The Saudi Crown Prince announces the establishment of the Neom Industrial City "Oxagon"
The Saudi Crown Prince and Chairman of the Board of Directors of NEOM, Prince Muhammad bin Salman bin Abdulaziz, announced the establishment of the NEOM Industrial City “Oxagon”, which constitutes another step within the NEOM master plan, and aims to provide a new model for future manufacturing centers in accordance with NEOM’s strategy of redefining the way in which To live and work out humanity in the future.
In a statement on the occasion of the announcement of the city's establishment, the Saudi Crown Prince said: "The Oksagon Industrial City will be a catalyst for economic growth and diversification in NEOM in particular and the Kingdom in general, which meets our ambitions to achieve the goals of Vision 2030."
The Prince added, "NEOM Industrial City will contribute to redefining the world's orientation towards industrial development in the future, along with its contribution to protecting the environment, creating new job opportunities and achieving growth. Oxagon will also participate in supporting the Kingdom in the field of regional trade, in addition to supporting global trade flows in the region.
He concluded by saying: "I am pleased to see that development and business have already begun on the land of the industrial city, and I look forward to seeing its rapid expansion."
Oxagon occupies a large area in the southwest corner of NEOM, and the basic urban environment is centered around the integrated port and logistics center that will house the majority of the industrial city’s population. To support NEOM's approach to preserving 95% of the natural environment, the city is also the largest floating structure in the world and is a center for NEOM's development of the "blue economy" by relying on the seas to achieve sustainable development, which reflects NEOM's focus on creative and innovative development.
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