Rather, it is an urban environment centered around the port and logistics hub where we offer exceptional livability. I don't think we want to call ourselves a port city per se.

So the floating platform, for example, will use existing technology to do something that nobody has ever done before. But also existing tech that needs to be adapted for for this project.

So in short, there are a lot of firsts embedded in Oxagon and they are based upon new technology. There will be absolutely no privately-owned vehicles. And we're going to build the largest car-free city anywhere as well. In addition, we will have one of the world's largest hydrogen production facilities, forming the basis of our hydrogen economy.

The intention being to consciously minimize the impact to the surrounding land and coastline, by concentrating the development into our octagon shape with half of it on the water. We are also building the world's largest floating structure, where half of our city will be over the 600-meter-deep Red Sea. It’s the world's first industrial city that's focused on delivering exceptional livability. I think that is really critical and underpins everything we are doing. The world's first truly-integrated port and logistics hub under one company and one regulatory scheme that promotes faster and seamless trade to all corners of the globe. Using modular building techniques, it will also include other industries such as space. It is the home for large-scale industrial activities such as hydrogen, water and modular building production – among others. Oxagon is the first major residential development to go live and it will embody all the values of NEOM from sustainability to livability, as well as proving out some of those early concepts. Whether it is consumers looking for their goods in the store, retailers looking to stock the shelves or companies looking for their imported products, their supplies, finished goods for export. This is the most state-of-the-art facility in the world, delivering a tremendous amount of value to everybody across NEOM. When you think about trade and you think about imports and exports of goods, food, anything physical – it comes by ship most of the time. Oxagon sits as the industrial hub of NEOM with an integrated port and logistics facility.

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