UDC deals with Monaco Marina Management to develop yatching in Qatar

By Arya M Nair, Intern Reporter
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UDC-M3
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United Development Company (UDC), a leading Qatari public shareholding company, and Corinthia Group, an international investor, developer, and operator of upscale hotels and resorts in Europe and Africa, have signed a strategic collaboration agreement with Monaco Marina Management (M3), and the Yacht Club de Monaco to develop yachting at The Pearl Island.

The strategic collaboration agreement was signed by UDC President Mr. Ibrahim Jassim Al Othman, CEO of Corinthia Hotels Mr. Simon Naudi, addition to CEO of M3 Mr. Jose Marco Casellini, and General Secretary of Yacht Club de Monaco Mr. Bernard dAlessandri.

According to the agreement, M3 will provide UDC and Corinthia Group, with the necessary support in order to promote and develop yachting and sailing services and experiences at Corinthia Yacht Club, in addition to assisting them in obtaining the La Belle Classe Destinations, a Yacht Club de Monaco prestigious label which sets excellence standards in terms of safety, services, and quality of facilities in superyacht marinas.

Ibrahim Jassim al-Othman
Ibrahim Jassim al-Othman
President & CEO UDC

“This strategic partnership will contribute to strengthening The Pearl Islands global position as a premier maritime destination, as well as the leadership of Corinthia Yacht Club, located on the Island, in developing yachting and sailing to be an international sport. We have consistently worked to enhance this, and now the groundbreaking collaboration with Monaco Marina Management will enable us to set the stage for the next phase in the development of Corinthia Yacht Club. This will equally reinforce The Pearl Islands position as a remarkable world-class destination that provides exceptional experiences and innovative concepts that serve tourism and hospitality.”

The Corinthia Yacht Club is currently being constructed in the center of Porto Arabia Marina and should be open ahead of the 2022 FIFA World Cup. This iconic state-of-the-art designed project will cover an area of 2,232 square meters, and will feature various facilities including fine dining restaurants, several meeting rooms, climatized outdoor seating, and many more services provided with stunning views and a luxurious feel.

Related: Qatar’s QHA inks MoU with Italy’s Federalberghi to spur tourism investments


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