Samsung Heavy Industries has announced that an affiliate of Utopia Residences of Beverly Hills has executed a binding letter of intent to build a luxury residential ocean liner.
J.W. Kim, the vice chairman of Samsung, said: “This is an historic day for Samsung, for Korea and for all of Asia because this ocean liner will be the most luxurious ship in the world, and the largest passenger ship ever built on the Asian continent.”
David Robb, the chairman of Utopia Residences remarked: “This will be the grandest ship in the world and will be a centre for learning, cultural exchange and philanthropy unlike any platform ever created.”
The Utopia ocean liner will have a boutique luxury hotel and will be home to 200 families who will be invited to purchase their own residences onboard the ship. The ocean liner will carry its residents and guests on a perpetual tour of ports hosting world-famous cultural and sporting events.
Measuring 296 metres long and over 105,000 gross tonnes, Utopia will have 200 luxury residences ranging in size from 130 to 613 square meters. The ocean liner Utopia will also have a 204 room boutique luxury hotel, casino, spa, theatre, night club, swimming pools, marina, signature restaurants and private residents club.
The ocean liner will travel to ports during major cultural and sporting events such as the Cannes Film Festival, Monte Carlo Grand Prix, The Olympics, Carnaval, Hong Kong Dragon Boat Festival, Melbourne Cup and other worldwide events of international acclaim.
David Robb said: “The residents onboard this ocean liner will enjoy the time of their lives, learn about other cultures and experience the most luxurious and stress-free way to travel.” Utopia also distinguishes itself with its philanthropic mission and plan to host humanitarian events in port cities around the world.
Captain Ola Harsheim, SVP of Utopia, said: “The residents on the ship will be able to take all of their belongings with them in their private homes as they travel on a life-changing tour of the world’s greatest events.”
According to Captain Harsheim, Utopia’s historic order with Samsung and investment in the ship, including options and Utopia’s deliverables, is valued at over USD 1.1 billion.
Samsung will draw upon a team of up to 400 engineers to construct the ocean liner. Samsung and Utopia are planning to complete the ship construction and delivery in 2013.
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