P&O Marinas, PYM pen deal to develop Mina Rashid Marina
The plan calls for Mina Rashid Marina to become a premier superyacht destination in the region
UAE-based P&O Marinas has signed a new strategic collaboration with Pindar Yacht Management FZE (PYM) to develop a water sports academy, recreation club, exhibition space and other marine facilities in Mina Rashid Marina.
As part of the agreement, PYM will support the effort to turn the P&O Marinas facility into a world-class recreational hub, as well as organise sailing and promotional activities using its two Volvo ocean race yachts.
The yachts, Marina and Marina, will be moored at Mina Rashid Marina.
“The partnership between P&O Marinas and Pindar Yacht Management set the stage for the next phase in the development of Mina Rashid Marina, and provides a boost to our ongoing work of transforming it into the region’s largest and best superyacht destination,” said Mohammed Al Mannaei, CEO of P&O Marinas and executive director of Mina Rashid.
“We are confident that Mina Rashid Marina will continue to grow in a post-pandemic scenario, as Dubai, the region and the UAE begin gathering momentum for economic recovery,” he added. “Our partnership with Pindar Yacht Management is designed to contribute to Dubai’s future plans to position itself as the leading marine leisure hub for the region.”
In a statement, P&O said it is currently revising the calendar of sailing events for the year. No further details were given.