Privinvest: How Iskandar Safa will lead the group into the next decade

 

The shipbuilding industry is becoming more efficient, according to Iskandar Safa. Safa, who founded and leads the shipbuilding company Privinvest, has seen changes in the industry since he formed his company nearly thirty years ago. He notes that there are only 10-15% of shipbuilding companies left that were around when Privinvest was started. There are fewer companies in Europe, he added, but many new companies in South-East Asia.

Privinvest is now one of the largest and most advanced shipbuilding groups around today. The group has delivered more than 2000 vessels over its life, and that number continues to grow. One of the secrets to the company’s success, according to Safa, is substantial investments in research and development. This, he insists, keeps Privinvest competitive and ensures efficiency and quality.

Privinvest’s German shipyard Nobiskrug has become one of the company’s go-to locations to build superyachts. Although the shipyard can trace its history back to the 1900s, it only began building superyachts at the dawn of the 21st century, unveiling its first yacht in 2000. Seventeen years later, Nobiskrug released its latest superyacht, designed for Andrey Melnichenko. This yacht, dubbed Sailing Yacht A, is a feat of technical engineering and ecological responsibility. Go To This Page to learn more.

Iskandar Safa has high expectations for Nobiskrug over the next decade but refuses to build yachts on speculation. He has said that, in order to stay open, Nobiskrug will be required to earn several new contracts. Iskandar Safa expects the yacht industry to continue growing steadily and has no worries about finding new contracts, especially as a new generation begins to look into the superyacht industry.

Iskandar Safa is originally from Lebanon and started Privinvest with his brother Akram. The company works with commercial businesses, providing fishing boats and barges. Privinvest also works closely with militaries to design defense ships. Visit This Page for more information.

 

More about Safa on https://www.crunchbase.com/organization/privinvest