Under the NEOM project of Public Investment Fund (PIF), Oxagon with a 48 sqm development area, is strategically located in northwest Saudi Arabia, situated on the Red Sea near the Suez Canal. Approximately 13 per cent of global trade passes through the Red Sea, and it is positioned to be one of the world’s most technologically advanced logistics hubs with state-of-the-art integrated port and airport connectivity. Oxagon will be an industrial engine for NEOM.
OXAGON will establish a $5 billion green hydrogen plant and the world’s first fully-integrated port and supply chain ecosystem for NEOM. The port, logistics, and rail delivery facility will be unified, providing world-class productivity levels with net-zero carbon emissions, setting global benchmarks in the adoption of technology and environmental sustainability. It will contribute to Saudi Arabia’s regional trade and commerce, and support creating a new focal point for global trade flows.
The net-zero city will be powered by 930 clean energy and will become a focal point for industry leaders who want to pioneer change to create the advanced and clean factories of the future. It will be the catalyst for economic growth and diversity in NEOM and the Kingdom, further meeting their ambitions under Vision 2030.
With regulations to enable growth and promote innovation, OXAGON will become home to Seven advanced technology industries. These industries are Renewable energy, Autonomous and sustainable mobility, Modern construction, Water Innovation, Sustainable food production, Health and wellbeing, Technology and digital.
Partners at Oxagon: Air Products, ACWA Power, Gulf Modular, Hyzon Motors, desert technologiesFAS Energy FIT1 S.A.EOracle