In a move reflecting the growing international interest in Egypt’s marina and yacht tourism sector, Raunautica, a subsidiary of RNY Global specializing in the management and operation of marinas and yacht clubs, has signed a strategic partnership agreement with M3 Monaco, one of the world’s leading companies in the development and management of marinas and luxury waterfront destinations, Invest-Gate reports.
The agreement was signed during an official ceremony held in the Principality of Monaco.
The agreement was signed by Eng. Walid Dabess, Chairman of RNY Global, and Mr. José Marco Casellini, CEO of M3 Monaco, in the presence of Mr. Amr El Rashidy, Consul General of Egypt in Marseille, along with a number of prominent figures from the yacht and maritime investment sectors.
A Partnership to Bring Global Expertise to Egypt’s Marina Industry
The partnership aims to facilitate the exchange of technical and managerial expertise while implementing international best practices in the development, management, and operation of marinas. It also seeks to enhance standards of quality, sustainability, and innovation, contributing to the growth of Egypt’s yacht tourism sector and reinforcing the country’s position as a leading maritime destination in the Mediterranean.
Eng. Walid Dabess emphasized that the partnership represents a strategic step toward establishing long-term international cooperation, reflecting the Group’s vision of bringing global expertise to the Egyptian market while supporting the government’s plans to develop the blue economy and maximize the value of Egypt’s outstanding maritime and tourism assets.
Dabess stated:
“Egypt possesses unique advantages that qualify it to become one of the leading yacht tourism destinations in the Mediterranean region. These advantages range from its strategic geographic location and diverse coastal destinations to the government’s ambitious plans for developing maritime infrastructure.
Through this partnership, we look forward to delivering a world-class model for marina management and operations that will help attract further international investment and enhance the competitiveness of Egypt’s maritime sector.”
Expansion Plans to Strengthen Egypt’s Position in Yacht Tourism
He added that Raunautica currently manages Marassi Marina on Egypt’s North Coast, one of the country’s and the region’s premier yacht marinas.
Through its ambitious expansion strategy, the company aims to manage and develop a number of new marinas and waterfront destinations across Egypt and several Middle Eastern countries, further strengthening its position as a leading regional company in the management and operation of marinas and yacht clubs in accordance with the highest international standards.
For his part, Mr. José Marco Casellini expressed his pride in partnering with Raunautica, emphasizing that Egypt offers exceptional growth opportunities in the marina and luxury waterfront destination sector.
He stated:
“We look forward to leveraging M3 Monaco’s international expertise to support the development of Egypt’s marina and yacht tourism sector and contribute to creating fully integrated waterfront destinations that meet the highest global standards, opening new horizons for cooperation and investment across the region.”
This partnership comes amid growing interest in advancing Egypt’s maritime tourism sector, which is considered one of the most promising sectors within the country’s strategy to diversify its tourism offering and promote investment in the blue economy, further strengthening Egypt’s position as a regional hub for yacht tourism and maritime services in both the Mediterranean and the Red Sea.