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Yacht Manufacturing Lease Agreement between Dubai Maritime City and Vitmar Yachts

March 13, 2013

Written by Zuzana Bednarova

The Yacht Manufacturing Workshop Lease Agreement has been signed between Dubai Maritime City (DMC), a world class facility offering maritime services, and Vitmar Yachts, a custom made luxury motor yacht builder, for property within the DMC’s Marine District. The Agreement was signed by Kham is Jum a Buam im, Chairman of Drydocks World and Sheik Tariq Al Khalifa, President of Vitmar.

Dubai Maritime City (DMC)

Dubai Maritime City (DMC)

“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 Buam im.

Vitmar Yachts is a new brand founded by Sheikh Tariq Al Kahlifa, 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.