Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Miami International Holdings Reports Second Quarter 2026 Results

    August 5, 2026

    Miami International Holdings Reports July 2026 Trading Results

    August 5, 2026

    Diego Mesa Puyo selected as next GEF CEO and Chairperson

    August 5, 2026
    Facebook X (Twitter) Instagram
    Khaleej Beacon: A clearer signal across the Gulf.Khaleej Beacon: A clearer signal across the Gulf.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Khaleej Beacon: A clearer signal across the Gulf.Khaleej Beacon: A clearer signal across the Gulf.
    Home » Saudi gets world’s largest floating industrial complex
    Business

    Saudi gets world’s largest floating industrial complex

    November 17, 2021
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email

    His Royal Highness Mohammed bin Salman bin Abdulaziz, Crown Prince and Chairman of the NEOM Company Board of Directors, today announced the establishment of OXAGON, forming the next phase of NEOM’s master plan and representing a radical new model for future manufacturing centers, based on NEOM’s strategies of redefining the way humanity lives and works in the future.

    Saudi gets world's largest floating industrial complex

    On the occasion of the announcement on the establishment of the city, Saudi Press Agency quoted His Royal Highness as saying: “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 business and development have started on the ground and we look forward to the city’s rapid expansion.”

    OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM. The port, logistics and rail delivery facility will be unified, providing world-class productivity levels with net-zero carbon emissions, setting global benchmarks in the adoption of technology and environmental sustainability.

    The agile and integrated physical and digital supply chain and logistics system will allow for real-time planning, resulting in secure on-time delivery, efficiency and cost-effectiveness for industry partners. At OXAGON’s core will be the adoption of the most advanced technologies such as the Internet of Things (IoT), human-machine fusion, artificial and predictive intelligence, and robotics, all of which are coupled to a network of fully automated distribution centers and autonomous last-mile delivery assets to drive NEOM’s ambitions of creating a seamless integrated, intelligent and efficient supply chain.

    The net-zero city will be powered by 100% clean energy and will become a focal point for industry leaders who want to pioneer change to create the advanced and clean factories of the future. 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.

    Development of OXAGON is well underway and designs are in progress for the large manufacturing facilities. These facilities include the world’s largest green hydrogen project involving Air Products, ACWA Power and NEOM in a tri-partite venture; the world’s largest and most advanced modular building construction factory with Gulf Modular International; and the largest hyperscale data center in the region, a joint venture between FAS Energy and NEOM.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Eurozone Manufacturing Gains Momentum Despite Weakening Export Orders

    August 5, 2026

    European Union Launches Scaleup Europe Fund Aiming to Raise €5 Billion

    August 5, 2026

    OECD Reports Drop in Inflation to 4.2%, Energy Price Gains Slowdown

    August 5, 2026

    UK Economic Growth Continues Despite Slower Investment and Employment Gains

    August 4, 2026

    Record High for Dow as Tech Stocks Surge and Oil Prices Drop Significantly

    August 4, 2026

    UK Announces 22.8 GW of Solar Capacity Before Launch of Plug-in Solar Devices

    August 3, 2026
    Editors Picks

    Eurozone Manufacturing Gains Momentum Despite Weakening Export Orders

    August 5, 2026

    European Union Launches Scaleup Europe Fund Aiming to Raise €5 Billion

    August 5, 2026

    WTO Announces Inaugural World Trade and Tech Day Focused on AI and Inclusive Trade Policies

    August 5, 2026

    OECD Reports Drop in Inflation to 4.2%, Energy Price Gains Slowdown

    August 5, 2026

    Congo Outbreak Spurs First Human Trials for New Ebola Vaccine from Moderna

    August 5, 2026

    Guatemala Issues Red Alert as Fuego Volcano Erupts with Intensity

    August 5, 2026

    European Union Enforces New Labels for Content Created by Artificial Intelligence

    August 4, 2026

    UK Economic Growth Continues Despite Slower Investment and Employment Gains

    August 4, 2026
    © 2026 Khaleej Beacon | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.