NEOM to See World’s Largest Floating Industrial Complex OXAGON
- OXAGON- largest floating industrial complex in the world to be set up at NEOM.
- Located in the RED SEA, the most busiest port.
- Crown Prince Salman made an official announcement on Tuesday at the official Twitter handle NEOM.
Riyadh: The world is all set to experience a next level infrastructure after Saudi Arabian Crown Prince Mohammed bin Salman on Tuesday announced the launch of NEOM’s industrial city, known as OXAGON, an unparalleled largest floating industrial complex in the world.
OXAGON set on the principles of THE LINE, will offer exceptional livability in harmony with nature, according to a statement by close sources. Situated in the Red Sea close to the Suez Canal, and south to THE LINE, the floating industrial city would include the current port of Duba. OXAGON is proposed to be located in one of the most technologically advanced logistics hubs with state-of-the-art integrated port and airport connectivity.
OXAGON will be the world’s first fully integrated port and supply chain ecosystem for NEOM. The port, logistics and railways will be unified, providing world-class productivity levels with net-zero carbon emissions, setting global benchmarks in the adoption of technology and environmental sustainability.
His royal highness, Crown Prince Salman took to the microblogging handle of NEOM, introducing the world to OXAGON. The statement read- “OXAGON will be the catalyst for economic growth and diversity in NEOM and the Kingdom, further meeting our ambitions under Vision 2030. OXAGON will contribute to redefining the world’s approach to industrial development in the future, protecting the environment while creating jobs and growth for NEOM. It will contribute to Saudi Arabia’s regional trade and commerce, and support creating a new focal point for global trade flows. I am pleased to see that”.”Seven sectors form the nucleus of OXAGON’s industrial development, with innovation and new technology creating a vital base for these industries.These industries are sustainable energy; autonomous mobility; water innovation; sustainable food production; health and well-being; technology and digital manufacturing (including telecommunications, space technology and robotics); and modern methods of construction; all powered by 100% renewable energy, the statement added.”