GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

DP World subsidiary to work on chain of superyacht marinas in exclusive agreement with Ports of Monaco

Dubai, UAE, 08 May 2018: DP World Group subsidiary, P&O Marinas has announced an agreement with Monaco government owned Société Monegasque International Portuaire (SMIP) to work on selected marina projects in the Mediterranean and other locations around the world.

A Memorandum of Understanding (MoU) has been signed in Monaco to invest, develop and manage yachting destinations dedicated to superyachts. The agreement was signed by Mohammed Al Mannaei, CEO of P&O Marinas and Mr. Aleco Keusseoglou, Chairman of SMIP in the presence of Mr. Rado Antolovic, CEO & MD of P&O Maritime, Mr. Gian Battista Borea d'Olmo, Executive Director of SMIP, Ms Fabiana Maccarini, Research and Development Officer, P&O Marinas and Mr Daniel Realini, Technical Director of SMIP.

P & O Marinas manages the calm seaside “Mina Rashid Marina” project in Dubai. There are three phases; the first, which was launched last November, features 500 quays, and the other two, once finished, will be able to harbour 20,000 yachts. 

The new marina, which is called Marina Cube, is expected to be a new tourist maritime and entertainment attraction, stretching over 13 square kilometres, featuring a number of facilities, including an integrated entertainment city. 

Mohammed Al Mannaei, CEO - P&O Marinas & Executive Director - Mina Rashid said: “The marinas and superyachts market is a growing part of our business and we are building on Dubai's heritage and expertise in this sector having already established it as a centre for cruise and marina development following the wise vision and directives of our leadership. By partnering with SMIP, we will complement each other's experience to ensure the very best facilities feature high standards and innovative services that create long term sustainable value to clients, local communities and shareholders.”
Al Manaei pointed out the close cooperation with other authorities in the luxury yachts segment helps boost tourism and foreign investment in the emirate.  

Mr. Aleco Keusseoglou, Chairman of SMIP, said: “We are delighted to collaborate with P&O Marinas on the development of joint projects in the superyacht sector. Monaco is world famous superyacht destination and Dubai has established a global reputation for its own marina developments. We believe that by combining our forces with a global market provider we can expand our operations across the Mediterranean and further afield. Clients will benefit from the experience and combined resources that each company bestows.”



Posted by : GoDubai Editorial Team
Viewed 10260 times
Posted on : Tuesday, May 8, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Hormann Launches Additional Safety Features for DOBO System for Warehouses
Next Story : Investment in Human Capital and Business Innovation are Fundamentals for Business Success and Surviv...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Hackket's Bags of Style
Introducing the Swim and Beachwear Summer Collection from Marks & Spencer
Saint Honore
Chloé Launches The New Cloud-shaped “rosie” Sunglasses
VBQ-presskit-denim-70s Capsule
OMEGA Rocket Engine - Introducing the Master Chronometer Calibre 3861
From the Big Screen to Real Life: Tag Heuer Unveils New Monaco Limited Edition ...
Electricity Most Searched Fuel Energy Term Online in UAE
Ministry of State for FNC Affairs Launches Forum Titled ‘Political Empowerment i...
Jaguar Land Rover & Bmw Group Announce Collaboration for Next Generation Electri...
Britain's Greatest Test Driver, Norman Dewis Obe, Passes Away
Ferragramo Cuir
Aston Martin Produces First Cars at St Athan
BMW Group and Jaguar Land Rover announce collaboration for next-generation elect...
The Gucci Runway Makeup Looks for Cruise 2020
Certina DS PH200M collection'
Backseat battles: kids driving their parents to distraction – and danger on the ...
Kickstart your summer workout with Ibn Battuta Mall's free indoor family Fun Run
Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in j...
The Chaumet Garden of Earthly Delights
Choose the perfect fragrance this Father's Day with Rasasi
ZAAM Launches a spin on their iconic Polyhedron bag
Jaquet Droz Unveils Its 2019 Novelties at Dubai Mall
Happy Father's Day with Tonda 1950 Skeleton
The SS19 Exclusive Edit From Etoile “La Boutique''
Restoration by Parmigiani Fleurier
Hamilton present Ventura collection
Introducing the MK Beach Club Pieces
Eberhard & Co. Alfa Romeo Limited Edition'
Team Abu Dhabi award Cappellini new long-term contract
Celebrate Father's Day with Marks & Spencer
Forcepoint X-Labs Reveals How Cognitive Bias Leads to Reasoning Errors in Cybers...
La Grande Vie by Corum
Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector
Sharjah Department of Statistics and Community Development Calls on Citizens to ...
Aston Martin Ready to Race in the Spirit of '59 as It Honours 60th Anniversary L...
Lukoil Marine Lubricants strengthens its collaboration with KOTC
AMD and Samsung Announce Strategic Partnership in Ultra Low Power, High Performa...
DarkMatter Group Calls for Improved Vigilance as UAE's Cyber-threat Landscape Re...
Schneider Electric Improves Flexibility & Energy Savings with Extended Line of P...
Starbucks carves out giant sand sculpture at La Mer
Al-Futtaim Lexus launches the innovative Rewards by Lexus Prepaid Card
Add a touch of gold to your skincare regimen for glowing results
Leo Burnett MEA Wins Bee'ah Creative Contract
At Infocomm LG Impresses With New Business Solutions Innovations Led by Micro Le...
A year on the road: Saudi Women Create First Women's Car Club in the Kingdom
Musabih heads Dubai Customs delegation to WCO IT/TI Conference & Exhibition in A...
Eid Ul Fitr sales overnight a success
HP Opens New 150,000 Square Foot 3D Printing and Digital Manufacturing Center ...
Nissan shares vision for future mobility at CES Asia 2019