Al Seer Marine, MB92 Group and P&O Marinas have announced that they have signed a memorandum of understanding in view of setting up a joint venture to develop the first dedicated superyacht refit and repair facility in the UAE (Dubai). The shipyard construction is scheduled for completion in 2026, with the joint venture offering its superyacht repair and refit services from next year in 2023, as the start of this 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 chosen operator of the shipyard, this new facility will help to provide an alternative migration pattern for superyachts.

Jean-Marc Bolinger, CEO of MB92 Group, commented on the venture, “Creating a world-class refit shipyard from scratch, in the dynamic hub of Dubai and the Gulf, represents a very exciting and unique opportunity for our Group, which has been on our strategic agenda for several years. It will enable us to expand the footprint of our first-class facilities and provide our clients in the region with the same level of service and support they receive and expect in Barcelona and La Ciotat. We look forward to presenting the details of this exciting joint venture to our key stakeholders in the coming months.”

For those interested in finding out more about the latest developments in the UAE, be sure to head to the Yacht Club De Monaco on Thursday the 29th of September where our Chairman and Editor in Chief Martin Redmayne will be hosting an evening event themed around Superyachts in the Gulf. The event begins at 17:00 and will include opportunities for a Q&A and to network with VIP guests from the region. 

Gunther Alvarado, Chief Operating Officer of Al Seer Marine noted that, “Leading this powerful partnership is part of Al Seer Marine’s overall investment strategy and vision for the Gulf Region, with some of the most complex superyachts owned and operated in the region, we will have a world class facility with leading suppliers and subcontractors, that will serve their requirements.”

This is, of course, a massive piece of good news for the entire superyacht industry, but the event highlighted above is not the only exciting opportunity centred around the gulf at MYS. Once construction is complete, the Gulf could potentially be just as popular with superyachts as regions such as the Caribbean. And, if you are indeed a yachting stakeholder who is fond of sand dunes and salty air, you will have the opportunity to enter a competition with the prize of winning an all inclusive trip to the Dubai Sail GP and Formula 1 in Abu Dhabi when you visit the UAE stand in PP75.

 

 

 

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Speaking on the potential for yachting in the region, Hamza Mustafa, Chief Operating Officer of P&O Marinas, said, “The UAE is the ideal location to service the Gulf region’s growing number of superyacht owners. Dubai has developed its reputation over the years as a top destination for luxury yachting with the creation of several high-end marinas. We already look after some of the most exclusive and advanced yachts at Mina Rashid Marina. With the development of a new service centre and refit shipyard, the UAE and Dubai’s offering as a hub for yacht owners will be even more attractive.”

As always, The Superyacht Group will be at the very forefront of any exciting announcements regarding superyacht infrastructure development in the UAE. To be sure to stay up to date with the latest news and gain unrivalled insight into the top events at MYS this season be sure to sign up as an Essential Member here…

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Al Seer Marine

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