ART Marine Marinas signs agreement with Aldar Properties to manage Al Bandar Marina

ART Marine LLC, an Abraaj Capital portfolio company and the Middle Easts largest Marine Hospitality company announced today their agreement with Abu Dhabi leading developer Aldar Properties to manage and operate the recently finished Al Bandar marina, located at the Al Bandar residential community in Abu Dhabi. Constantinos Constantinou, ART Marines President and CEO said: Al Bandar Marina is situated in the heart of a large residential cluster, offering immediate access to Abu Dhabis beautiful and clean waterways, which are under environmental and wildlife protection. Accessible to Al Bandar residents and the general public alike, this Blue Flag awarded marina is a superb addition to our portfolio of marina destinations, now numbering 7 throughout the region, said Constantinos Constantinou, ART Marines President and CEO. Mohammed Al Mubarak, Deputy Chief Executive Officer said: Al Bandar is heart of the thriving Al Bandar residential community of boating enthusiasts. Having the marina in capable and safe hands was priority for Aldar Properties, hence our decision to award the management of our marina to ART Marine, an operator of high calibre. We are excited to see growing success for the marina, and see it evolve as one of the best community marinas of the world. ART Marines deep expertise and methodical approach to marina operation, along with its focus on delivering brand value and return on investment to marina developers, have resulted in the company becoming the largest marina operator in the Gulf region.

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