancements in efficiency and workplace safety for the construction industry. In addition to enhancing safety, GMT Robotics’ systems reduce onsite workforce requirements by an average of 90% through offsite prefabrication, significantly boosting productivity.
GMT Robotics will play an instrumental role in localizing the technology, with rebar cages produced in NEOM-based factories. The collaboration will also open a new frontier for Saudi engineers to further leverage robotics in other construction applications.
Bandar Ashrour, Sector Head, Design & Construction at Neom, said: “Enabling construction technology start-ups to align with Neom’s ambitions is fundamental to what we do. GMT’s agility and expertise in harnessing robotics for construction bring unparalleled efficiency, consistency and sustainability. We look forward to a dynamic collaboration that paves the way for a safer and more sustainable next generation of Neom-built assets.”
Ulrich Deichmann, CEO of GMT, said: “Having worked in the rebar industry in various forms for the past 30 years, it is very exciting to reach a point where the large-scale adoption of robotics and automation to improve the rebar process is happening. We share in NEOM’s ambition to rethink how construction is delivered and look forward to a highly successful partnership that will help revolutionize the construction industry.”