Saudi Arabia’s futuristic city NEOM has entered into an agreement with international luxury yachting solution provider IGY Marinas to develop and operate a harbor at the giga-project’s luxury island destination Sindalah.
The island which will be the closest superyacht marina to Europe and the Mediterranean is projected to become an iconic destination for the world’s yachting community.
With as many as 86 berths for yachts up to 50 meters, the facility will also provide additional serviced offshore buoys for superyachts up to 180 meters as Sindalah
Once completed, the marina will join IGY’s international superyacht network of 23 marinas across 12 countries.
Furthermore, the marina will also have IGY’s exclusive superyacht membership program, IGY Trident.
Last month, Sindalah received a SR3 billion ($800 million) boost thanks to a partnership with Riyad Bank.
The Saudi bank which announced the funding deal in a tweet said the money will help in achieving the goal of having $1 trillion invested in the Kingdom’s tourism industry as it eyes 100 million tourists annually by 2030.
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