In 2008 Malaz, owner and founder of the Istanbul-based shipyard, entered into a joint venture with Abraaj Group, which saw Numarine little affected by the global recession, which Malaz described as "the hardest period of our industry." “I would like to thank Abraaj Capital for all the support and help they had given to Numarine during a very difficult period of economical recession,” said Malaz.
Malaz’s decision to return to a sole-ownership business model is, he said, part of “our task to continue the successful plan which we had managed to implement for the past four years.”
The movement of the superyacht industry into emerging markets is a hot topic of debate, and one which Numarine’s business model seems to focus upon. A spokesperson for Numarine told SuperyachtNews.com that the shipyard is trying to englarge its dealership and is looking to the markets it began to look to in 2008, namely the Middle East, the Far East, and the Americas.
“Until now we have sold to Dubai, Hong Kong, Brazil, Venezuela and Mexico. We do have our boats in the seas of these countries, but we also want to be much more exposed to other countries in the Far East, Middle East, and also in the Latin Americas,” said a spokesperson for Numarine.
SuperyachtNews.com was told the Turkish shipyard is also looking for a dealer in Australia, and representatives of Numarine will be at Australia’s Sanctuary Cove International Boat show in the Gold Coast next week.
Numarine has also developed a line of new products: a 55’ Open and a 68’ Fly, as well as the existing 105’ and 130’ models, ready to be launched as soon as they have been purchased.
Numarine Profile | Numarine Website
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