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Samsung Signs US$1.1 Billion Ship Deal with Utopia Residences

Samsung Heavy Industries of Seoul, Korea announced today that an affiliate of Utopia Residences of Beverly Hills has executed a binding letter of intent to build a luxury residential ocean liner.

Beverly Hills, CA (PRWEB) November 30, 2009

Samsung Heavy Industries of Seoul, Korea announced today 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 center 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.

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