Dubai Maritime City signs superyacht building lease deal

Dubai Maritime City (DMC), a hitech facility providing maritime services, has signed a yacht manufacturing workshop lease agreement with Vitmar Yachts. Vitmar plans to built superyachts from 35 to 72 meters in length.

Vitmar Yachts is a new brand founded by Sheikh Tariq and Antonio Amatuzzo. The yard will use the help of several Italian designers and craftsman.

"We are delighted to have reached this agreement with Vitmar as this would provide an impetus to our focus on catapulting the region on to the global yacht building map," said Drydocks World chairman Khamis Juma Buamim.

Vitmar plans to deliver yachts as a cost effective alternative to European brands.

Dubai Maritime City
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