Superyachts are one of the latest trends in the world of boating. As the wealthier get richer – at least in the United States, home to the world’s largest population of billionaires – more and more mega-rich people are willing to dish out tens of millions of dollars on superyachts.
Iskandar Safa, co-founder, co-owner, and Chief Executive Officer of Privinvest, predicted this nearly 20 years ago, when Privinvest really started honing its focus on superyachts.
Mr. Iskandar Safa is an innovative entrepreneur. He has a passion for the work he has been doing at Privinvest for several decades. Safa was born in Beirut in 1955. He has lifelong memories of his childhood days spent at the sea.
First off – What is Privinvest?
Privinvest, also known as the Privinvest Group, is a network of shipbuilding companies headquartered in Beirut, Lebanon, that has been in operation since 1990. The company’s business model has consisted solely of purchasing existing shipbuilding companies and aggregating them together to benefit from things like less competition and subsequently being able to charge higher prices and offering different types of ships the company could custom-build.
Privinvest owns seven companies, each of which makes marine vessels.
What about Privinvest’s focus on superyachts?
Nobiskrug has long been one of Privinvest’s largest manufacturers. The company has a lengthy history, as its first operations date back to 1905. Nobiskrug’s first superyacht came considerably later, however, in 2000, in the form of Tatoosh, a 92-meter-long yacht – it sleeps 20 and is fully manned by 35. Find More Information Here.
Since 2000, Nobiskrug has delivered 10 superyachts to clients around the world. Currently, Nobiskrug serves the Privinvest Group as its sole manufacturer and designer of superyachts.
Still, Privinvest is open to building superyachts that have been designed by other individuals and firms, though only if Germany’s Nobiskrug is able to manufacture the entirety of such ships. See This Article to learn more.
Privinvest has rusted the entirety of its superyacht-building responsibilities in the hands of Nobiskrug for roughly a decade now, which took place after another one of Privinvest’s subsidiaries secured the full-on acquisition of Nobiskrug’s assets.
View his channel on https://www.youtube.com/channel/UC2AL5scoFNME1VAgP6Xpejg