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 5844 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
Global brands with lowest cost at Karama Ware house sale from this Thursday [30866-Views]
Glam's Makeup Launches in the Middle East [17129-Views]
Review: Facial with Dr Renaud's range at Nazih [16488-Views]
Glasshouse Collection from Olivia Burton [15470-Views]
Hour Choice presents Coach New York Collection [12767-Views]
Prevention, Not Cure: Kaya's ‘Hair Strength Therapies' Set to Rid the Gulf of its Hair Pro... [12542-Views]
Matthew Fitzpatrick Wins the 2018 Omega European Masters [11242-Views]
Executive Tourbillon Free Wheel [11139-Views]
Introducing New Make-up From Rodial That You Need In Your Kit [10962-Views]
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty [10742-Views]
Rado reimagines a bold 1960s classic for the 21st Century [8814-Views]
Scuderia Ferrari presents Fall winter collection [8662-Views]
Kate Spade New York Presents Debut Collection From Creative Director Nicola Glass at the ... [7906-Views]
Introducing VK Beauty Lounge & Bar [7637-Views]
Alina Anwar Couture Launches in UAE [7168-Views]
Introducing Home Fragrance at Robinsons, Dubai Festival City [7131-Views]
Rolls-Royce Motor Cars Takes the Luxury of Privacy to a New Level [6551-Views]
British Classics Make a Comeback in Jack Wills AW18 Collections [6521-Views]
Tata Communications Strengthens Cyber Defence in the Middle East with the Launch of its Cy... [6515-Views]
Facebook Launches Community Help on Facebook Lite [6405-Views]
NARS Erdem SS19 Beauty Report [6130-Views]
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabbana Collect... [6002-Views]
Dubai Culture Organises ‘Writing Literature Novels and Editing them as Play Scripts' as pa... [5917-Views]
Roberto Cavalli's Exclusive Duo of Fragrances [5789-Views]
Defying Age With Skin Republic's Gold and Platinum Face Masks [5630-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories