Oxagon targets to house around 90,000 residents by 2030, with the first one expected as early as next year.
Inside Saudi Arabia’s Oxagon: the biggest floating city in the world
Oxagon targets to house around 90,000 residents by 2030, with the first one expected as early as next year
Somewhere along the Red Sea, close to the Suez Canal, Saudi Arabia is building a floating city it touts to radicalise the global manufacturing industry – the Oxagon.
Shaped exactly how it’s named, the new city is part of the Kingdom’s Neom megaproject, and is focused in creating a new logistics centre that will redefine “world’s approach to industrial development in the future,” Saudi Crown Prince Mohamed bin Salman said at the time of the launch.
It was first announced in November last year, with full completion slated at 2030. Some of its key features – advanced logistics solutions facilities – are expected to take shape by 2025.
Oxagon targets to house around 90,000 residents by 2030, with the first one expected as early as next year.
It will focus on seven sectors – sustainable energy; autonomous mobility; water innovation; sustainable food production; health and well-being; technology and digital manufacturing; and modern methods of construction.
Oxagon already has some confirmed tenants that demonstrate these statements – including the hydrogen project between Air Products, ACWA Power, and Neom. Gulf Modular International will also set up shop in the city, as well as Hyzon Motors and Desert Technologies.
