OXAGON, the reimagined industrial city of NEOM, has announced the signing of a land lease agreement between NEOM and Abdullah Hashim Industrial Gases & Equipment.

As part of a planned SAR 600 million investment, AHG will develop in multiple phases a state-of-the-art industrial gases production and distribution facility in OXAGON’s Industrial Quarter, the city’s dedicated industrial district.  With groundbreaking scheduled for February 2026, the first phase will include essential industrial gases infrastructure, offices, warehousing, and distribution capabilities. Operations are due to commence in late 2026 with subsequent phases expected to start in 2028.

AHG’s new facility will play a vital role in localized production and distribution, reducing reliance on long-distance imports, minimizing supply chain disruptions, and reducing carbon dioxide emissions from transport.

Additionally, it will enhance cost competitiveness for tenants by providing more affordable and reliable access to essential industrial gases. This represents progress in addressing broader environmental impacts of manufacturing, including value chain emissions.

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