Dubai PE Firm Acquires Stake in Turkish Yacht Maker
When there is a $25b market for recreational boats and when Middle East yacht owners have increased from zero percent to 8 percent of global yacht owners, you know it is time to invest in the yacht business.
That’s what Abraaj, Dubai-based PE firm, just did with their 50% investment in Turkish luxury yacht maker Numarine. Abraaj already owns stake in Dubai-based luxury-yacht distributor ART Marine.
Did you know Turkey is the world's 7th largest producer of luxury yachts?
September 4, 2008 |
Filed under Dubai Investors
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