Drydocks World to be part of super-yacht marina project in Montenegro
Sultan Bin Sulayem, Chairman and CEO of DP World, and Mohammed Al Shaibani, Chairman of Adriatic Marinas, sign off on new project for Drydocks World.
The Dubai Government owned Drydocks World will take on a role in the redevelopment of a former shipyard site in Montenegro. The transformation of the Bijela Shipyard, Boka Bay will be completed over a 36-month period and will see it evolve into a superyacht repair and refit facility.
“Drydocks World has played a key role in Dubai’s growth story, becoming a hub for the maritime industry in the Middle East” said in a statement Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
The project came about after Group Adriatic Marinas – jointly owned by Investment Corporation of Dubai and Damen of the Netherlands – agreed that Damen’s role in the shipyard redevelopment will be taken over by Drydocks World. Group Adriatic Marinas specialises in development and operations of marinas that can host superyachts.
“This partnership will ensure the Bijela Shipyard can be rapidly regenerated. I am proud that Drydocks World, which has continuously and consistently delivered prestigious global projects, will be front and centre in this strategic development for Montenegro”said Bin Sulayem.
Adriatic Marinas Chairman Mohammed Al Shaibani, said: “This exciting project will not only regenerate the shipyard at Bijela but the whole marine engineering industry, and bring back to life the long and proud maritime history of Montenegro. Together we will reposition Bijela to become one of the Mediterranean’s leading superyacht repair and refit facilities.”
Bijela, Herceg Novi, is the historic homeland of marine engineering in Montenegro and with this Yard redevelopment, the region will once again bring the country’s renowned sector skills to the Mediterranean marine market.
In addition to the yacht service center, the consortium plans to establish a skills academy at Bijela to develop future generations of Montenegrin marine engineers. The skills academy will partner with the already established Superyacht Operations Training Academy at Porto Montenegro, which has been created in partnership with world leader in maritime training, Warsash Maritime Academy from the UK.
“By forging a consortium of this nature between Adriatic Marinas and Drydocks World, we are bringing together the considerable combined resources and expertise to develop a world-class facility in Montenegro which will support the economy of the country.
This partnership will ensure the Bijela Shipyard can be rapidly regenerated. I am proud that Drydocks World, which has continuously and consistently delivered prestigious global projects, will be front and centre in this strategic development for Montenegro”.