The CEO of OXAGON, Vishal Wanchoo, has emphasized that the city is set to become the industrial heart of NEOM, aligning with the vision to transform the region into a hub for advanced clean industries. Speaking at the Second Saudi International Conference for the Steel Industry in Riyadh, Wanchoo revealed that OXAGON’s construction will heavily rely on iron and steel over the next decade, while prioritizing carbon neutrality and the use of clean energy.
Wanchoo highlighted OXAGON’s commitment to upholding the highest environmental standards across various sectors, including industry, construction, mining, and waste management. The city’s development will integrate sustainable practices, reflecting NEOM’s broader goals of environmental responsibility.
Building the Workforce and Global Vision
Wanchoo also noted that 40% of NEOM’s workforce comprises Saudi nationals, who have received world-class education and are key contributors to the city’s ambitious vision. Additionally, OXAGON benefits from the expertise of a diverse workforce, with professionals from over 70 countries participating in this groundbreaking project.
He further pointed out that Saudi Arabia, through such projects and mega-cities like NEOM, is presented with a historic opportunity to lead the global shift toward renewable energy solutions, cutting-edge construction technologies, and environmentally compatible modern industries.
Green Hydrogen and Clean Energy Initiatives
In a significant development for green energy, Wanchoo announced that the production of green hydrogen at NEOM is slated to begin in 2026, with a capacity of 650 tons per day. This hydrogen will play a crucial role in industries such as green steel and low-carbon cement. OXAGON itself will operate entirely on renewable energy, ensuring a sustainable future for its industries.
Wanchoo reaffirmed that OXAGON will serve as NEOM’s industrial core, aiming to be a leader in advanced clean industries, research, and innovation. Its strategic location along the Red Sea, through which 13% of global trade passes, positions OXAGON to attract industries and establish a robust export-based economy.
