- Introducing "Triple Deuce," the world's largest superyacht at 728 feet (222 meters) long
- Will also be most expensive private yacht on the planet with $1 billion price tag
(CNN)There's big. And then there's bigger.
Introducing Triple Deuce, set to be the world's biggest superyacht at a whopping 222 meters (728 feet) long.
At $1 billion, it will also be the most expensive private yacht ever built, costing more than the annual GDP of Western Sahara, the British Virgin Islands, and Micronesia.
The identity of Triple Deuce's owner remains secret. Nonetheless, building a yacht of this size is all about "boasting rights," said Craig Timm of 4Yacht, broker of the record-breaking project.
"It's just like the competition to build the world's tallest building," he said of the commission, due to be completed in spring 2018.
"Project Deuce will cost $1.1 billion to $1.2 billion," added Timm. "And don't forget to add in annual operating costs -- on a yacht of this size, it will run the owner up an additional $20 to $30 million per year."
The boat will be more than 131 feet (40 meters) longer than the world's current biggest superyacht, "Azzam," believed to be owned by the President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan. It will also trump Russian businessman Roman Abramovich's "Eclipse" by 192 feet (58.5 meters).