Al Seer Marine, MB92 Group and P&O Marinas announce today that they have signed a memorandum of understanding to form a joint venture to develop Dubai’s first dedicated superyacht refit and repair facility. This new, high-capacity shipyard will provide superyacht owners with a world-class custom refit service in the Gulf, the first of its kind in the region.Construction of the shipyard is expected to be completed 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 seeking to develop a world-class superyacht service center and shipyard refit in the UAE since 2019 and, after discussions with P&O Marinas in Dubai, has found the perfect strategic partner to deliver the project. Now with MB92 Group as the shipyard’s third partner and chosen operator, this new facility will provide the unrivaled quality of service that customers in the region need.Photo: Tom van Oossanen/SuperYacht Times
Gunther Alvarado, COO of Al Seer Marine, said: “Leading this powerful partnership is part of Al Seer Marine’s overall investment strategy and vision for the Gulf region, with some of the superyachts most complex owned and operated in the region, we will have a world-class facility with top-tier suppliers and contractors to meet their needs. »
Hamza Mustafa, COO of P&O Marinas, a DP World company, said: “The UAE is the perfect location to service the growing number of superyacht owners in the Gulf region. Dubai has developed over the years its reputation as a destination of choice for luxury yachting with the creation of several high-end marinas. We already take care of some of the most exclusive and advanced yachts at Mina Rashid Marina. With the development of a new service center and a refit shipyard, the offer of the UAE and Dubai as a hub for yacht owners will be even more attractive.
Jean-Marc Bolinger, CEO of MB92 Group, added: “Creating a world-class refit shipyard from scratch, in the dynamic center of Dubai and the Gulf, represents a very exciting and unique opportunity for our group, which has been on our strategic strategy. program for several years. This will allow us to extend the footprint of our first class facilities and provide our customers in the region with the same level of service and support receptions and expectations 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. »
The three companies will be present at the Gulf Superyacht Summit on November 9 and 10, organized by SuperYacht Times. You can find more information about the summit here: www.gulfsuperyachtsummit.com