Middle East yacht builder Gulf Craft has signed a Memorandum of Understanding (MoU) with the Higher Colleges of Technology to develop avenues for the training and education of the UAE’s future maritime professionals. The agreement was signed at this year’s Dubai International Boat Show.
The agreement, signed in the presence of His Highness Sheikh Saif bin Zayed Al Nahyan, UAE Minister of Interior and Deputy Prime Minister, will see Gulf Craft provide a number of scholarships for HCT students studying Maritime Engineering and Naval Architecture, as well as provide work placement opportunities.
In addition, other key agreements that took place at this year’s show include the MoU between marina specialist ART Marine and the Kleindienst Group to develop six marinas within the ‘Heart of Europe’ resorts complex which is being developed in The World at Dubai.
The resorts will be spread across six islands representing Sweden, Monaco, Austria, Germany, Switzerland and St Petersburg and will only be accessible by water, so boats and yachts will be integral to the $850m project.
Those purchasing a sizeable property at The Heart of Europe will receive a Riva ISEO runabout, valued at around AED1.2m, as part of the overall sales package. ART Marine is the local dealer for the Italian yacht brand.