Neom and Bosch sign multiple MoUs in energy cooperation
NEOM has solidified its commitment to clean industrial
transformation by signing multiple Memoranda of Understanding (MoUs) with Bosch
and Bain & Co., marking a significant step in the sustainable energy
initiative within the $500-billion NEOM megacity.
These agreements are specifically aimed at accelerating the
shift toward clean industry in Oxagon, the industrial city within NEOM, set to
operate entirely on renewable energy. The strategic partnerships with Bosch and
Bain & Co. align with NEOM's goal to position Oxagon as both an
environmentally sustainable industrial hub and a tourist destination, aligning
with the objectives outlined in Vision 2030.
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Oxagon, envisioned as a city operating on 100 percent
renewable energy, is poised to reshape the industrial landscape with these
collaborations. According to a statement from Oxagon, the MoUs with Bosch and
Bain & Co. will leverage the expertise of each organization to drive future
manufacturing through investments in innovation, technology, and talent
development.
Vishal Wanchoo, CEO of Oxagon, expressed enthusiasm about
the collaboration, stating, “Bain and Bosch share our vision to transform the
existing industrial model. The collaboration aims to accelerate our ambition to
enable factories of the future to build products of the future in NEOM and
beyond.”
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The development of mega-projects like NEOM is crucial for
Saudi Arabia's economic diversification efforts and its aspiration to become a
global tourism destination by the end of the decade, in alignment with the
National Tourism Strategy. NEOM's recent progress, as showcased in an October
video release, highlights completed constructions, including a hospital,
utilities, and roads within the city. The video also emphasized the diverse
international workforce involved in the project, with over 3,000 people from 90
countries contributing to the giga-project.
In October, NEOM reached a milestone with the delivery of
wind turbines for the world's largest green hydrogen plant under development in
the city. NEOM Green Hydrogen Co., overseeing the project, noted the
significance of the delivery at the Port of NEOM in Oxagon. Wanchoo highlighted
the arrival of wind turbines as a major achievement for the port, reflecting
its continued expansion of operational capabilities.
Source: https://www.arabnews.com/
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