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Al Seer Marine, MB92 and P&O Marinas have partnered to create the world’s leading refit shipyard in the Gulf…
Purcell Marines, MB92 Group and P&O Terminal It has been announced that they have signed a memorandum of understanding to establish a joint venture to develop the first dedicated superyacht refit and repair facility in the UAE (Dubai). Construction of the shipyard is scheduled to be completed in 2026, and the joint venture will provide superyacht repair and refit services from next year, 2023, as the start of the strategic plan.
Al Seer Marine has been looking to develop a world-class superyacht service centre and refit shipyard in the UAE since 2019, and after discussions with P&O Marinas in Dubai, they believe they have found the perfect strategic partner to realise the project. Now with MB92 Group as the third partner and the shipyard’s selected operator, this new facility will help provide another migration model for superyachts.
Jean-Marc Bolinger, CEO of MB92 Group, commented: “Creating a world-class refit shipyard from scratch in this dynamic hub of Dubai and the Gulf is a very exciting and unique opportunity for our Group . has been on our strategic agenda for many years. This will allow us to expand the reach of our first-class facilities and provide our clients in the region with the same level of service they receive and expect in Barcelona and La Ciotat and support. We look forward to presenting the details of this exciting joint venture to our key stakeholders in the coming months.”
For those interested in learning more about the latest developments in the UAE, be sure to visit Monaco Yacht Club On Thursday, September 29, our Chairman and Editor-in-Chief, Martin Redmayne, will host an evening event themed on superyachts in the Gulf. The event, which begins at 17:00, will include a question-and-answer session and the opportunity to network with VIPs from across the region.
Gunther Alvarado, Chief Operating Officer of Al Seer Marine, said: “Leading this strong partnership is part of Al Seer Marine’s overall investment strategy and vision for the Gulf region, where we will own and operate some of the most complex superyachts, We will have world-class facilities with leading suppliers and subcontractors who can meet their requirements.”
Of course, this is hugely good news for the superyacht industry as a whole, but the events highlighted above are not the only exciting opportunities in the MYS Gulf. Once built, the Gulf may be as popular for superyachts as regions like the Caribbean. And if you’re really a yachting stakeholder who loves the dunes and salty air, you’ll have the chance to race, and when you race, you’ll have the chance to win the Dubai Yachting Grand Prix and Abu Dhabi Formula 1 All inclusive tour. Visit the UAE booth PP75.
Commenting on the potential of yachting in the region, Hamza Mustafa, COO of P&O Marinas, said: “The UAE is an ideal location to serve the growing number of superyacht owners in the Gulf. Over the years, Dubai has built a number of high-end marinas through the And rose to fame as the premier destination for luxury yachts. We have taken care of some of the most exclusive and advanced yachts at Mina Rashid Marina. With the development of new service centers and refit yards, UAE and Dubai serve as a hub for yacht owners will be more attractive.”
As always, the Superyacht Group will be at the forefront of any exciting announcements regarding the development of the UAE’s superyacht infrastructure.To ensure you stay up-to-date with the latest news and gain unparalleled insight into this season’s top MYS events, be sure to register as Important members here…
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