NEOM establishes OXAGON as a “catalyst for economic growth and diversity”.

HH Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors, announced the establishment of OXAGON, the largest floating industrial complex in the world.

This establishment will form the next phase of NEOM’s master plan and represent a radical new model for future manufacturing centers, based on NEOM’s strategies of redefining the way humanity lives and works in the future.

On the occasion of the announcement on the establishment of the city, His Royal Highness said: “OXAGON will be the catalyst for economic growth and diversity in NEOM and the Kingdom, further meeting our ambitions under Vision 2030.

“I am pleased to see that business and development have started on the ground and we look forward to the city’s rapid expansion.”

Nadhmi Al-Nasr, CEO of NEOM, also commented: “Through OXAGON, there will be a fundamental shift in how the world views manufacturing centers. As with THE LINE, OXAGON will be a comprehensive cognitive city that provides exceptional livability for its residents.”

Comprising a large area in the southwest corner of NEOM, the core urban environment is centered around the integrated port and logistics hub, that will house the majority of the city’s anticipated residents

Located on the Red Sea close to the Suez Canal, through which approximately 13% of the globe’s trade passes, OXAGON will be one of the world’s most technologically advanced logistics hubs with state-of-the-art integrated port and airport connectivity.

Source: Construction Week Online

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