Neom Residential Community 5 (NRC-5)

Neom Residential Community 5 (NRC-5)

About the Project

Laying the Foundations of NEOM’s Vision

NRC 5 is a large-scale residential community developed to support NEOM’s workforce by providing high-quality accommodation for up to 10,000 residents, including NEOM staff, contractors, and facility management personnel. 

Developed by Optimal Development Company - a joint venture between Tamasuk and Al Majal - the project is being delivered under a DBFOM (Design, Build, Finance, Operate, Maintain) contract. Strategically located near NEOM’s core development zones, NRC 5 is designed as a self-sustaining village with housing units, medical and recreational facilities, retail spaces, and essential services. The project reflects Tamasuk’s commitment to enabling giga-projects through high-impact social infrastructure, built to the highest standards of functionality, comfort, and sustainability.

Client
NEOM
Industry
Social Infrastructure
Location
Neom, Saudi Arabia
Role
Lead Developer, Investor and Facilities Management Operator
Status
In-Operation
Operation and Maintenance
OFCC (Joint venture of Tamasuk and Al Majal Al Arabi)

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Tamasuk’s Role


Strategic, risk-balanced financing secured locally to sustain delivery and manage project complexity.