Pearl Electric Wins NEOM‑OXAGON Project Bid in Saudi Arabia Future City

Pearl Electric marks another breakthrough in the Middle East market. Following its successful participation in the NEOM Green Hydrogen Project, the Overseas Market Department secured the OXAGON project contract with a total value of nearly 30 million RMB.

Background of NEOM and OXAGON Project

Located in northwest Saudi Arabia, NEOM is a landmark futuristic urban initiative powered exclusively by renewable energy, including solar, wind, and green hydrogen. It pursues sustainable urban planning to minimize environmental footprint while improving living and industrial conditions.

NEOM Green Hydrogen Project

This large‑scale energy initiative is funded by ACWA Power, a top‑tier Saudi energy developer backed by the Saudi PIF sovereign wealth fund. ACWA Power operates assets across 13 countries with over 45,000 MW installed power generation capacity. Pearl Electric transformers delivered stable performance for the NEOM Green Hydrogen Project and gained positive recognition from ACWA Power and NEOM authorities.

OXAGON Project Profile

OXAGON serves as NEOM’s core integrated industrial hub along the Red Sea coastline. Planned as the world‑class floating port and supply‑chain ecosystem, it targets Industry 4.0 and circular‑economy development. Parsons acts as the PMC project management consultant and Jacobs serves as chief design consultant for this USD 6.4‑billion‑investment project.

Challenges for Transformer Technical Requirements

The NEOM‑OXAGON smart city sets strict requirements for power transformers following IEC and ITP certification standards, which differ significantly from Chinese domestic specifications.

• Dual‑frequency operation: transformers must safely switch between 50Hz and 60Hz working modes;

• Long‑term maritime‑environment adaptability for dock and port power facilities;

• Compliance with green‑development assessment and project‑level audit requirements.

Complex customized technical design was required for this high‑end international tender.

Bidding Process & Project Significance

After one‑and‑a‑half‑years of persistent project follow‑up, professional technical support and customer service, Pearl Electric outperformed competing global suppliers and was selected as the designated transformer supplier by the general contractor.

This bid‑win further demonstrates Pearl Electric’s manufacturing and engineering strength for global power‑equipment projects. It consolidates our market foothold within high‑end Middle‑East markets. Pearl Electric will keep delivering reliable transformer solutions for overseas large‑scale new‑energy and infrastructure projects.