News

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.

Published

4 years ago

November 20, 2022

Nour Nasir

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.

News

LUVED Is A New Curated Preloved Marketplace For The UAE

Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.

Published

5 hours ago

June 16, 2026

Joanna Melki

luved is a new curated preloved marketplace for the uae

Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.

The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.

Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.

An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.

Also Read: Logitech’s New Folding Mouse Is Designed For Work On The Go

“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.

The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.