With agreements made with Bosch & Bain & Co. to expedite clean industrial change in Oxagon, Saudi Arabia’s $500 billion megacity is projected to provide an additional impetus to the country’s push toward sustainable energy in NEOM.
The industrial metropolis of Oxagon in NEOM will run entirely on renewable energy. In keeping with the objectives stated in Vision 2030, the Kingdom also hopes to develop this location into a major tourism attraction.
Oxagon stated in an X post that it will “harness the knowledge of every organization to shape the coming years of the manufacturing sector through investment in innovation, technology, and talent development” as a result of these memorandums for understanding with Bosch and Bain & Co.
“Bain and Bosch embrace our goal to transform the current industrial model,” said Vishal Wanchoo, the CEO of Oxagon. Our goal of enabling businesses of future generations to produce goods of the tomorrow in NEOM as well as beyond is being accelerated by this collaboration.
For Saudi Arabia, which is pursuing economic diversification, creating giga-projects such NEOM is essential if it hopes to become a major international travel attraction by the end of this decade.
By the end of this decade, Saudi Arabia hopes to welcome 100 million tourists to the Kingdom thanks to its National Tourism Strategy.
A brief video that NEOM published earlier in October showed that the city’s roads, utilities, and hospital construction were all finished.
The movie showcases the advancements made in the city’s development projects, with over 60,000 construction employees now on site and over 3,000 workers from 90 nations contributing to the giga-project.
The largest green hydrogen factory in the world, which is presently being developed in the city, also received its first significant supply of wind turbines from NEOM in the same month.
The project’s developer, NEOM Green Hydrogen Co., stated that the wind generators were transported to the Port of NEOM in Oxagon, Arizona.