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Saudi Arabia’s mega-project, whether good or bad, is a debate: Oxagon (could seriously affect Suez Canal trade!)

  • June 18, 2024
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Saudi Arabia continues to capture the world’s attention with its visionary projects. The newest and perhaps most notable of these is the one on the Red Sea coast.

Saudi Arabia’s mega-project, whether good or bad, is a debate: Oxagon (could seriously affect Suez Canal trade!)

Saudi Arabia continues to capture the world’s attention with its visionary projects. The newest and perhaps most notable of these is the one on the Red Sea coast. Part of a larger development plan called Neom Designed like Oxagon!

Named for its octagonal shape Oxagonis a modern industrial complex that attracts attention not only with its shape, but also with its innovative technologies and understanding of sustainability.

Oxagon is a huge project that will cover a total area of ​​approximately 48 square kilometers!

Oxagon too One of the largest floating structures in the world. This floating structure is planned to be structured around squares connected by small channels.

Moreover, the main objective of this project, located on the northwestern coast of Neom high-tech production, renewable energy, automation and sustainability It is said to be a pioneer in areas such as.

Complete with sustainable energy sources Oxagon, which is attracting attention with the fact that it will work, will also work on artificial intelligence and the Internet of Things, etc. It also plans to incorporate advanced technologies such as.

With its strategic location, it is intended to become a port and logistics center that aims to facilitate access to world trade routes through the Red Sea.

Oxagon

This project, which will be implemented within the scope of Saudi Arabia’s 2030 plan, will create thousands of new jobs and with the high technology it will include. support global development This is expected to happen.

However, due to its proximity to the Suez Canal, which is responsible for a significant portion of world trade, changes in trade routes and competition issues will arise. geopolitical tensions, due to its impact on marine life environmental effects It also brings with it such concerns.

Source: NEOM

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