NEOM’s Construction Workforce Set to Exceed 200,000 Amidst Major Project Developments
The construction workforce in NEOM is expected to reach over 200,000 by next year as it prepares to introduce 60,000 new jobs due to ongoing major projects.
2 min
At a two-day industry forum, NEOM highlighted these developments, involving over 100 leading global construction firms. This event showcased tangible progress in construction and ushered in the next phase of a broad range of projects.
As the projects advance into a new execution phase, there is a critical demand for high-caliber construction expertise to execute some of the most audacious development initiatives the world has seen.
This includes projects like THE LINE, which is being constructed in stages, with the first phase set to open its doors to residents in 2030.
Key Developments and Future Plans
Significant progress was displayed at several key sites, including THE LINE, The Spine, Oxagon, Trojena, and the International Airport.
The forum opened with remarks from Nadhmi Al-Nasr, CEO of NEOM, who highlighted the vast opportunities available as the project enters its most active phase and stressed the commitment to work with world-renowned contractors to fulfill NEOM’s vision.
Attendees also visited construction sites to observe the extensive work already underway, rarely seen on such a scale elsewhere in the world. The forum facilitated discussions on specific business opportunities, with contractors presenting their services and capabilities.
It featured a diverse group of firms from Saudi Arabia, alongside international firms from Asia, Europe, North America, and North Africa. Currently, NEOM employs a construction workforce exceeding 140,000, set to increase significantly with the forum’s collaborative efforts.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
55-storey residential tower in Downtown Dubai
2 min
Fairmont Hotels & Resorts, a world-renowned luxury hotel brand within the Accor group, has partnered with UAE-based developer Sol Properties to unveil a prestigious residential development in Downtown Dubai, setting new standards in luxury real estate.
The 55-storey Fairmont Residences Solara Tower, the latest addition to Downtown Dubai’s skyline, offers breathtaking views of both the Burj Khalifa and the Dubai Fountain. Construction is currently in progress, with the project slated for completion by the third quarter of 2027.
This development seamlessly integrates Fairmont’s esteemed brand standards in luxury hospitality with Sol Properties‘ extensive expertise in high-end real estate, establishing new benchmarks in urban living. The residences feature meticulously designed spaces, blending elegance with timeless opulence.
Offering a range of spacious layouts and state-of-the-art amenities, these residences epitomize modern luxury living. Expansive terraces provide residents with stunning views of the Burj Khalifa and the iconic Dubai Fountain.
“We at Sol Properties and Fairmont Hotels & Resorts are elated to provide a completely new standard of luxury living in Downtown Dubai,” said its Founder and CEO Ajay Bhatia.
“Our goal is to provide residents with exclusive amenities and personalized services, thereby setting a new precedent for comfort and convenience for end users,” he stated.
“By combining Fairmont’s exceptional hospitality services with our integrated residential environment and attention to quality, this project is certain to offer residents unmatched lifestyle experiences,” he added.
Combining Fairmont’s exceptional hospitality services with Sol Properties’ commitment to quality, this project promises unparalleled lifestyle experiences. The residential development caters to the evolving needs of urban homeowners with a suite of premium amenities and services. Fairmont Solara Tower uniquely stands out by offering private swimming pools in selected apartments.
Residents will have exclusive access to a range of integrated amenities, including gourmet restaurants, fitness centers, and wellness facilities, providing a resort-like experience within their own homes.
Fairmont’s Global Chief Operating Officer Sami Nasser expressed excitement about adding this new branded residence to the Fairmont portfolio. “We are confident that our expertise in the field of luxury hospitality combined with our pioneer approach to residential projects will allow us to redefine the landscape of luxury residences in Dubai and the broader region,” he noted.
The project exemplifies the ongoing expansion and appeal of luxury living in Dubai, especially with the luxury residential real estate market projected to grow by more than 8% by 2029.
“Additonally, the project will redefine the concept of luxury residences with Dubai’s strategic location and investor-friendly regulations, which attract high-net-worth individuals and investors seeking to diversify their portfolios,” said Nasser.
Fairmont Residences Solara Tower Dubai joins a prestigious portfolio of 16 Fairmont-branded residences, with 22 more projects in the pipeline.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
