Durrat Marina Signs MOU with ART Marine at Bahrain International Boat Show

25 November 2011: Amongst the first agreements to be announced from the Bahrain International Boat Show comes from Durrat Marina, one of the Kingdom’s prime examples of marina lifestyle development. The project company signed a memorandum of understanding (MOU) with ART Marine, engaging their services as advisors for the project’s Marina development, management, and operations. The agreement cements expectations that Durrat Marina will be providing marina services that are in line with the most highly recognized international standards used for marina management. The signing, which took place on an ART Marine luxury yacht during the opening night of the Boat

Show, was attended by Mr. Waleed Saffy, CEO of Durrat Marina, Mr. Othman Janahi, the project’s Chief Investment Officer, Shaikh Hamad bin Rashid Al Khalifa, Shaikh Khalid bin Mohammed Al Khalifa, both Partners and Directors of ART Marine, as well as Mr. Bruno Meier, General Manager – Marinas of Art Marine. Speaking on the signing, Mr. Waleed Saffy said “Durrat Marina is intending to deliver on a new vision for a marina-based luxury development. Our project centers on the provision of a lively and distinctive area for water-based activities, and our marina development is at the very core of this. The marina will be able to berth over 400 boats ranging from 10m to 70m mega yachts. Clients will be able to enjoy a range of facilities and activities such as water sports, boat maintenance and servicing, service hangars, and dry boat parking, amongst others. Our MOU with ART Marine is to ensure that every step of the marina’s management and operations meets the highest international standards for operations and marina management.” From his side Shaikh Khaled Bin Mohammed Al Khalifa noted “we are very proud of the Durrat Marina project, and to have such an amazing marina managed by ART Marine makes us prouder. ART Marine’s knowledge in Marina development, management, and our network of Marinas will bring the local and international expertise to our market. We thank Durrat Marina’s management for their trust and are looking forward to operating this new landmark in the Kingdom.” Mr. Meier also added, “We are very excited to associate ourselves with Durrat Marina, a project we believe will fast become one of the most prestigious and desirable addresses in Bahrain. Our partnership with them allows us to associate with what we believe will be a new standard for marinas in the Kingdom. We look forward to seeing the project come to life.” As a seafront project, Durrat Marina brings together cosmopolitan living with a laid back yet vibrant lifestyle. Also up and coming on the project’s phase 1 of development are an exclusive set of seafacing villas, with up to 4 rooms, luxury serviced apartments, residential apartment blocks, a dedicated Yacht Club in close proximity to the marina, and a promenade with cafes and retail outlets.

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