Tag: UAE
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CVC agrees to €1 billion sale of marina operator D-Marin to French private equity firm
One of the largest marina portfolios in the Middle East and Europe is changing hands after CVC Capital Partners has moved forward with the sale of D-Marin to French private equity firm InfraVia Capital Partners. D-Marin operates 28 facilities in nine countries. Its customer base totals 50,000, with over 14,300 berths. In its time under…
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Dubai Maritime Authority introduces 24-hour yacht-marina transfer service
The Ports, Customs and Free Zone Corporation has launched “Dubai Sea Guests Pick-Up and Drop-Off,” a 24-hour service designed to fast track passenger transfers between marinas and private yachts. The Dubai Maritime Authority, seeking to enhance the state’s leisure marine services, extended this initiative to local and foreign flagged yachts which hold a permit to…
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ENATA Group announces $20 million manufacturing facility; to be built in Abu Dhabi
The UAE-based ENATA Group is expanding its operations to Abu Dhabi, announcing an upcoming marine facility in partnership with Ajyal Holding. The company, known for building the 10-meter carbon yacht Spirit, has invested $20 million for the outpost, which will be constructed on the new 100,00 plot. The manufacturing complex, which includes 200 meters of…
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ORA Developers appoints AtkinsRéalis to master plan waterfront project BAYN
Global real estate company ORA Developers has announced engineering and design firm AtkinsRéalis as its choice to masterplan the upcoming waterfront community Y Views at BAYN, a new development in the UAE’s Ghantoot. The Canada-headquartered consultancy will oversee the master planning, infrastructure, and public realm design services for the project. Bayn, part of the 4.8…
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Ras Al Khaimah’s Al Rams transformed into a Water Destination; development of marina
Al Rams, a coastal development in the UAE’s Ras Al Khaimah, is set to receive a major upgrade project, the Emirates Council for Balanced Development has announced. The first of two projects, Al Rams Waterfront, features the development of Al Rams Marina and Al Rams Corniche. This development falls as part of a broader effort…
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Gulf Craft Previews Majesty 145 ahead of delivery; starts sea trials
UAE-based shipyard Gulf Craft presented a preview of the Majesty 145 at Umm Al Quwain ahead of the vessel’s handover to its new owners. READ: Gulf Craft enters 40-meter yacht market with the launch of Majesty 145 The first hull of the yacht, christened Suzie Q, continues the yacht’s expansion into the 40-50 meter market,…
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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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ORA Developers announce 204-berth marina in UAE’s Ghantoot community
Global real estate firm ORA Developers is introducing a new yacht marina to the UAE as part of Y Views at Bayn. The project, located within the 4.8 million-square-meter Bayn master in the luxury area of Ghantoot, sits in a strategic position between Dubai and Abu Dhabi. Alongside a 204-berth marina, the facility boasts 1.2…
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UAE yacht firm OceanWorld acquires stake in Italian shipyard Wider
In the next phase of its growth, Italian yacht builder Wider has announced a new capital increase and shareholder. The UAE-based OceanWorld Group has acquired a stake in the holding company Wider Luxembourg S.à.r.l. to establish a strategic partnership with it. The agreement, with its planned gradual entry, was signed in 2019, finalized through a…
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Gulf Craft enters 40-meter yacht market with the launch of Majesty 145
UAE-based builder Gulf Craft has pivoted to the 40-meter segment with the launch of the Majesty 145. With design by Cristiano Gatto, in collaboration with the yard’s in-house design arm, the Majesty 145 joins the Majesty 175 and Majesty 160 in yachts above 40 meters. The Majesty 160 is set to launch in late 2027. …
