Dubai Maritime City, Vitmar Yachts Sign Manufacturing Lease Agreement (UAE)

Dubai Maritime City, a world class facility providing maritime services, signed a Yacht Manufacturing Workshop Lease Agreement with Vitmar Yachts, a custom made luxury motor yachts manufacturer, for property within its’ Marine District. The Agreement was signed by Khamis Juma Buamim, Chairman of Drydocks World and Sheikh Tariq Al Khalifa, President of Vitmar.

“We are delighted to have reached this agreement with Vitmar as this would provide an impetus to our focus on catapulting the region on to the global yacht building map. The region can be a cost effective alternative to the European locations as we have the skill and the technical capability to build super-yachts, which can compete with the best in the world,” said Mr. Buamim.

Vitmar Yachts is a new brand founded by Sheikh Tariq Al Khalifa, President and Antonio Amatuzzo, CEO with the cooperation of well-known Italian designers and craft makers, and the yachts will be assembled at their workshop in Dubai Maritime City. Vitmar Yachts will produce yachts ranging from 35 to 72 meters in length.

Dubai Maritime City, March 13, 2013

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