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RELATED ARTICLES: TDIC completes phase one of Fishermen's Marina; Septech in pole position at Yas Marina
Water-infrastructure specialist Septech is seeking to boost its Abu Dhabi-based Marina business following its presence at the 2010 Abu Dhabi Yacht Show.
“Globally marina development has suffered enormously from the economic downturn, but in contrast we are seeing a marked growth in demand from the Emirate of Abu Dhabi," said Septech marine business unit manager Bruce Birtwistle.
“We estimate that the drop in global demand has reduced revenues by 20%; we are fortunate to be operating in one of the few markets still showing forward progress on marine development.”
The 2010 Abu Dhabi Yacht Show was hosted on the Septech-constructed Yas Marina.
Recent project wins in Oman for other businesses in the Septech portfolio have opened the door for the marine unit to focus on Muscat, and new projects are increasingly cropping up in the Kingdom of Saudi Arabia and Qatar, added Birtwistle.
“We are very realistic in our outlook. Whilst the pace of marina development has certainly slowed with the contraction of the regional property development market, we nonetheless feel confident our business position and our exclusive partnerships leave us well-placed to succeed in the current market, especially as developers become more discerning in their choice of suppliers,” said Birtwistle.
In addition to the Yas Marina, completed prior to the Abu Dhabi Grand Prix, Septech is currently constructing two marinas in Dubai and a variety of fishing harbours in Oman.
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