| 31 Aug 2010 |
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Mourjan Marinas IGY to develop and manage all marinas in future maritime hub, Lusail City, Qatar
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Lusail Real Estate Development CompanyReal Estate Development Company
awards contract for more than 1,500 berths Dubai, UAE, August 31 2010: Mourjan Marinas IGY, the company which provides innovative development and management solutions for marina lifestyle destinations in the Middle East, today announced it will undertake full responsibility for design, construction and operation of all marinas in the Lusail City's development in Qatar.
This meticulously master planned new city spreading over 35 square kilometers, is one of the most exciting projects in the region and will eventually become home to approximately 200,000 people. Situated along the coast just north of Doha, the development is destined to become a thriving maritime hub, with a number of marinas serving different segments of the industry, including private, business, and community marinas. Dubai-based Mourjan Marinas IGY has been awarded a contract by Lusail Real Estate Development CompanyReal Estate Development Company the master developer for Lusail City, to take over every aspect of the maritime work, from marina master planning and design, to building, owning and managing the full marina portfolio, expected to hold more than 1,500 berths across the development.
Mourjan Marinas IGY will drive Lusail's waterway strategy and management, and the phased development of the marina districts is expected to stretch over the next five years.
The first phase of the marina development, estimated to be operational in January 2011, will include significant upland development such as waterfront dining outlets and a host of retail establishments. Following phases of the project will include yacht clubs and ship yards.
Michael Horrigan, CEO of Mourjan Marinas IGY, believes the exclusive amenities of the Lusail marinas will set a benchmark for Gulf marinas with their quality of services, dock furnishings and fittings.
Mr Horrigan, CEO Mourjan Marinas IGY said:
̋We are proud to play such an integral role in this visionary development of Lusail City. This development is setting new standards in master planning communities and reflects Qatar's unfailing commitment to world class quality standards. There is perfect synergy between Lusail City's priority for the integration of the communities with the development and encouragement of yachting in Qatar together with our vision for high quality, well-designed and efficiently-managed marinas.
The Lusail City marina development furthers our ambition to be at the forefront of the marina industry in this region. We look forward to working closely with the Lusail Real Estate Development CompanyReal Estate Development Company in delivering world-class marinas and yachting lifestyle destinations in this region."
Lusail Real Estate Development CompanyReal Estate Development Company said:
With diversity of the multiple businesses and residential communities working and living in Lusail City, the marinas will be developed to appeal to the people who are keen and interested in the yachting lifestyle and caters to both megayacht owners as well as smaller and recreational boat owners, providing all related facilities and amenities.
The new marinas will introduce the yachting lifestyle to the local Qatari community as well as attract the regional and international yacht owners to visit and enjoy this exciting new development.
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Mourjan Marinas IGY
Mourjan Marinas IGY is an international marina developer, operator and investor based in Dubai, United Arab Emirates (UAE). Operating under a new name after an affiliation between Island Global Yachting (IGY) and G-Marin; Mourjan Marinas IGY continues to drive the growth of marina development throughout the Middle East. The company offers the full range of technical, development, operations, marketing and administrative expertise required to design, construct and manage world-class marina facilities internationally.
IGY
From the islands of the Caribbean to the azure waters of the Arabian Gulf and other beautiful yachting destinations around the world, IGY is redefining the very idea of luxury marina experiences. Founded in 2005, IGY focuses on acquiring, controlling and/or servicing luxury-yacht marinas and the surrounding upland real estate properties. Headquartered in Fort Lauderdale, Florida, IGY also has offices in New York, NY; St. Thomas, USV. In Dubai, IGY is represented through an affiliated relationship with Mourjan Marinas IGY which provides marina development and management services throughout the Middle East.
Lusail Real Estate Development CompanyReal Estate Development Company W.L.L.
Operating under QATARI DIAR, Lusail Real Estate Development CompanyReal Estate Development Company W.L.L., was established in September 2008. Dedicated to the development, construction and ongoing operations of its flagship Lusail development project, this company was created to facilitate relationships with Lusail's primary stakeholders including the investors and development partners in the project.
Lusail is a visionary development of the State of Qatar, master-planned by QATARI DIAR, to become a unique state-of-the-art city in Qatar, the region, and worldwide. The Lusail development project is one of the largest and most elaborate developments being undertaken around the world, over a substantial area of 35 square kilometers planned to house approximately 200,000 people. It will encompass not only new residential, commercial, and retail opportunities, but a full array of community needs, complete with schools, medical facilities, entertainment and shopping centers.
For additional information please contact:
John Rynehart at Four Communications
Telephone: +971 55 980 6679
Email: mourjanmarinas@fourcommunications.com
© Press Release 2010
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