Saudi Arabia’s Crown Prince and Chairman of the NEOM Company Board of Directors, His Royal Highness Mohammed bin Salman bin Abdulaziz has announced the establishment of OXAGON, forming the next phase of NEOM’s master plan and representing a radical new model for future manufacturing centers.
According to the statement, the establishment of OXAGON is based on NEOM’s strategies of redefining the way humanity lives and works in the future.
On the occasion, Crown Prince said that “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,” he further added.
Nadhmi Al Nasr CEO – NEOM
“Through OXAGON, there will be a fundamental shift in how the world views manufacturing centers. What encourages us is to see the enthusiasm of a number of our partners who have shown eagerness to start their projects in OXAGON. These pioneers of change will establish factories, developed with the latest technologies in artificial intelligence, to achieve a significant leap for this era into the Fourth Industrial Revolution. As with THE LINE, OXAGON will be a comprehensive cognitive city that provides exceptional livability for its residents.”
OXAGON will build the world’s first fully-integrated port and supply chain ecosystem for NEOM. The port, logistics, and rail delivery facilities will be merged, resulting in world-class productivity and net-zero carbon emissions, setting global standards for technology adoption and environmental sustainability.
“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,” as per the statement.
The net-zero city will be powered entirely by renewable energy and will serve as a focal point for industry leaders who wish to lead the way in developing advanced and environmentally friendly factories in 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 percent renewable energy,” according to the statement.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
