The Pagani Huayra makes its Middle East debut at Yas Marina Circuit. Courtesy Aladiyaat Group
The Pagani Huayra makes its Middle East debut at Yas Marina Circuit. Courtesy Aladiyaat Group

Italian car maker Pagani launches Huayra supercar in region at Yas Marina Circuit



ABU DHABI // Famous Italian car maker Pagani Automobili launched its Huayra hypercar in the Middle East at an event at Yas Marina Circuit on Friday.

The car has a top speed of 370kph, can hit 100kph in just 3.3 seconds and has already won a plethora of awards.

It was designed by renowned Argentinian company founder Horacio Pagani, who jetted into Abu Dhabi for the launch.

“The Middle East has always been a key market for us, where our legend enjoys a tremendous fan following,” he said.

“With the Pagani Huayra, we have developed a high-performance supercar to the toughest safety requirements and to cater to a global audience.”

Montaser Al Kuzbari, the chairman of Aladiyaat Group, which is the UAE dealer of Pagani, said: “With the UAE’s booming car sales market and fast-growing pool of ultra-high-net-worth individuals, it is only opportune to host a prestigious international brand like Pagani.”

Built in Modena, Italy, the two-door supercar is powered by a bespoke Mercedes AMG 6.0-litre V12 twin-turbo engine and costs just under Dh5 million.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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UAE currency: the story behind the money in your pockets
McIlroy's struggles in 2016/17

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PGA Tour: 8 events, 26 rounds, 6 cuts, 0 wins, 4 top-10s, 5 top-25s, 526 points, ranked 71st

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million