Last summer brought word that the Middle East was finally getting its own homegrown supercars in the form of two all-new vehicles – the Hypersport and Supersport – from W Motors. Now, just weeks after its official debut at the 2013 Qatar Motor Show, we are learning more details about its initial release, aptly called the Lykan Hypersport.

Its appearance is radical (looking a bit as if it were penned by Lamborghini), but it more than substantiates its performance. According to the automaker, the Hypersport will boast a twin-turbo flat-six generating about 750 horsepower and 737 pound-feet of torque. The mid-mounted engine will propel the Arab supercar to 60 miles per hour in a blistering 2.7 seconds as it heads towards a top speed of 245 mph.

W Motors has reportedly already taken over 100 orders for the two-seater that will initially be assembled in Italy (production will move to the Middle East later). Before you reach for your checkbook, keep in mind that the list price on the Hypersport is a very Middle East-like $3.4 million. Yes, each.