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P&O Marinas signs agreement with PYM for Mina Rashid Marina

P&O Marinas has signed a strategic collaboration agreement with Pindar Yacht Management (PYM), for the development of a water sports academy, a recreational club, an exhibition space and a range of associated marine leisure services and facilities.
Under the agreement, PYM will bring its experience as an international sailing business and brand to support the transformation of the P&O Marinas facility into a world-class recreational hub for the sport and the wider yachting industry. In addition, PYM will organise sailing and promotional activities using its two Volvo Ocean Race Yachts, customised and branded to P&O Marinas' marketing purposes. The yachts, Mina and Marina, will be moored at Mina Rashid Marina.
Mohammed Al Mannaei, CEO of P&O Marinas and executive director, Mina Rashid, said: "The partnership between P&O Marinas and Pindar Yacht Management sets the stage for the next phase in the development of Mina Rashid Marina, and provides a boost to our on-going work of transforming it into the region's largest and best superyacht destination. 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. 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."
Mina Rashid Marina has a track record of growth in the UAE as a regional marine community hub. The main driver of which is P&O Marinas' desire to develop this important segment of the market, especially in terms of infrastructure, as well as supporting the promotion of Dubai as a global destination for tourism.
Andrew Pindar, chairman, Pindar Yacht Management, said: "The facilities at Mina Rashid Marina are second to none, not only in terms of the infrastructure on shore, but also the superb sailing opportunities. P&O Marinas' vision and mission are very much in line with those of Pindar Yacht Management and we are very much looking forward to being part of the process to develop Mina Rashid Marina as a true global yachting destination."
business@khaleejtimes.com