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Saudi Arabia has announced a $33 billion investment to construct Oxagon, a revolutionary floating industrial city on the Red Sea coast. Designed as a core part of the NEOM project, Oxagon aims to redefine how industries operate by combining automation, renewable energy, and ocean-based infrastructure at an unprecedented scale. • Oxagon will be the largest floating industrial complex ever built, positioned partly on land and partly offshore. • The city is designed to run on 100% renewable energy,
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