Admiral Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority, witnessed the signing of a cooperation protocol between the Suez Canal Authority and Monaco Yacht Club, represented by Mr. Bernard d'Alessandri, the Club’s Secretary & General Manager. The protocol aims to strengthen joint cooperation in yacht tourism sector. The signing ceremony took place at the Authority’s headquarters in Cairo.
The protocol aims to promote the SCA’s yacht marinas in Ismailia and the North Coast and to leverage the expertise of Monaco Yacht Club in attracting new clients and boosting yacht tourism in Egypt. The protocol also provides for cooperation in innovation, sustainability, and the implementation of best practices for resource management and marine environmental protection. These efforts are intended to strengthen Egypt’s position on the global yacht tourism map.
Monaco Yacht Club is a key player in the global yachting industry and tourism sector, serving as an international hub that brings together over 2,500 members from 80 nationalities, including stakeholders and professionals within the global yachting industry. In recent years, the Suez Canal Authority has actively participated in Monaco Yacht Show to showcase the services offered at its marinas and to establish direct channels of communication with yacht owners and companies specializing in this promising industry.
The cooperation protocol between the Suez Canal Authority and Monaco Yacht Club builds on a partnership that previously resulted in the signing of a cooperation protocol last year regarding marketing and the exchange of technical and administrative expertise.
During the signing ceremony, Admiral Ossama Rabiee expressed his aspiration to strengthen ties with Monaco Yacht Club in support of the Suez Canal’s strategy to elevate its yacht marinas to the level of world-class facilities. This strategy capitalizes on Egypt’s unique geographical location and high-quality services, positioning Egypt as a global hub for yacht tourism.
Admiral Rabiee stressed that the SCA is actively working on the implementation of the Egyptian State's strategy to maximize the benefit from yacht tourism activities and bolstering the State's resources of foreign currency, especially in light of the global leap forward this industry is witnessing particularly in the Mediterranean region which is famous for being one of the most attractive locations for yachts worldwide.
On his part, Mr. D’Alessandri lauded the substantial efforts exerted by the SCA to develop world-class marinas in Ismailia and Al-Alamein, praising the state-of-the-art maritime and logistical facilities and services provided by the SCA to its clients.
The cooperation protocol was signed by Capt. Mohamed Mohsen on behalf of the Suez Canal Authority and Mr. Bernard d’Alessandri,
General Secretary & Managing Director of Monaco Yacht Club. The signing ceremony was also attended by Ms. Audrey Luciani, Executive Director of M3 (Monaco Marina Management).
After the signing of the cooperation protocol, the Monaco Yacht Club delegation paid a visit to Al-Alamein yacht marina at km 92 on the North Coast to know the unique potential it has to offer as well as the services provided to to yacht owners, and explore avenues of cooperation.