The Saudi government is currently working on accelerating the pace of work in the implementation of projects in the city of NEOM, which cost about $500 billion, with the recovery of oil prices and an improvement in financial indicators in the largest economy in the area.
Sources added to CNBC Arabia, that Saudi Arabia is currently working on tenders to build labor cities with a density of up to 100,000 workers, in what appeared to be a mobilization of the workforce. Necessary to build the project that Saudi Arabia is relying on strongly to support its economy and diversify away from oil and gas.
The drop in oil prices at the time of the pandemic has slowed the pace of infrastructure projects and austerity measures taken by Riyadh to control its public finances.
The sources added that Saudi Arabia is about to issue 5 to 10 tenders during the next six months to build labor cities needed to support workers, each of which has a capacity of about 10,000 workers. .
Deloitte & Touch is advising the Saudi government on labor city projects.
