Saudi Arabia launches OXAGON, largest floating industrial complex in the world
The Kingdom of Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday announced the launch of NEOM’s industrial city, known as OXAGON, which is set to be the largest floating industrial complex in the world, the Saudi Press Agency (SPA) reported.
It is located on the Red Sea near the Suez Canal, and south on the line, it will include the present-day port of Duba, which is now part of OXAGON.
Approximately 13 percent of global trade passes through the Red Sea, and OXAGON is positioned to be one of the world’s most technologically advanced logistics hubs with state-of-the-art integrated port and airport connectivity.
OXAGON complements the same philosophy and principles of THE LINE, which was announced in January, and will offer exceptional livability in harmony with nature, according to a statement carried by Saudi Press Agency.
The Crown Prince said in his announcement, “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.