Somewhere along the Red Sea, close to the Suez Canal, Saudi Arabia is building a floating city it touts to radicalise the global manufacturing industry – the OXAGON. Shaped exactly how it’s named, the new city is part of the Kingdom’s NEOM megaproject, and is focused in creating a new logistics centre that will redefine “world’s approach to industrial development in the future,” Saudi Crown Prince Mohamed bin Salman said at the time of the launch.
Although there will be residential communities, the floating city will mainly have factories, manufacturing facilities, and other logistics-related sites.
Its location, which is close to the Suez Canal where around 13 percent of global trade passes through, is believed to be an advantage for the industrial sector.
Read the full story at Arabian Business