Close Menu
    Trending
    • Magnitude 5.4 quake hits Gilgit-Baltistan near Sost
    • South Korea car exports set July high at $6.24 billion
    • U.S. Polo Assn. Takes No. 1 Spot for All Sports Brands and Climbs to No. 22 Overall on License Global’s 2026 ‘Top Global Licensors’ Ranking
    • Total eclipse tracks across Russia, Iceland and Spain
    • Etihad adds nonstop Abu Dhabi Gothenburg winter flights
    • UN marks International Youth Day with youth investment call
    • Diesel prices climb amid tight US and European fuel supply
    • Japan launches Michibiki No. 7 satellite aboard H3 rocket
    • Home
    • Contact Us
    Africa News HoundAfrica News Hound
    Saturday, August 15
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Africa News HoundAfrica News Hound
    Home » Saudi gets world’s largest floating industrial complex
    Business

    Saudi gets world’s largest floating industrial complex

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

    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.

    Related Posts

    South Korea car exports set July high at $6.24 billion

    August 14, 2026

    Diesel prices climb amid tight US and European fuel supply

    August 12, 2026

    Extreme heat could cut EU economic growth in 2026

    August 11, 2026

    Denmark July CPI rises 1.3% as annual inflation slows

    August 11, 2026

    Gold extends three-day rally before US inflation reports

    August 11, 2026

    Record heat pushes up food prices across South Korea

    August 10, 2026
    Latest News

    Magnitude 5.4 quake hits Gilgit-Baltistan near Sost

    August 14, 2026

    GILGIT-BALTISTAN / RankWire.AI / – A magnitude 5.4 earthquake struck northeastern Pakistan early Thursday, sending strong tremors through parts of Gilgit-Baltistan. Pakistan’s official seismic record measured the earthquake at magnitude 5.3. The tremor occurred at…

    South Korea car exports set July high at $6.24 billion

    August 14, 2026

    SEOUL, SOUTH KOREA / RankWire.AI / – South Korea’s automobile exports climbed 7.0% from a year earlier to US$6.24 billion in July 2026. The figure set a record for the month of July and exceeded…

    Total eclipse tracks across Russia, Iceland and Spain

    August 13, 2026

    MOSCOW / RankWire.AI / – A total solar eclipse crossed the Russian Arctic on August 12, 2026, before moving toward Europe. The event began over remote northern areas of Russia at about 17:00 GMT. Roscosmos…

    Etihad adds nonstop Abu Dhabi Gothenburg winter flights

    August 13, 2026

    ABU DHABI / RankWire.AI / – Etihad Airways will open a seasonal nonstop route between Abu Dhabi and Gothenburg on December 17, 2026. The service will run four times each week until March 21, 2027.…

    © 2026 Africa News Hound | All Rights Reserved
    • Home
    • Contact Us

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