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May Jun 2015 Marina World

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No Substitute For Excellence THE WORLD’S MOST COMPREHENSIVE MARINA BUILDER C: 0 M: 0 Y: 0 K: 70 Pantone 295 CVC C: 0 M: 0 Y: 0 K: 100 Pantone DS 214-2 C bellingham-marine.com

WORLD NEWS MOU signed to develop world class marina THE MALDIVES: SilverCent Private, a company that specialises in sourcing foreign investment for tourism projects in the Maldives, has signed an MOU with Dubai-based ART Marine to develop a world class marina. ART Marine will be supporting and advising SilverCent during the development phase and, upon completion, will become the operator and manager of the new marina. The facility will be designed by famous Italian architect Giancarlo Zema who will create a marina that is totally integrated with the Maldavian culture and the sea. Ahmed Zuhair, managing director of SilverCent, says: “Our country is mostly water and the economy is mainly driven South Basin receives green light BERMUDA: According to The Royal Gazette, the Ministry of Economic Development has approved plans for the South Basin Marina at the Royal Naval Dockyard. The new facility will play a major role in the 2017 America’s Cup Event Village. The application was submitted last December by South Basin Development and backed by the West End Development Corporation that is responsible for enhancing and promoting the dockyard site as a leisure and tourism attraction. Plans cover ten acres of land to be reclaimed inside the southeastern corner of the existing breakwater to create an island. A boatyard with multiple drystacks, two parking areas, a 68-berth marina, marina offices and other buildings are mooted. Tenders will soon be invited. by tourism. The Maldives is becoming a popular destination for the yachtsman and every year we welcome hundreds of luxury superyachts. As a result, and in order to provide an ultimate tourism experience, we need to cater for the yachts arriving in the country.” He notes that the lack of marinas has been a drawback for the tourism industry. “We are confident that our partnership with ART Marine will yield fruitful results,” he adds. Superyacht plan awaits approval GIBRALTAR: The Development and Planning Commission is just weeks away from finalising its decision on a proposed project for superyacht berths and short stay/rental apartments at Ocean Village. Karen Houston, business and development manager for Ocean Village, says: “According to the 2015 Superyacht Intelligence Annual Report, 70% of superyachts are connected to the Mediterranean with the majority doing the traditional Med- Caribbean ‘milk run’. This ritual forces them to pass through the Strait of Gibraltar at least twice a year but, while they have the opportunity to fill up on cut-price fuel, the existing infrastructure is unable to support their long-term berthing.” “Amongst other improvements, we plan to significantly increase power supply and waste water disposal capacity to meet standards typically found in tailor-made superyacht marinas. These worldclass facilities will attract a lucrative market that has so far been denied to Gibraltar.” In 2014, some £2.4 billion was spent on superyachts and estimates suggest that the current fleet of 5,000 will grow by 60% within the next 20 years to around 11,000. The Marina Bay masterplan outlines ten stern-to superyacht berths with secure access, a modern pier office with executive crew lounges, spa-style facilities, and storage, workshop and laundry services. The promenade will be enhanced with landscaping and a ‘mirador’ open to the public. CCTV will be in place to give superyacht owners, guests and crew peace of mind. 101 waterside apartments complement the scheme. EXPERIENCE INTEGRITY PASSION VISION LEADERSHIP C: 0 M: 0 Y: 0 K: 70 Pantone 295 CVC C: 0 M: 0 Y: 0 K: 100 Pantone DS 214-2 C www.marinaworld.com - May/June 2015 7

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