NEOM signs multiple memorandums of understanding
Seetao 2023-11-29 14:16
  • Oxagon is an industrial city of NEOM that will use 100% renewable energy
  • The Kingdom of Saudi Arabia is also committed to turning this destination into a tourism center, consistent with the goals outlined in the 2030 Vision
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Saudi Arabia's promotion of sustainable energy in NEOM is expected to be further promoted, as the Kingdom's $500 billion mega city has signed agreements with Bosch and Bain to accelerate Oxford's clean industry transformation.

These memorandums of understanding with Bosch and Bain will help Oxagon leverage the expertise of each organization to shape the future of manufacturing through investments in innovation, technology, and talent development.

Osagon CEO Vishal Wanchoo said, "Bain and Bosch share a common vision of changing the existing industrial model. This collaboration aims to accelerate our ambition to enable future factories to manufacture future products in NEOM and other regions.".

Developing super projects like NEOM is very important for Saudi Arabia, as this kingdom, which is on the path of economic diversification, is attempting to become a global tourism destination by the end of this decade.

Through its national tourism strategy, Saudi Arabia aims to attract 100 million tourists to the kingdom by the end of this decade.

In early October, NEOM released a short video and revealed that the construction of hospitals, public utilities, and multiple roads in the city had been completed.

The video showcases the progress of the city's development project and points out that over 3000 people from 90 countries are working on this gigabit project, with over 60000 construction workers on site.

In the same month, NEOM also received the first batch of wind turbines for the world's largest green hydrogen plant currently under construction in the city.

NEOM Green Hydrogen Co., which is developing the project, stated that the wind turbine was paid for at the NEOM port in Oxagon.

After delivery, Wanchoo stated that the arrival of the wind turbine for the Green Hydrogen project is an important milestone for the Oxagon port as it continues to expand its operational capacity.Editor/XingWentao


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