OXAGON is the industrial city reimagined – a place that provides everything your business needs to push beyond traditional boundaries.
Saudi Arabia has launched its latest in a long list of grandiose projects: an octagonal industrial city floating on the Red Sea. Saudi Crown Prince Mohammed bin Salman, also known as MBS, on Tuesday announced the launch of "OXAGON", touted to be the "world's largest floating structure". It will be built in the southwestern area of NEOM, the futuristic new megacity which Saudi authorities claim will be 33 times the size of New York City. Half of OXAGON will float on the Red Sea, which on average is 500 metres deep.
According to a press release, the city will be powered solely by renewable energy and will utilise the Internet of Things, artificial and predictive intelligence and robotics to create “a seamless integrated, intelligent and efficient supply chain”.
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.
Mohammed bin Salman, Crown Prince and Chairman of NEOM Co.