Informed press sources revealed that preparations and plans have begun to build the new city of Neom, where it revealed that contracts have been awarded to build 5 palaces and some other infrastructure worth up to 15 billion riyals.

According to sources, the news revealed that the local company “Seef Engineering and Construction” will build four of the five palaces, while a contractor named “MAC” was awarded the contract for the fifth palace, while “Nesma” was awarded contracts to develop infrastructure and facilities for the sites, and “Al-Bawani” was awarded a contract to build a meeting hall, golf course and other afforestation works.