Money & BusinessSaudi Arabia

Saudi: NEOM’s industrial city, OXAGON, launched

Saudi Arabia announced on Tuesday the launch of NEOM’s industrial city, known as OXAGON, which is set to be the largest floating industrial complex in the world. It’s 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.

Approximately 13 percent of the 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. The net-zero city will be powered by 100 percent clean energy.


Arab News

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