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NEOM awards $3 billion contract for Oxagon’s net-zero port

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NEOM has awarded a $3 billion contract for the first phase of the improvement and expansion plans for the Port of NEOM, previously Duba port, located on Saudi Arabia’s Red Sea coast.

BESIX, through its local subsidiary Six Construct, in partnership with Modern Building Leaders (MBL) and Boskalis have secured the contract.

“The Port of NEOM will be a critical enabler to the overall build, operations, and economic ambitions of NEOM — from the import of goods and materials during the development phase and as a new global port serving the region,” according to Sean Kelly, managing director at the Port of NEOM.

Upon opening, the port will function at net-zero levels by using 100 percent renewable energy for its operations.

To transform local ports into globally competitive logistics hubs, the management of Duba Port was transferred from the Saudi Ports Authority to NEOM in 2022. Since the transfer, the port’s capabilities have been expanded to meet the rising volume of cargo coming into NEOM, including container and general cargo handling, a statement said.

“The Port of NEOM will be pivotal to the continued commercial competitiveness, economic diversification, and maritime trade ambitions of the Kingdom,” said NEOM CEO Nadhmi Al-Nasr.