NEOM to acquire a stake in GMT Robotics.

NEOM, the strategic investment arm of NEOM, agreed to acquire a stake in GMT Robotics, an emerging innovator in advanced construction technology. Financial terms were not disclosed. “Our investment in GMT Robotics reflects NEOM’s commitment to driving transformative technologies that will unlock next-generation industries. By localizing this advanced technology, we are laying the groundwork for sustainable development, high-skilled jobs and the growth of commercially viable sectors. It is through partnerships like these that NIF will turn visionary goals into reality and establish NEOM as a global hub for innovation,” Majid Mufti, NEOM Investment Fund CEO.