SIBS has just signed a design-and-build contract.
It includes the design, production, logistics, assembly, and finalisation of 1,300 apartments spread across 22 buildings, totalling approximately 100 000 m2 of GFA.
The sale is attributed to SIBS business segment, industrial sales, and delivery is in the form of project sales, where it will deliver turn-key buildings from a finalised bottom slab upwards.
The entire project will be commissioned and delivered by Q4 2024.
The buildings consist of one- and two-bedroom high-standard apartments equipped with designed kitchens, exclusive bathrooms, and balconies in each apartment.
Solar panels on the roofs and low-energy building materials, together with its modular building system, which ensures 90% completion ahead of delivery to the construction site, make the buildings highly energy efficient.
The buildings are adapted in detail to comply with NEOM’s stringent regulations and are designed for future relocation if needed elsewhere as the development of NEOM progresses throughout other parts of the region.
“We are very proud to once again have been awarded a contract of this magnitude and to have received all orders of high-quality apartments of permanent standard that NEOM has awarded so far,” says SIBS chief executive officer Erik Thomaeus.
“We have already initiated the production of over 2,000 apartments in NEOM, and this new contract demonstrates our capacity to handle extensive and complex deliveries.
“It’s clear that our offering is appreciated in the market, and this is another confirmation that we possess the competence and delivery strengths that few others can match.
“We look forward to our continued delivery of high-quality houses to NEOM, a revolutionary urban development we truly believe in.”
In a groundbreaking development, SIBS has unveiled its state-of-the-art manufacturing hub, boasting a scalable production capacity of up to 6,000 apartments annually.
With a staggering modular production capacity of 12,000 units, the apartment buildings achieve an impressive 90% completion rate at the factory, ensuring full modular completion and unparalleled quality control.
Homeowners can now anticipate 30–50% energy savings, while traditional construction costs are slashed by 30%.
Furthermore, the introduction of cutting-edge machinery for shaft wall and roof production, coupled with enhancements to existing equipment, promises elevated performance and safety standards. SIBS is changing the construction game by changing its rules.
