A standout turtle-shaped yacht, named Pangeos, has been unveiled by the Italian firm, Lazzarini, and when built will be the largest manmade floating structure ever. The terayacht project is also anticipated to be located at the King Abdullah Economic City, around 2 kilometers from King Abdullah port, and is expected to cost over $8 billion.
Lazzarini’s founder, Pierpaolo Lazzarini, highlights that while Pangeos is just a concept now, it is beginning to develop beyond a sophisticated design on a computer screen. Although with a proposed timeline of eight years to complete the project, the reality of a completed project is some way off yet.
The terayacht proposal also takes its name from Pangea, the supercontinent that existed millions of years ago.
A YACHT CITY
The yacht will effectively be a nomadic city. A city as such that will accommodate 60,000 people. But it will also have an array of hotels, shopping malls, parks, and even ship and aircraft ports.
The floating structure's side wings will have sixty-nine apartments and nineteen private villas on each side. On the rooftop shell, there will additionally be seventy-two terraced residencies available. Given the extensive cost of the project, ultra-high-net-worth individuals are anticipated to be the primary audience that these residencies will attract.
ADVANCED ARCHITECTURE AND STRUCTURAL ENGINEERING
The base of the yacht city is intended to be mostly constructed in steel. This will be provided with an unsinkable floating solution in the bottom level, which accommodates 30,000 cells or cluster compartments. Alongside this will be an enormous hull, which has a draft of 30 metres and is separated into multiple blocks made up of nine distinct bows.
Pangeos will also have a length of 550 meters (1,800 feet) and a width of 610 meters (2,000 feet) at its wings. The turtle-shaped vessel would therefore become the biggest floating structure ever constructed if it were to materialise. Given this extensive scale, the project will even require a purpose-built shipyard to construct.
EMBRACING NFT TECHNOLOGY
Under an NFT collection, it will be possible to acquire the virtual areas of the boat. With their login credentials, users will be able to access the virtual properties and acquire certain assets. If the idea is turned into a genuine development, the same credentials will also serve as a deposit on a piece of property. So, the utility of NFT’s in this case will serve a similar function to that being proposed within the UAE’s green housing market or the UAE's metaverse mansions for example. The implementation of NFT PropTech innovation is something that is also becoming more common practice amongst future developments within the MENA region too.
