 |
| |
OXAGON to be a blueprint for blue economy | |
| Staff Writer |
OXAGON, the industrial city of NEOM, will be "a blueprint of the blue economy announced the Crown Prince Mohammed bin Salman. It will rest on the marine industry, NEOM CEO Nadhmi Al-Nasr told Arab News. The facilities will cut the ship-to-factory time to a day at most.
 |
NEOM’s commitment to regenerative and innovative structure, as OXAGON will create land by “urbanizing the sea” with floating districts that will host marine research incubators, greenhouses and a dedicated oceanographic institute supported by mixed-use and residential communities.
“It will become a blueprint for the blue economy focused on the sustainable use of marine resources to boost economic growth, improve livelihoods, create employment and preserve the health of the oceanic ecosystem.”
The strategic location of OXAGON will redefine logistics with accelerated access to Eastern and Western global markets. The digital technologies, OXAGON will invest in, will make it the world’s first fully-integrated next-generation port and supply chain which will effectively reduce the turn-around time for supply chain and the logistics around it.
Keeping in view NEOM’s semi-autonomous future, the top official is optimistic that the industrial hub’s regulatory structure will create a business climate that “drives innovation, fosters commercial ecosystems and generates growth.”
For a balance between industrialization and sustainability, the CEO referred to the distinct octagonal design, which could potentially “support preserving 95 percent of the natural environment at NEOM, minimize the impact on the land, preserve the coastline and optimize the total use of the terrain.”
“The city will be a place where people, industry, and technology coexist in harmony, allowing them to make the largest impact on the world and the least impact on the planet. It will be a highly cognitive city with data and technology built into its DNA from inception, enabling it to not only adapt to its residents’ needs but also evolve to anticipate them.”
The city will be home to the world’s largest hydrogen production facilities, to support the foundation for the hydrogen economy. The plant will provide access to low-cost, zero-carbon clean energy through its association with universities, industry associations and incubators to take part in revolutionizing manufacturing technology, advanced materials development, and product design.