Saab said that the new experience in designing yachts is part of his company’s strategy “to expand its presence and explore new sectors.”"I seek to incarnate my vision of modernity and elegance beyond the conventional lines of fashion," he said.

Saab will design all aspects of the luxury yachts from the interior to the exterior lines. The first yacht will be unveiled at the Abu-Dhabi Yacht Show in February.

The yachts will be executed by Oceanco, a company specialized in the creation of yachts with offices in Netherlands and Monaco.