Qatar’s Assets Group announced a commitment of more than 250 million Qatari riyals ($68.7 million) for a fleet of 18 yachts from Italian builder Azimut. The hospitality developer said the deal is part of a plan to make private cruising available to guests at Waldorf Astoria Maldives Ithaafushi and Rosewood Ranfaru Maldives.
“Investing in world-class hospitality requires looking beyond the physical resort to the infrastructure and services that shape the overall guest experience,” Assets Group CEO Khaled Zi Alnon said in a press release. “This acquisition reflects our commitment to developing integrated destinations, where every investment contributes to the quality, accessibility and long-term value of our hospitality assets.”
The statement said that the yacht order forms part of an existing commercial relationship with Azimut, supported by dedicated local service capabilities in Maldives.
According to a report in Arabian Business, the two companies during the Qatar Boat Show announced an expanded partnership naming Azimut the preferred yacht partner for Assets Group’s future hospitality developments worldwide.
The report said Marco Valle, chief executive of Azimut Benetti Group, said the first yachts had been delivered in the Maldives.
