Floating City

MOU signed for floating city off Tahiti

The deal was signed by a minister Jean-Christophe Bouissou and the executive director of the Seasteading Institute in San Francisco, which is backed by Paypal founder and billionaire Peter Thiel.

The agreement clears the way for feasibility studies to create a legal structure for seazones with a special governing framework.

The Institute chose French Polynesia for its venture because it found that its links to France, its autonomy and relatively calm waters, offered a suitable environment to place a floating island.