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Saudi Arabia Will Be Home To A $5BN Floating City

The superyacht, to be named Pangeos, will have room for 60,000 guests along with shopping malls and beach clubs.

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saudi arabia will be home to a $5bn floating city
Lazzarini

An Italian design studio called Lazzarini has begun a massive project to design and eventually build a $5 billion “terayacht”. The colossal floating city will be based in Saudi Arabia, and will have the ability to host 60,000 people.

As if the sheer size of this craft wasn’t headline-grabbing enough, the yacht, named Pangeos, will be shaped like a giant sea turtle.

According to Lazzarini, Pangeos is named “after the supercontinent that existed millions of years ago during the late Paleozoic and early Mesozoic eras.”

The design studio went on to add: “Translating this into a somewhat futuristic expression, Pangeos extends its length for 550 meters (1,800 ft) and measures 610 meters (2,000 ft) at its widest point — the wings. If realized, the turtle-shaped vessel will become the world’s largest structure ever built.”

pangeos terayacht floating city

The floating city will be home to 19 luxury villas and 64 apartments on each of the turtle’s wings. Lazzarini expects to pump $8 billion into construction, creating the largest-ever floating object after an eight-year build period.

pangeos floating city villas

The design of Pangeos is based around a main square that resembles a giant sports stadium, which extends into a wide terraced villa area with private houses, shops, and other buildings, plus a rooftop terrace with an upper “shell” zone for landing flying vehicles.

Also Read: Saudi Arabia Reveals Plans To Build The City Of The Future

In the lower spaces, 30,000 cells provide an unsinkable floating platform, with the bulk of the vessel being constructed from steel.

As well as being notable for its outrageous size and head-turning design, Pangeos will offer unrivaled luxury for guests, with a rooftop garden, mall, beach club, and a massive central shipyard with direct access to the sea.

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LEAP 2024 Will Shine A Light On Female Innovators In Technology

Women comprise nearly a third of the event’s speaker lineup alongside a dedicated program of high-level content, investment, and mentorship.

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leap 2024 will shine a light on female innovators in technology

LEAP 2024, a premier global technology event, will highlight the achievements of women in the technology sector as it returns for its third edition at the Riyadh Exhibition and Convention Centre in Malham district from March 4 to 7.

Hosted by Tahaluf, a strategic collaboration between Informa PLC, the Events Investment Fund (EIF), and the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), LEAP 2024 will feature a dedicated program titled “Women in Tech”. The program will offer enriching content, investment opportunities, networking sessions, mentorship programs, and a special startup award.

leap 2024 event women in tech

The initiative aims to inspire women to actively participate in the technology industry, aligning with broader diversity efforts. Reflecting the Kingdom’s commitment to equality, the focus on “Women in Tech” coincides with the increasing female participation at LEAP events.

Annabelle Mander, Senior Vice President of Tahaluf, emphasized the event’s commitment to gender inclusivity, stating, “Female representation is across all of LEAP’s features and reflects the event’s mission of driving economic diversification and providing market access to international business. Within Tahaluf itself, half of our team members are women, and women make up half of our SMT, too”.

Also Read: Saudi Arabia Aims For 70% Cashless Transactions By 2025

The “Women in Tech” program will feature distinguished speakers including Nadine Hachach Haram, CEO and Founder of Proximie, and Sahar Albanarna from IMPACTIQUE Bahrain, who explained: “Over 26 million women worldwide with professional experience and degrees are not in the global workplace. This demographic includes a huge pool of untapped talent which technology can help unleash to fuel the co-creation of exponential solutions across multiple sectors. To help women access productive employment, we urge industry leaders to support high-impact female entrepreneurs as a means to boost their economies and accelerate the UN’s sustainable development goals by promoting inclusive and sustainable economic growth”.

The event will also provide a platform for female-led startups and entrepreneurs to pitch for funding and support through various initiatives such as the Women’s Investor Forum, Entrepreneur Mentorship Scheme, and the Aviatrix Award at the Rocket Fuel pitch competition, offering a prize fund of US$150,000.

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