Tag: Marina
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Egyptian Developer Tatweer Misr launches 65-berth yacht marina in Ras El Hekma
Tatweer Misr has launched SALT Marina, the developer’s second property in Ras El Hekma, Egypt’s smart city megaproject. The 65-berth marina, representing $500 million (EGP 70 billion) in investment, has been developed to strengthen Egypt’s coastal tourism efforts. It is said to be the first interconnected coastal project by an Egyptian real estate developer. The…
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M3 Monaco and Raunautica partner together to strengthen Egypt’s yacht market
Marina management company Raunatica has announced a strategic partnership with M3 Monaco to promote the development of Egypt’s yacht tourism sector. The signed agreement, which took place at Monaco Yacht Club, sets its sights on marina development and long-term growth by supporting the enhancement of marina services and operational standards. It brings together Raunautica’s local…
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Oman’s Barka Marina begins operations as part of $143 million waterfront development
Oman’s first privately developed and operated fishing harbour, using a usufruct system, Barka Marina, has started phased operations. Located in the Wilayat of Barka, in the South Al Batinah governorate, the development is worth over 55 million Omani Rials ($143 million). Barka Marina falls under Oman’s Vision 2040, planning to turn fisheries into economic hubs…
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El Gouna announces new marina as part of Marina Island by Tuban El Gouna
Egypt’s Red Sea coast is primed for a new yacht marina. As part of Marina Island by Tubman, the coastal town will feature a waterfront district with a marina, alongside its residential offerings. El Gouna Red Sea, which is operated by Orascom Development Egypt, is Egypt’s largest marina operator, accommodating 600 berths. “El Gouna Red…
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Yas Marina receives “Superyacht Ready” accreditation, first in Abu Dhabi
Yas Marina, one of the Middle East’s biggest marinas, has affirmed its position as a leading luxury tourism hotspot after it was granted a “Superyacht Ready” designation by the Yacht Harbour Association (TYHA). The achievement, the first to be granted in Abu Dhabi, confirms that the marina holds up to international standards for superyachts in…
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IGY Marinas to serve Egypt’s $1 billion Il Monte Gala Project as Marina Advisor
Global operator IGY Marinas is expanding its Middle East presence with its appointment as Marina Advisor to the Il Mont Towers development. LONG READ: With Gulf Craft’s Superyacht Service Centre, Captain Patricia Caswell plans to make refitting in the Middle East the norm. [Maritime Observer Newsletter] This follows the announcement of the EGP 50 billion…
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Egypt to build 150-berth yacht marina as part of $1 Billion Development IL Monte Galala
Egypt’s state institutions and the private sector have joined forces to boost the country’s tourism offerings with the announcement of Il Mont Galala Towers and Marina project. Announced last week in Cairo by Tatweer Misr, the project’s lead developer, the mixed-use development, valued at $1.06 billion, will be situated in Ain Sokhna on the Western…
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Old Doha Port and Dubai Harbour Agree to Regional Partnership
Two leading maritime entities, positioned as major economic drivers for Qatar and the UAE, respectively, Old Doha Port and Dubai Harbour, have signed an agreement to advance the Gulf’s maritime ecosystem. Taking place during the Qatar Boat Show, hosted at Old Doha Port for the second edition, the signing ceremony marks a collaboration between two…
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RAK Properties Announce Raha Island Marina at Mina Al Arab in Ras Al Khaimah
A superyacht marina is coming to the UAE. At the International Real Estate Investment Summit, a new facility was announced for Ras al Khaimah’s Mina Al Arab. Located on Raha Island, the project plans to welcome a diverse range of pleasure vessels, including berthing facilities for superyachts. RAK Properties, the developer behind Raha Island, announced…
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Egypt’s Somabay Marina Set to Receive Major Upgrade
Red Sea destination Somabay has inked an agreement with engineering and construction firm EDECS to expand and upgrade Somabay Marina. According to the agreement, EDECS will oversee the implementation of Phase II of the project, which plans to expand the marina by 72,130 cubic meters. This will result in an increased berthing capacity of 260…
