By Thomas Shambler
Tenders for the project will be invited soon, with the first phase is scheduled to be open by 2018
DP World has unveiled designs for its new 'Port Rashid Marina' project.
The plan was announced during a visit of Sheikh Mohammed bin Rashid to the pavilion of Customs and Free Zone Corporation in Dubai. Mohammed Al Mannaei, Director of Mina Rashid DP World, explained this project comes in response to an increased demand for luxury yachts.
Tenders for the project will be invited soon. The first phase is scheduled to be open by 2018. Phase 1 will hold more than 400 boats and sailing yachts, with lengths between 15 and 35-metres. The second phase will be for luxury yachts, and able to accommodate berths of more than 100-metres.
Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation and Chairman of the Dubai Ports World, said, "the corporation will develop Port Rashid Marina as an integral part of its commitment to supporting the diversification of the economy of the UAE. He later added the project was a key part of the Dubai 2021 plan and will become a part of Dubai's luxury holiday and marine tourism industry.
Fabmar Middle East, a Dubai-based consulting firm, points to growing demand in the market for space and facilities for mooring luxury yachts. Space for superyachts - those with over 100-metre long berth - is even more challenging to find. A feasibility study conducted by Fabmar showed the superyacht category represents the largest demand, across the Arab Gulf region, Africa, Europe and Asia.