ART Marine, Mideast’s No.1 Yacht Dealer, Appoints New CEO

DUBAI, UAE - ART Marine, an Abraaj Capital portfolio company and the Middle East’s largest importer and distributor of luxury motor-yachts, announces the appointment of a highly experienced CEO from the United States to drive its expansion in the region as demand for pleasure craft begins to recover.

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Demonstrating the Gulf’s continued ability to attract some of the world’s most talented professionals, Constantinos Constantinou joins Dubai-based ART Marine from Cobalt Yachts in Tennessee, where he served as President.

Mr. Constantinou began his career in Cyprus with Cobra Marine Services. In 1995, he joined the Sea Ray division of Brunswick Corp., the U.S.’s biggest marine manufacturer. There, he served as Senior Vice President for Strategic Alliances & International Operations. He joined Cobalt Yachts in 2005.

“Constantinos’ broad marine operations expertise, combined with his 20 years experience in various high-level positions in the marine industry, will make a significant contribution to ART Marine and its customers,” said Alessio Tumbiolo, Chairman and co-founder of ART Marine.

ART Marine, the region’s exclusive dealer for Benetti, Azimut, Atlantis and Riviera yachts, has been expanding across the Middle East with operations in five countries, including the UAE, Bahrain, Kuwait, Qatar and Egypt. The firm is the only yacht dealer in the region offering extensive after-sales services. Demand for luxury yachts in the Middle East has exploded over the last 10 years, driven by increased wealth generation and the development of marinas in the Gulf and Red Sea.

“I’m excited to join ART Marine and to be leading such a high-caliber team. The Gulf region is one of the most promising markets globally, and the affinity for pleasure boating and yachting is increasing steadily,” Mr. Constantinou said. “We are introducing new standards by implementing a 360-degree marine hospitality strategy that encompasses a wide array of services such as sales, maintenance, after-sales support, chartering, brokerage, yacht management, and marina management and operations. I look forward to contributing towards the remarkable growth of ART Marine as we expand our range of products and services to all regional markets.”

ART Marine LLC - Company Overview

ART Marine LLC was founded in February 2005 to offer world-class marine services such as sales of quality yachts, maintenance, after-sales support, yacht management, charter, and marina management and consultation in the Gulf region.

Thanks to high levels of professionalism, ART Marine LLC has rapidly become the leading regional importer and distributor of leisure yachts. ART Marine is today the exclusive importer and distributor of Azimut-Benetti Group for the Kingdom of Bahrain, Egypt, Jordan, Kingdom of Saudi Arabia, Kuwait, Maldives, Mauritius, Oman, Pakistan, Qatar, Seychelles and United Arab Emirates. ART Marine LLC is also the exclusive dealer of Riviera, the highly acclaimed Australian manufacturer of fishing/flybridge yachts, a brand that meets the growing demand for quality offshore fishing boats.

ART Marine LLC also offers after-sales services through a separate division staffed by dedicated technical experts who satisfy the uncompromising standards of customers. ART Marine Service Division also offers skilled know-how and full service support facilities to ensure maximum pleasure and peace of mind during yacht use and ownership. On the charter front, with the exclusive agreement reached with the Jumeirah Beach Hotel in Dubai, ART Marine Charter Division has been successfully operating since 1 March 2006, offering charter packages such as romantic dinners, corporate lunches, team building trips, sight-seeing trips to the Jumeirah Palm and the World islands.

Aiming to be the only Marine Hospitality Company in the Middle East, South Asia and North Africa with a “360 degree” approach to luxury yachts services, ART Marine LLC has created a Marina Development and Management Division. The concept is to operate a network of “lifestyle” marinas and destinations, offering first class services around the region to cater for the needs of yacht owners.

For further press information, please contact: Wael Bittar Regional Marketing Director ART Marine L.L.C. T: +971-4-338-8955 - F: +971-4-338-4470 wael@artmarine.net - www.artmarine.net

Source: ART Marine

For further press information, please contact: Wael Bittar, Regional Marketing Director, ART Marine L.L.C., T: +971-4-338-8955 - F: +971-4-338-4470 , wael at artmarine.net