PR93095

NOAM, Saudi Arabia, Nov. 16 /PRNewswire=KYODO JBN/--

- Clean energy, modern supply chain logistics in OXAGON to support business

partners

- OXAGON to welcome industrial pioneers beginning in 2022

- Seven key industries supported by renewable energy to support industrial

development

- Unique octagon design supports NEOM’s Blue Economy development

– His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM

Company Board of Directors, today announced the establishment of OXAGON,

forming the next phase of NEOM’s master plan and representing a radical new

model for future manufacturing centers, based on NEOM’s strategies of

redefining the way humanity lives and works in the future.

On the occasion of the announcement on the establishment of the city, His Royal

Highness said: "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 business and development have started on the ground and we

look forward to the city’s rapid expansion."

Nadhmi Al-Nasr, CEO of NEOM, said: "Through OXAGON, there will be a fundamental

shift in how the world views manufacturing centers. What encourages us is to

see the enthusiasm of a number of our partners who have shown eagerness to

start their projects in OXAGON. These pioneers of change will establish

factories, developed with the latest technologies in artificial intelligence,

to achieve a significant leap for this era into the Fourth Industrial

Revolution. As with THE LINE, OXAGON will be a comprehensive cognitive city

that provides exceptional livability for its residents."

Comprising a large area in the southwest corner of NEOM, the core urban

environment is centered around the integrated port and logistics hub that will

house the majority of the city's anticipated residents. The unique octagonal

design minimizes impact on the environment and provides optimal land usage,

with the remainder open to preserve 95% of the natural environment. A defining

feature of the city is the world’s largest floating structure, which will

become a center for NEOM’s Blue Economy and achieve sustainable growth.

OXAGON complements the same philosophy and principles of THE LINE (which was

announced in January 2021) and will offer exceptional livability in harmony

with nature. Ideally located on the Red Sea close to the Suez Canal, through

which approximately 13% of the globe's trade passes, OXAGON will be one of the

world's most technologically advanced logistics hubs with state-of-the-art

integrated port and airport connectivity.

OXAGON to set global benchmarks for advanced technologies

OXAGON will establish 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.

The agile and integrated physical and digital supply chain and logistics system

will allow for real-time planning, resulting in secure on-time delivery,

efficiency and cost-effectiveness for industry partners.

At OXAGON's core will be the adoption of the most advanced technologies such as

the Internet of Things (IoT), human-machine fusion, artificial and predictive

intelligence, and robotics, all of which are coupled to a network of fully

automated distribution centers and autonomous last-mile delivery assets to

drive NEOM’s ambitions of creating a seamless integrated, intelligent and

efficient supply chain.

Seven innovative sectors, all powered by 100% renewable energy

The net-zero city will be powered by 100% 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.

Seven sectors form the nucleus of OXAGON's industrial development, with

innovation and new technology creating a vital base for these industries. These

industries are sustainable energy; autonomous mobility; water innovation;

sustainable food production; health and well-being; technology and digital

manufacturing (including telecommunications, space technology and robotics);

and modern methods of construction; all powered by 100% renewable energy.

Communities to be integrated with nature

Many of the features of THE LINE that offer exceptional livability are

reflected in the urban landscape of OXAGON. Communities will be walkable, or

via hydrogen-powered mobility. Sustainable industry will be built around the

communities, minimizing commute time and providing exceptional livability with

nature seamlessly integrated into the urban environment.

Education, Research and Innovation to rival global centers

OXAGON will innovate to create a truly circular economy with a collaborative

environment built around research and innovation: OXAGO's innovation campus

will host the Education, Research and Innovation (ERI) ecosystem to rival

established global centers.

Development of OXAGON is well underway and designs are in progress for the

large manufacturing facilities. These facilities include the world's largest

green hydrogen project involving Air Products, ACWA Power and NEOM in a

tri-partite venture; the world's largest and most advanced modular building

construction factory with Gulf Modular International; and the largest

hyperscale data center in the region, a joint venture between FAS Energy and

NEOM.

With a best-in-class regulatory system of its kind for mass support, OXAGON

will grow rapidly and welcome its first manufacturing tenants at the beginning

of 2022.

About NEOM

NEOM is an accelerator of human progress and a vision of what a New Future

might look like. It is a region in northwest Saudi Arabia on the Red Sea being

built from the ground up as a living laboratory – a place where

entrepreneurship will chart the course for this New Future. It will be a

destination and a home for people who dream big and want to be part of building

a new model for exceptional livability, creating thriving businesses and

reinventing environmental conservation.

NEOM will be the home and workplace to more than a million residents from

around the world. It will include hyperconnected, cognitive towns and cities,

ports and enterprise zones, research centers, sports and entertainment venues,

and tourist destinations. As a hub for innovation, entrepreneurs, business

leaders and companies will come to research, incubate, and commercialize new

technologies and enterprises in groundbreaking ways. Residents of NEOM will

embody an international ethos and embrace a culture of exploration, risk-taking

and diversity – all supported by a progressive law compatible with

international norms and conducive to economic growth.

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Source: NEOM