A partnership agreement has been signed between the Principality of Monaco and the Emirate of Dubai to strengthen cooperation in the development of facilities for superyachts, Monaco Ports announced on Monday, May 7.
The accord, signed on May 3 between P&O Marinas of Dubai and the Monaco International Port Authority (SMIP), stipulates that joint projects will be of the highest quality, especially in regard to technological innovations relating to the environment and also in security. This approach will create significant added value for both businesses and their clients, Monaco Ports said.
The agreement was signed by Aleco Keusseogiou, President of SMIP, and Mohammed Al Mannaei, President and Director-General of P&O Marinas, in the presence of other senior officials from Monaco and Dubai.