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Saudi Arabia is working to accelerate the construction of projects in NEOM megaproject, CNBC Arabia reported, citing sources.

 

The Kingdom also plans to offer tenders for building labor cities accommodating up to 100,000 workers, the sources added.

 

The competent authorities are close to offering 5 to 10 tenders over the next six months to build such cities, with each city planned to accommodate nearly 10,000 workers.

 

Deloitte is advising the Saudi government on the project of establishing labor cities.

 

In October 2017, Crown Prince Mohammed bin Salman announced the launch of a new investment city, NEOM, in northwest Saudi Arabia, at a total investment of $500 billion, financed by the Saudi government, Public Investment Fund (PIF), as well as local and global investors, Argaam reported.

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