P&O Marinas, which was set up in 2017, has ambitious plans to develop a global marina network serving superyachts working from its base in Dubai and expanding initially into the Mediterranean.
“P&O Marinas wants to become a global force in marinas,” Captain Rado Antolovic, CEO and managing director of the Maritime Services Division of DP World, told IBI during the recent Dubai International Superyacht Summit. P&O Marinas is one of the five arms of the Maritime Services Division. The others are P&O Maritime, P&O Ports, Drydocks World and Dubai Maritime City (DMC).
Fabiana Maccarini, P&O Marina’s R&D manager, added to this, commenting: “P&O Marinas is ready to look overseas. The strategy is to be recognised as a leading global operator and to develop and operate worldwide yachting destinations, transforming ports and marinas into value-added hospitality businesses, which follow P&O Marinas yachting standards.”
P&O Marinas has a 51:49% joint venture with IGY Marinas, which is active with a new superyacht marina development at Sete in the South of France. This will be completed next year and will offer 12 berths for superyachts up to 120m (394ft). The agreement for this project still has to be signed, but local issues have delayed this.
An IGY spokesman told IBI: “We are working on a plan B which has been suggested by the port authority and this will likely all be agreed within a couple of months.”
What appears not to be decided is whether this joint venture will go on to share other projects. Antonlovic told IBI that the company is actively looking at projects in Italy, Spain and Croatia as part of its expansion plans.
In Dubai, P&O Marinas operates five marinas which total some 1,150 berths either completed or planned.
This portfolio includes a number of marina facilities previously operated by the Port, Customs & Free Trade Zone Corporation (PCFC) and the management of these was taken over in December last year. P&O Marinas currently has a workforce of 60, but this is expected to grow to 80 by the end of this year.