Iskandar Safa and Privinvest’s acquisitions

 

Privinvest is a shipbuilding group known for creating military ships and superyachts. The company’s founder and CEO, Iskandar Safa, has recently talked about the company’s newest shipyard acquisition: Nobiskrug.

Nobiskrug is a German shipyard located on the banks of the Elder River. It is the third German site acquired by Privinvest, following German Naval Yards Kiel and the Lindenau shipyard. Nobiskrug has been used as a shipbuilding site since the early 1900s, but only began building superyachts in 2000. Privinvest oversaw the launch of Nobiskrug’s tenth superyacht, Sailing Yacht A, in 2017. See Related Link for additional information.

Sailing Yacht A was commissioned by Andrey Melnichenko, a successful Russian businessman. Iskandar Safa understands the importance of environmental protection, and Sailing Yacht A was designed with sustainability in mind. The 154-meter yacht was given an award for its design in 2018. The superyacht has eight decks, and the hull is equipped with a transparent observation pod, allowing passengers to see the ocean up close.

Iskandar Safa, who is originally from Lebanon, always had an interest in international business. His mother, a civil engineer, inspired Safa to study engineering at the American University of Beirut. His career as a civil engineer only lasted a few years before he decided to pursue business.

In 1982, Iskandar Safa graduated from Fontainebleau’s INSEAD school with an MBA. He then started his own business dealing with trading and offsets. Iskandar Safa also worked for the government of Saudi Arabia, combining his business and engineering skills to oversee several construction projects in the nation’s capital city.

In 2007 Privinvest emerged in the Middle East thanks to a partnership with Al Ain International. The Abu Dhabi MAR naval construction group was formed by these two companies, which introduced the Middle East to the shipbuilding industry. Privinvest was able to gain ownership of the group in 2011. Go Here for additional information.

 

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