Daily Archives: October 11, 2019

Iskandar Safa Of Privinvest Talks About The Superyachts His Company Has Built

Iskandar Safa is the Co-founder, Chairman, and Chief Executive Officer of the Privinvest Group. It is based in Beirut, Lebanon, and owns three shipbuilding yards in Germany. These are Lindenau, Germany Naval Yards Kiel, and Nobiskrug. It also owns shipbuilding yards in the United Kingdom, France, the Arabian Gulf, and the Mediterranean.

Iskandar Safa was born in Beirut in 1955. He studied civil engineering at that city’s American University. Iskandar Safa also attended INSEAD. This is a graduate business school located in Fontainebleau, France. Acquiring an MBA, he started an international trading firm in 1982. He started building ships in the early 1990s.

Nobiskrug is one of the Privinvest Group’s largest shipbuilding yards. It is located in Rendsburg and dates its history back to 1905. It has built several famous superyachts such as Odessa II, Sailing Yacht A, Mogambo, and Sycara V. It doesn’t advertise or attract media attention because it simply doesn’t need to attract customers from around the world.

In 2007, Iskandar Safa partnered with Al Aïn International in the United Arab Emirates. The goal was to develop a naval construction group, Abu Dhabi MAR, that would develop the UAE’s superyacht industry. In 2011, the Privinvest Group became the sole owner of this venture. His various companies employ over 2,500 people.

The Privinvest Group owns France’s Constructions Mécaniques de Normandie (CMN). Some of its best-known ships include Cloud 9 and Slipstream. Both of these superyachts were designed by Andrew Winch in Cherbourg, France. CMN no longer builds superyachts as all of that business was consolidated at Nobiskrug in the early 2010s.

Iskandar Safa says that superyachts make up a large part of what his company builds. However, they also sell military vessels to navies around the world. They also build commercial boats that are used for shipping and other specialized tasks. Find More Information Here.

 

See also: https://www.revolvy.com/page/Iskandar-Safa

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Boraie Development Enters Atlantic City In A Big Way

Late last year, Boraie Development, LLC, put the finishing touches on its new apartment complex in Atlantic City. This was an $85 million, 250-unit project located in the South Inlet. It is the city’s first market-rate housing to be built in the past five decades. Three buildings make up 600 North Beach. One of these buildings has 80 units while the other two have 85. In between them is a courtyard with a pool and an area for people to relax in. The apartments on top of each building have 21-foot ceilings and two rows of bay windows.

Wasseem Boraie is a vice president of Boraie Development. He said he wanted to show people that Atlantic City is a great place to live, not just a place to gamble at a casino. Over 50% of the apartments were leased before the project was completed. Boraie said this exceeded his expectations. The four acres Boraie Development built on had been blighted. Boraie said that you need to build on blight to get rid of it. With 250 apartments, 600 North Beach is a neighborhood due to its sheer size. He’s now looking forward to building a luxury condominium in the Marina District. Learn More.

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