New $22m yacht and shipyard to open in Qatar
A new yacht and shipyard is to open in Qatar, after an agreement was signed between shipping and logistics solutions provider Qatar Navigation Q.P.S.C. (Milaha) and Qatar Free Zones Authority (QFZ).
The new Milaha Yachts and Ships Yard development will open at the Marsa Port within Qatar’s Umm Alhoul Free Zone.
The facility will cover 22,000 square metres and include two covered sheds, three workshops and an open yard to support services in yacht and naval ship maintenance, repairs and modifications. Positioned at Marsa Port, the facility will focus on generating employment opportunities and attracting Qatari talent to strengthen Qatar’s role as a global maritime hub.
The agreement was signed during the inaugural Qatar Boat Show, held in Doha from 6-9 November 2024. Qatar’s Minister of Transport, Jassim Saif Ahmed Al-Sulaiti, and other officials present. Sheikh Mohammed Al-Thani, CEO of QFZ, and Fahad Bin Saad Al-Qahtani, group CEO of Milaha, formalised the deal, which is aimed at establishing the yard as a key player in maritime services.
“This important agreement…underscores our efforts to contribute to the development of Qatar’s maritime sector by fostering innovation and creating new investment opportunities in the region,” says Al-Thani of QFZ. “We are working to develop Marsa Port at an accelerated pace and aim to achieve multiple milestones in the near future as part of our commitment to enhancing the infrastructure in our free zones.
He adds: “We are confident that these steps will create an attractive investment ecosystem that will not only boost opportunities in the maritime industry and yacht tourism but also promote sustainable economic growth.
“This will highlight Qatar’s position as a preferred destination for international maritime companies and as a unique regional hub that supports growth and expansion throughout the Middle East”.
The Marsa Port is 20 minutes from the Qatari capital, Doha. The port has a 7.5-metre draught, and a Synchro Lift that can accommodate vessels over 70 metres and up to 2,200 tonnes. A travel lift will handle boats up to 30 metres and 300 tonnes.
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