Dubai is poised to become a global capital for luxury yacht marinas as it continues to attract international companies to invest in the vital sector and capitalize on its growth opportunities, locally and regionally.
In partnership with Dubai Holding, Meraas has signed an agreement with D-Marin, operator of the largest chain of marinas in the Eastern Mediterranean in six major international destinations, to attract international investments in the yacht sector and various supporting sectors and 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 of Meraas and Chairman of Dubai Holding, and Ferit Sahenk, Chairman of the Dogus Group, the parent company of D-Marin. It reflects a commitment by Meraas and Dubai Holding to contribute to the diversification and growth of Dubai’s economy and enhance its position as a major holiday and luxury marine tourism destination in the region and the world.
Courtesy of D-Marin
This move is in line with the sustained efforts of Meraas and Dubai Holding to realise the Dubai Plan 2021 to diversify the UAE’s economy and promote its sustainable growth through increasing the contribution to GDP of vital sectors such as tourism and related activities, including luxury yachting and maritime transportation. In doing so, the companies seek to boost Dubai’s status as one of the top five global tourism, trade, transport and finance hubs.”
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.