Al Jaber, a leading group of companies in the UAE, announced yesterday the launch of two new companies as the result of two successful joint ventures with the Turkish company Labranda, an investment of Brightwell Holdings BV. The two new companies will be a valuable addition to Al Jaber Group's Marine Division and will form a comprehensive front for marine activities and products.
Al Jaber Mega Yachts LLC will join hands with Labranda through a joint venture to build luxury mega yachts for the growing demands in the Middle East region. Additionally, Al Jaber - Labranda Work Boats LLC will be building work boats and passenger ferries.
Both companies will start operations in the first quarter of 2009 from their state-of-the-art manufacturing facilities in Mussafah, in Abu Dhabi.
During the signing ceremony of the joint venture, Mohammed Al Jaber, CEO, Al Jaber Group said: "We are very pleased with the commencement of this partnership with our friends from Brightwell and Labranda. Al Jaber Group enjoys a wealth of experience in the marine sector, and these two companies will add value to our operations and will help our group navigate new territories."
"These two joint ventures are the result of hard work and thorough research and we are confident that with the growing market demands for luxury boats and passenger ferries and working boats as well, we will provide outstanding products and services and will enhance the level of marine services in the UAE and the region," he added.
Alphan Manas, the Chairman of Brightwell Holdings BV, stated: "We are looking forward for a very successful partnership with Al Jaber Group. Our technology, experience and know how in the marine products and services, and our premium positioning as a leading company, make us very confident that we will achieve great results with Al Jaber Group. We have a strong client base in the GCC and the Middle East and are aware of the great potential in the market, which make us very excited about the results we will achieve together with Al Jaber Group."
"Our know-how, combined with the strength of the Al Jaber Group in the UAE and the region, will produce a one- of-a- kind manufacturing facility for luxury mega yachts," Manas concluded.
Kerem Guvenc, General Manager of Labranda, mentioned that Al Jaber-Labranda Work Boats, the new joint venture with Al Jaber Group, is destined to be a great success for a number of reasons; Al Jaber Group is very well established in the UAE and has a strong marine arm, the knowledge and expertise brought by Labranda and the demand in the market on passenger ferries and work boats is steadily rising.
All these factors, combined with a modern manufacturing facility, will create outstanding results for both parties.
Al Jaber Mega Yachts LLC will join hands with Labranda through a joint venture to build luxury mega yachts for the growing demands in the Middle East region. Additionally, Al Jaber - Labranda Work Boats LLC will be building work boats and passenger ferries.
Both companies will start operations in the first quarter of 2009 from their state-of-the-art manufacturing facilities in Mussafah, in Abu Dhabi.
During the signing ceremony of the joint venture, Mohammed Al Jaber, CEO, Al Jaber Group said: "We are very pleased with the commencement of this partnership with our friends from Brightwell and Labranda. Al Jaber Group enjoys a wealth of experience in the marine sector, and these two companies will add value to our operations and will help our group navigate new territories."
"These two joint ventures are the result of hard work and thorough research and we are confident that with the growing market demands for luxury boats and passenger ferries and working boats as well, we will provide outstanding products and services and will enhance the level of marine services in the UAE and the region," he added.
Alphan Manas, the Chairman of Brightwell Holdings BV, stated: "We are looking forward for a very successful partnership with Al Jaber Group. Our technology, experience and know how in the marine products and services, and our premium positioning as a leading company, make us very confident that we will achieve great results with Al Jaber Group. We have a strong client base in the GCC and the Middle East and are aware of the great potential in the market, which make us very excited about the results we will achieve together with Al Jaber Group."
"Our know-how, combined with the strength of the Al Jaber Group in the UAE and the region, will produce a one- of-a- kind manufacturing facility for luxury mega yachts," Manas concluded.
Kerem Guvenc, General Manager of Labranda, mentioned that Al Jaber-Labranda Work Boats, the new joint venture with Al Jaber Group, is destined to be a great success for a number of reasons; Al Jaber Group is very well established in the UAE and has a strong marine arm, the knowledge and expertise brought by Labranda and the demand in the market on passenger ferries and work boats is steadily rising.
All these factors, combined with a modern manufacturing facility, will create outstanding results for both parties.