Ammon News - (Al Arabiya) - The new Mercedes-Benz S-Class has been unveiled in the Middle East, Arabian Business reported Thursday.

The S-500 GCC specification will cost $132,000 (485,000 dirhams), 7daysinDubai newspaper reported.

It has a twin-turbo V8 engine with 455 horsepower, and a top speed of 250 kilometers per hour.

“The S-Class has changed automotive development immensely,” and “is the world’s best-selling luxury vehicle,” Wassim Derbi, marketing manager of Mercedes-Benz distributor Gargash Enterprises, told Arabian Business.

More than 64,000 V220 and V221 models have been sold in the Middle East, Derbi added.

The S-Class has been the iconic model of Mercedes-Benz for over 50 years.

Since the launch of the 220 model in 1999, the company has reported sales of 3.5 million units of its multiple variations worldwide.

Fuel consumption has been reduced by up to 20 percent in the 2014 version.

“The new S-Class achieves consumption and emissions figures that only a few years ago seemed utopian, even for executive cars,” Professor Thomas Weber, head of car development at Mercedes-Benz, told 7daysinDubai.