Ferretti Group’s Presence in the Middle East
Ferretti Group, world’s foremost player in the design, build and sale of luxury motor yachts, with a one-of-a-kind portfolio of some of the most prestigious and exclusive brands around the world, further strengthens its presence in the Middle East by signing and renewing a number of important dealership agreements with major local partners.
The Group has renewed its exclusive dealership agreement with its historical partner Sea Pros Yachts for Lebanon, Kuwait, Saudi Arabia and Jordan with regard to all Group brands and for the United Arab Emirates as far as Ferretti, Pershing and Mochi Craft yachts are concerned. Moreover, Ferretti Group has signed a new exclusive sales agreement with Art Marine LLC for Riva and Itama yachts in the United Arab Emirates, Qatar and Bahrain, as well as an exclusive distribution agreement in Qatar with Gulf Yacht – through its British dealer Ventura UK – for the Ferretti and Pershing brands.
All the agreements above are part of Ferretti Group’s new expansion strategy at an international level, with a special focus on the Middle East, aiming to develop further within the EMEA (Europe, Middle East, Africa) region over the next five years. Indeed, through these agreements, the Group is further strengthening its selected distribution network, which consists of approximately 60 dealers ensuring the best possible assistance to the Group’s clients in more than 80 countries.
“We are extremely pleased about the various dealership agreements that we have signed or renewed, as they all involve important local partners that can boast an outstanding knowledge of our products and a strong presence in their respective geographic areas. These agreements also reflect our commitment to further grow in the Middle East, an area where we have been present for many years and which we believe holds a great growth potential thanks to the unique, timeless charm of our boats, the symbol of Italian technological expertise and craftsmanship all over the world” stated Ferretti Group’s CEO Ferruccio Rossi.
