Porsche Design Group on Wednesday announced the signing of a design and marketing agreement with Singapore-based yacht builder, Royal Falcon Fleet.

Under this agreement Porsche Design will design luxury catamarans and mega-yachts for Royal Falcon Fleet on an exclusive basis in addition to developing a marketing concept for the yachts.

The first project is what you see in the photo above, a motor catamaran that is over 40 meters (135 feet) long. Porsche Design will design both the hull exterior and interior of the catamaran.

Royal Falcon Fleet has engaged the services of Swedish marine engineering company Kockums (a subsidiary of technological powerhouse ThyssenKrupp), and Australian naval architect Incat Crowther, with decades of experience in the construction of large motor catamarans.