Saudi Crown Prince Mohammed bin Salman has announced a futuristic new industrial city in the sea called Oxagon.
The city is set to be the largest floating industrial complex in the world.
"Oxagon will be the catalyst for economic growth and diversity in Neom and the kingdom, further meeting our ambitions under Vision 2030," Prince Mohammed, who is also chairman of Neom, said in a statement.
"It will contribute to Saudi Arabia’s regional trade and commerce, and support creating a new focal point for global trade flows," he said. "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.
It will be built as an industrial city to showcase a radical new model for future manufacturing centres, one designed to help to protect the environment while creating jobs and growth for Neom.
Neom's Chief Executive Officer Nadhmi Al Nasr said through Oxagon, "there will be a fundamental shift in how the world views manufacturing centers. Oxagon will be a comprehensive cognitive city that provides exceptional livability for its residents".
The plan for Oxagon is to be a net zero city fully powered by clean energy.
Oxagon’s industrial development plan will focus on seven sectors – sustainable energy, autonomous mobility, water innovation, sustainable food production, health and well-being, modern methods of construction and technology and digital manufacturing, including telecoms, space technology and robotics.
________________________
15 mega-projects shaping the future of Saudi Arabia
-
Sharaan Nature Reserve near the town of AlUla in north-western Saudi Arabia. AFP -
King Abdullah instructed the Riyadh Metro be completed within four years. Photo: Zaha Hadid Architects -
A rendering of the Jeddah Tower. Photo: EC Harris / Mace -
King Salman Park. Photo: Omrania -
A traditional Saudi Al Ardah dance in front of Salwa Palace in At-Turaif in Ad Diriyah. Photo: Meshari Almuhanna / DGDA -
An illustration of the Amaala mega-project - one of a number of coastal and tourism schemes Saudi Arabia is developing under Vision 2030. Photo: Saudi Commission for Tourism and Natural Heritage -
Riyad Bank has been one of the early investors in the kingdom's FinTech sector, with a 100 million riyal fund announced. Reuters -
Site of the Red Sea project, where Saudi Arabia is planning a huge tourism venture encompassing 90 islands. Photo: Consulum -
The Qiddiya City 'giga project' is an entertainment site being developed in Riyadh. -
Saudi Real Estate Company for Infrastructure won the contract to develop infrastructure of Al Widyan mega-project. Waseem Obaidi for The National -
A low-carbon tram will connect visitors from AlUla International Airport across the five districts that make up The Journey Through Time. Photo: RCU
