Saudi Arabia's Oxagon, a major port and industrial hub within the Neom mega-project, is progressing to Phase 2, with ground preparations and large-scale dredging planned for later this year.

This phase involves earthworks and dredging activities on the Red Sea coast near key global shipping lanes, supporting Oxagon's role as a strategic logistics center.

Oxagon aims to enhance regional trade by leveraging its strategic location along the Red Sea, which handles about 13% of global shipping traffic.

A European dredging contractor has identified Oxagon as a flagship infrastructure project for 2025, emphasizing its significance in regional development.

The project is envisioned as an advanced logistics hub integrating port, rail, and air connectivity to position Oxagon as a global shipping and industrial center.

Oxagon features an octagonal design with its offshore section planned as the world's largest floating structure, intended to serve as a major logistics hub.

Located on the Red Sea coast south of Neom’s linear city, The Line, Oxagon’s floating structure aims to support regional trade and economic growth.

While The Line has garnered global headlines for its controversial design, Oxagon is central to Neom's economic strategy and Saudi Vision 2030, serving as its industrial backbone.

The port is designed to be the backbone of Neom’s economy, supporting sustainable regional development through integrated logistics infrastructure.

Oxagon plays a key role in Crown Prince Mohammed bin Salman’s Vision 2030, aiming to diversify Saudi Arabia’s economy and foster international trade.

Its development is expected to catalyze economic growth and establish a major international logistics gateway, boosting regional and national prosperity.

Deme Group, a leading European dredging contractor, is actively involved, with ongoing dry earth moving activities and scheduled dredging later in 2025, highlighting the project's strategic importance.