Project Midas, the first collaboration from Cavendish White and the Mega Yacht Group, to be built at the Nanhua High Speed Engineering facility in China, will commence cutting steel in July.

The 67m yacht built to Lloyds & MCA is due for delivery in Autumn 2009. Yacht building in China has many advantages: Undeniably, China has one of the most skilled and economic labour forces, which is also renowned for a diligent work ethic. Hence with proper supervision and stringent Quality Control, the build of a yacht can be undertaken with considerable savings in time and money with no loss of quality. Project Midas has a dedicated team of Western supervisors who will follow each and every step of the construction process.