Saudi Arabia has announced a $33 billion investment to construct Oxagon, a revolutionary floating industrial city on the Red Sea coast. Designed as a core part of the NEOM project, Oxagon aims to redefine how industries operate by combining automation, renewable energy, and ocean-based infrastructure at an unprecedented scale.
• Oxagon will be the largest floating industrial complex ever built, positioned partly on land and partly offshore.
• The city is designed to run on 100% renewable energy, including solar, wind, and green hydrogen.
• Autonomous logistics, AI-driven manufacturing, and robotics will power industrial operations.
• Its location near global shipping routes enables faster, cleaner international trade.
• Floating architecture reduces land disruption and preserves surrounding ecosystems.
• The city will serve as a hub for clean manufacturing, advanced materials, and energy-intensive industries.
• Oxagon represents Saudi Arabia’s shift from oil dependency toward a high-tech, sustainable industrial future.
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