Alfanar announced in a statement that the company will invests SAR 10 billion in NEOM’s residential communities built using sustainable modular construction methods.

As part of the project, Alfanar will develop, construct, and operate:

• 5 residential communities
• Communities will cover an area of 4 million m²
• They will accommodate 50,000+ residents

The communities will leverage advanced building and maintenance technologies to increase sustainability and livability, including computerized waste management facilities, wastewater reuse solutions, and captive solar power generation facilities.

We are incredibly proud to be an active contributor in realizing the NEOM dream – reinforcing our commitment to shaping the future of sustainable living, statement mentioned.