A new supercar, billed as Arabia’s first, is brewing in the United Arab Emirates, and it’s called the Lykan Hypersport. After first appearing as a concept one year ago , the Lykan Hypersport, the creation of supercar startup W Motors, has progressed to the pre-production stage, meaning most of the specifications have been locked in and production likely to soon.

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W Motors brought out a pair of Lykan Hypersports, one in gunmetal gray and the other in blue, to the 2013 Dubai Motor Show this week, where we’re sure some of the car’s potential owners got a good, close-up look. W Motors isn’t rushing the development of the Lykan Hypersport, which is understandable considering it will be charging a staggering $3.4 million for each of the seven cars planned for production.

To justify its lofty pricetag, the Lykan Hypersport has been designed to incorporate jewels and precious metals in its construction and advanced technologies, including an interactive holographic display system, in its cabin.

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Two versions of the car are being developed: the range-topping Lykan Hypersport you see here and a slightly tamer Lykan Supersport. Both are based on a bespoke platform and feature a turbocharged 3.7-liter flat-six engine developed by famous Porsche tuner RUF. The Lykan Hypersport will develop as much as 750 horsepower and is said to be capable of accelerating to 60 mph in just 2.8 seconds and a top speed of 245 mph.

Entering the cabin is done via a pair of suicide-style doors, a first on a supercar, and inside owners will find the aforementioned holographic display system as well as premium materials such as carbon fiber, titanium and precious stones. Owners will also receive a Cyrus Klepcys watch, said to be valued at around $200,000.

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In addition to RUF, several other notable firms are aiding the development of W Motors’ two cars. The list includes independent vehicle manufacturer and auto parts supply giant Magna Steyr, Italian design house StudioTorino and reborn Italian coachbuilder Carrozzeria Viotti.

For more from the 2013 Dubai Motor Show, click here.

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