QATARI DIAR buys Port Tarraco Marina in Tarragona, Spain

QATARI DIAR Real Estate Investment Company, an international leader in ...

QATARI DIAR buys Port Tarraco Marina in Tarragona, Spain

July 15, 2011

Written by Chelsea Smith

QATARI DIAR Real Estate Investment Company, an international leader in sustainable development, announced today the purchase of the Port Tarraco Marina in North Eastern Spain through its subsidiary Qatari Diar Marina Tarragona (QDMT).

QATARI DIAR buys Port Tarraco Marina in Tarragona, Spain

QATARI DIAR buys Port Tarraco Marina in Tarragona, Spain

The high-end Port Tarraco Marina is located in Tarragona, Spain, approximately 95km south of Barcelona, and will be one of the few existing marinas of its kind in the Western Mediterranean to offer deep water berthing for large sophisticated super yachts, mega yachts and giga yachts.

“We are thrilled to be investing in the western Mediterranean’s marina industry, one of the most mature in the world. With our international experience and the expertise of our world-class partners MB92, we expect the Port Tarraco Marina to become one of the top year-round marina destinations for yachts in Europe and the Mediterranean” said Eng.  Mohammed bin Ali Al Hedfa, Group CEO of QATARI DIAR.

Located on Spain’s Costa Dorada, or “Golden Coast,” the marina offers visitors a chance to explore the rich local Catalonian culture, visit the area’s many beaches, or travel to nearby mountains for hiking or skiing. The marina is positioned in close proximity to a large capacity airfield and is centrally located for immediate access to all major cruising grounds and destinations in the Western Mediterranean. It is exclusively designed to provide large yachts with the best possible services and facilities, and boasts an array of leading amenities and excellent accessibility.

QDMT is a joint venture between QATARI DIAR and MB92, a Barcelona based operator of marinas, with 95% representation by QATARI DIAR and 5% by MB92. The purchase was made from vendor International Marina Tarragona S.L., a Spanish marina operator.

Wholly owned by the Qatar Investment Authority, QATARI DIAR Real Estate Investment Company was established in December 2005 to support Qatar’s growing economy and to coordinate the countries real-estate development priorities. QATARI DIAR is currently involved in more than 35 projects in more than 20 countries around the world

About Marina Barcelona 92 (MB92):

Marina Barcelona 92 is a company fully dedicated to the yacht industry and provides service refit,  repair and maintenance works to more than 70 superyachts per year with overall lengths from 35 up to 180 metres.

The shipyard covers a surface area of 76,000m2 with the following facilities: a 2,000 ton Syncrolift®, a 210 metres Dry dock, a 125 metres paint shed, a 150 ton Travelift, docking repair quays with the capacity to berth 8 yachts up to 110 metres in length, a berthing repair area for six yachts up to 200 metres in length, and a 4,000 ton Syncrolift® which will be operable in 2013.

MB92 has commissioned Mourjan Marinas IGY to drive the global marketing effort and work alongside MB92 to provide Port Tarraco with a fresh injection of luxury marin

About Port Tarraco Marina:

– 64 berths for boats between 30 and 160 metres LOA

– 9 metres draught

– 140m length waiting dock

– Up to 1250 amp power outlets

– Electricity supply, fresh water, Internet, satellite

– CCTV and 24-hour surveillance

– Ship chandler

– Dedicated Customer Service

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