10-01-2009, 01:25 AM
YF News Associate
Join Date: Mar 2006
Al Suwaiket Group (KSA) and Trinity Yachts (USA) form partnership
Earlier this year, the Al Suwaiket Group and Trinity Yachts formed a partnership. For more on this, see below.
Al Suwaiket Group (KSA) and Trinity Yachts (USA) announced the formation of a partnership at the 2009 Dubai International Boat show. Their Joint venture shall be based in Dubai under the name of International Yacht Collection Middle East. It will cover the GCC, Middle East and North African countries. The Dubai based company will use experienced professionals to offer it's clients the entire range of yachting services: new construction, yacht management, repairs, brokerage, charter management, retail charter, and crew placement. |
Al Suwaiket Group is a leading diversified business group based in Saudi Arabia working in different fields of activities such as oil & gas, metal & process equipment fabrication, design, construction, food, catering services, meat & vegetable processing, agriculture, furniture, real estate, education, finance, travel & tourism.
"The GCC is an emerging market that will become increasingly important for mega-yachts as evidenced by the increase in marina berths and facilities for mega-yachts" said John Dane, President and CEO of Trinity Yachts.
"Discerning clients, seeking yachts whether for charter or as owners, require that a First Class Experience be available and that can only come from experienced yacht managements Companies such as IYC", commented Sh. Mubarak Al Suwaiket, President and Chairman of Al Suwaiket group.
Trinity Yachts operates 2 modern shipyards: one in New Orleans, Louisiana and one in Gulfport, Mississippi capable of building custom superyachts up to over 100 metres. Trinity is ranked by "Showboats International" magazine as the "Number One builder of custom yachts in the world according to linear feet under production". Trinity currently has 19 yachts under contract, 6 of which are being built for repeat clients. Trinity will deliver a 50 meter yacht to Dubai in the 3rd quarter of 2009 with an additional two mega-yachts scheduled for delivery within 20 months to Dubai as well.
International Yacht Collection is a global, full service yachting services company providing brokerage, retail charter, charter management, yacht management and crew placement from its headquarters in Fort Lauderdale, Florida, as well as from offices in Monaco; Nassau, Bahamas; Newport, RI; Palm Beach and Saint Maarten.