Oxagon
أوكساجون (Arabic)
City
Oxagon is located in Saudi Arabia
Oxagon
Oxagon
Coordinates: 27°33′37.1196″N 35°31′45.426″E / 27.560311000°N 35.52928500°E / 27.560311000; 35.52928500
CountrySaudi Arabia
ProvinceTabuk
CityNeom
Announced16 November 2021 (2021-11-16)
Founded byMohammed bin Salman[1]
Government
 • CEOVishal Wanchoo
 • Executive DirectorJoushua Steiner
Elevation
0 m (0 ft)
Time zoneUTC+03:00 (Arabian Standard Time)
Websitehttps://www.neom.com/en-us/regions/oxagon

Oxagon (styled OXAGON; Arabic: أوكساجون) is a floating industrial complex under construction in Saudi Arabia in NEOM, Tabuk Province, which is designed in the shape of an octagon and is a 100 per cent powered by clean energy.[2] The city is one of the nine announced regions of NEOM and will be located on the Red Sea close to the Suez Canal, and south to The Line, and it will include the current port of Duba, which is now part of OXAGON.[3] The project will focus on modern manufacturing, industrial research, sustainability, and development.

The industrial city is part of Saudi Vision 2030 project, which Saudi Arabia claims will create around 460,000 jobs and add an estimated $48 billion to the country's GDP. Mohammed bin Salman expects Oxagon to become "a new focal point for global trade flows" and service shipping routes through the Red Sea. The plans for the complex include a desalination plant, a hydrogen plant and an oceanographic research centre. It will also be home to the cognitive multinational company Tonomus (originally NEOM Tech & Digital Company), which is the first subsidiary company to evolve from NEOM.[4]

On 16 December 2022, Saudi Arabia's Ministry of Industry and Mineral Resources, the Saudi Authority for Industrial Cities and Technology Zones and Neom signed a memorandum of understanding to facilitate collaboration and legislation in support of Neom's Future Factories Program.[5] As of January 2023, Neom has not provided any information regarding how the complex will remain afloat.

See also

References

  1. ↑ "HRH Crown Prince Announces Establishment of OXAGON, Largest Floating Industrial Complex in the World". Saudi Press Agency. 16 November 2021. Retrieved 21 December 2023.
  2. ↑ "Discover Oxagon; The Gateway To a Brighter Future". NEOM. 16 November 2021. Retrieved 20 December 2023.
  3. ↑ "NEOM to see world's largest floating industrial complex OXAGON". Arab News. 17 November 2021. Retrieved 21 December 2023.
  4. ↑ "NEOM rebrands tech company as 'Tonomus', invests $1 billion in 2022". Saudi Gazette. 27 September 2022. Retrieved 21 December 2023.
  5. ↑ Annie Joseph, Shipla (17 December 2022). "OXAGON inks MoU with Saudi Ministry & MODON to support manufacturing sector". GCC Business News. Retrieved 21 December 2023.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.