Iskandar Safa: Sailing Yachts and Privinvest

 

The German shipyard called Nobiskrug, which was recently obtained by the shipbuilding group Privinvest, released the Sailing Yacht A in 2017. The superyacht, with eight decks and an underwater observation pod, is 143 meters in length, making it one of the world’s largest sailing yachts. Sailing Yacht A, which won a 2018 World Superyacht Award, was designed by Philippe Starck, a French Designer.

 

Privinvest has produced two of the world’s ten largest superyachts. The company’s founder and CEO, Iskandar Safa, had an interest in shipbuilding in his childhood. Safa decided to follow in his mother’s footsteps and studied civil engineering at the American University in Beirut. His engineering career did not last long, and Safa became interested in business on an international scale. He traveled to France and attended the country’s INSEAD business school, earning an MBA.

 

In the early 1990s, Iskandar Safa was able to acquire a shipbuilding site in Northern France. This site would become Privinvest’s first vessel construction site and is still operational today.

 

In the nearly thirty years since its inception, Privinvest has acquired shipyards in the United Kingdom, France, Germany, the Mediterranean, and the Middle East. Privinvest’s other German properties, naval yards in Kiel and Lindenau, are some of the biggest shipbuilding sites in the country. Find More Information Here.

 

Iskandar Safa is partly responsible for the creation of the shipbuilding industry in the Middle East. In 2007 Safa lead a partnering between Privinvest and Al Ain International. The partnership led to the creation of the Abu Dhabi MAR Naval Construction Group, which Privinvest gained complete control of in 2011. See This Article for additional information.

 

Iskandar Safa plans to continue using Nobiskrug to build superyachts. He expects the industry to continue growing and has said that Nobiskrug will need to earn many new contracts in the next ten years in order to stay competitive.

 

More about Safa on https://www.crunchbase.com/person/iskandar-safa