Aston Martin will Debut its First Production V12 Zagato at the Kuwait Concours d’ Elegance in February.

The Concours d’Elegance, in its third year, is the only event of its type in the Middle East.

Aston Martin says it will build no more than 150 V12 Zagato sports cars, which come with a price tag of more than $500,000 and are powered by 520-horsepower V12 engines.

The limited-production V12 Zagato (150 cars maximum) will make its first customer deliveries in late 2012.

Carrying on the partnership between Aston Martin and Zagato that started over 50 years ago with the DB4 GT Zagato, the V12 Zagato, hand-assembled at the company’s global headquarters in Gaydon, England, is based on the V12 Vantage and features a hand-crafted aluminum and carbon-fibre body along with a bespoke interior. Powering the sports car is a 6.0-litre V12 engine producing 510 horsepower and 420 pound-feet of torque.

First seen in prototype form at last year’s Villa D’Este Concours on Lake Como, Italy, the V12 Zagato was awarded the coveted Design Award for the concept and prototypes class. Just a week later, the car made its racing debut at the gruelling Nürburgring 24 Hour race.

Following “extremely positive initial customer reaction,” says Aston Martin, the V12 Zagato is being offered for sale at £330,000 ($520,000).