Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
P&O Marinas Partners with Monaco for Projects in Mediterranean and Worldwide
 
P&O Marinas Partners with Monaco for Projects in Mediterranean and Worldwide

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 : Dubai PR Network Editorial Team
Viewed 8680 times
PR Category : Banking & Investments
Posted on : Tuesday, May 8, 2018  5:04:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Hormann Launches Additional Safety Features for DOBO System ...
Next Story : Investment in Human Capital and Business Innovation are Fund...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift [15439-Views]
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks [15311-Views]
Mesmerizing Gift Sets and Perfume for Her [14268-Views]
Classic Smoky Eyes with Essence [12908-Views]
Introducing Supergirl Make-Up [12786-Views]
The Rado HyperChrome Ultra Light [12377-Views]
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators [11828-Views]
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February [10901-Views]
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And Hamilton a... [10840-Views]
The Valentine watch collection by Coach [10638-Views]
GUESS Launches JEANS SS19 Collection for Women [10431-Views]
212 VIP Extra Limited Edition [10065-Views]
NuFACE launches in Bloomingdales and Harvey Nichols! [7405-Views]
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based, as-a-serv... [7228-Views]
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic collectio... [6637-Views]
The Fall 2019 Michael Kors Collection Runway Show [6582-Views]
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, before moving... [6442-Views]
Dubai's first building biologist receives global recognition [6277-Views]
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe First Edition [5508-Views]
Robinsons to launch its new luxury lighting department – the latest addition to its premiu... [5264-Views]
UAE supermarket chain Al Maya group to launch products from Woolworths Australia [5246-Views]
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders [5240-Views]
Is the runway ready for HONOR View20 Moschino edition - the season's most coveted luxe tec... [5234-Views]
Caroline Wozniacki chasing more success at Dubai Duty Free tennis championships [5228-Views]
Valentines Day Gift Guide from Anker [5179-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories