When Iskandar Safa first entered the world of shipbuilding, he had no idea that his company Privinvest would one day be one of the world’s largest shipbuilding groups. Privinvest’s humble beginnings can be traced back to the early 1990s when Iskandar Safa obtained an unprosperous shipyard in France called Constructions Mecaniques de Normandie.
Using his business acumen, Iskandar Safa was able to revitalize the shipyard, which is now an essential part of Privinvest and is the home to more than four hundred employees.
In the nearly thirty years since its inception, Privinvest has become a leader in shipbuilding, serving militaries, commercial businesses, and private customers. Currently, more than forty navies around the globe own Privinvest vessels. The company also provides barges and fishing trawlers to commercial customers. Privinvest’s superyachts are some of the largest and most technologically advanced ships currently in use.
Nobiskrug, a shipyard recently acquired by Privinvest, is home to some of the company’s superyacht projects. The German shipyard has built ten such vessels since it converted to building superyachts in 2000. Nobiskrug’s newest project, Sailing Yacht A, was delivered in 2017. Andrey Melnichenko, who commissioned Sailing Yacht A, wanted the ship to be as environmentally friendly as possible. Get More Information Here.
Privinvest’s department of research and development has long been working in the fields of renewable energy and environmental sustainability. The group has developed turbines that can be positioned in areas where water flows, like rivers and tidal zones, to capture energy from the water. The department also works with militaries to develop new aquatic and defense technology. This work sometimes transfers over to superyachts, according to Iskandar Safa. Refer to This Article for related information.
To date, Privinvest has supplied more than 2000 vessels. The company employs more than 2500 people and continues to grow. Iskandar Safa expects many more superyacht contracts in the coming decade.