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Marina boom will bring 1,500 jobs to Dubai

Up to 1,500 new jobs will be created in Dubai over the next five years as the emirate's marina development industry continues to grow, fuelled by the bouyant property market.

That's the prediction of bosses at Island Global Yachting (IGY), the luxury marina developer and management company, which says the city will be home to more than 20,000 berths by 2013.
IGY currently has 24 marinas under management and development worldwide, with a further six planned in the longer term.

But the 200 percent increase in planned berths on current numbers in Dubai will also lead to the creation of more than 1,500 jobs within IGY’s operations in Dubai alone, say company chiefs.

Michael Horrigan, CEO of IGY Middle East and Europe said: “The Middle East is experiencing an explosion in the number of berths as a response to the boom in the region’s property market.

"Dubai has always been a city with a strong maritime heritage but with the creation of some of the world’s most unique waterfront developments, the city now appeals to a new market; the international yachting community.”

IGY opened its Dubai office in 2006 and quickly formed a strategic partnership with Nakheel to design, build and manage the marinas on all of Nakheel’s waterfront developments.

In 2007, IGY opened Festival Marina in Dubai at Al Futtaim’s Dubai Festival City.

Also within the company’s portfolio is Anchor Marina – a 590 berth facility for private yachts between 10–30 metres, due to open in December.

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