Dubai set to become global capital for luxury yachts marinas

In partnership with Dubai Holding, Meraas has signed an agreement with D-Marin to attract international investments in the yacht sector and various supporting sectors to promote Dubai as the preferred destination for luxury yachting and boating internationally.  The joint venture agreement was signed at MB92 premises in Barcelona by His Excellency Abdulla Al Habbai, Group Chairman, Meraas and Chairman, Dubai Holding; and Ferit Şahenk, Chairman, Doğuş Group.
The newly-established joint venture will manage and operate the existing and future marinas being developed by Meraas and Dubai Holding, including marinas in Port de la Mer, Dubai Harbour and Jumeirah Beach Hotel. The partnership seeks to also establish a regional centre with global standard for renovation, service and maintenance of luxury yachts and boats in Dubai, similar to D-Marin backed MB92, which is currently serviced by branches in Barcelona, Spain and La Ciotat, France.
Al Habbai said, “The success of the two companies in attracting a global operator such as D-Marin to invest in the luxury marinas sector is aligned to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, the UAE and Ruler, Dubai, to promote Dubai as a leading international tourist destination and position the UAE at the forefront of world’s most business-friendly countries. This agreement will contribute to attracting new foreign investment to Dubai, which has high rates of direct investment growth in high value sectors.”