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Friday, November 27 - 2009

IGY bring Dubai's coastline decision makers under one roof to celebrate ongoing success

  • United Arab Emirates: Thursday, February 21 - 2008 at 10:17
  • PRESS RELEASE

The global President and CEO of IGY, the luxury marina and waterfront developer, touched down in Dubai this week to host the key players behind the Dubai's burgeoning coastline at a lavish reception.

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Pointing over the waters at the reception held at Al Qasr in Madinat Jumeirah Charles Garner, President, and Frank Garrison, CEO, highlighted the huge potential for marina developments on the region's waterfront areas.

In partnership with Nakheel, Dubai Maritime City, and Dubai Festival City, IGY's Dubai operation is spearheading the design, delivery and on-going management of these developments.

Frank Garrison, CEO, IGY says,

"We brought those who will ultimately orchestrate the development of Dubai's coastline under one roof primarily to celebrate the success of our ongoing work together, to discuss progress on our current projects and the vast potential of new ones."


Final design and sign-off is already underway for the first mega yacht marina in the region to be situated on the west side of the trunk of The Palm Jumeirah. This marina will accommodate yachts up to 100 meters in length. Also, due to open later in the year is the Anchor Marina at the top of The Palm Jumeirah trunk which will accommodate a total of 582 boats.

"These are just two of IGY's very ambitious projects that are beginning to position the region on the world's yachting map, alongside the Caribbean and the Mediterranean," says Charles Garner, President, IGY.

Saeed Harib, Director of Nakheel Marinas also attending the reception says, "Nakheel is an international brand and we choose to work with likeminded partners who can add value to our projects, like IGY. IGY is providing world-class marinas for our waterfront developments, and in the near future we anticipate that there will be more projects for Nakheel Marinas to develop in partnership with IGY."

Frank Garrison continues, "The successful sales performance of the first phase release of Anchor Marina emphasized to our partners and us that there is a very significant market for these facilities within the region's local waters. IGY aim to build on this success and, in particular, further satisfy the demand for luxury berthing facilities across the GCC and beyond."

"The key to building world-class coastline is ensuring that the whole development works as one. Onshore and offshore facilities, food and beverage provisions, as well as commercial and residential aspects need to be completely in sync with high class berthing facilities."

"Partnering with those with similar foresight and imagination to IGY, means that some of the world's most ambitious waterfront developments are coming to fruition along the UAE coast," he concludes.
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Notes and media contacts

About IGY

From the azure waters of the Arabian Gulf to the islands of the Caribbean and other beautiful yachting destinations around the world, IGY is redefining the very idea of luxury marina experiences.

IGY focuses on developing, acquiring, controlling and servicing luxury-yacht marinas and the surrounding upland real estate properties. The IGY management team has participated in the design, engineering and development of more than 300 marinas throughout the world and has brought new levels of technology, service and design expertise to the industry.

IGY operates the only mega-yacht facilities in the Caribbean and is currently developing additional mega-yacht marina properties in places such as Dubai's The Palm Jumeirah, Nassau, St Lucia, the British Virgin Islands, St. Maarten and Anguilla. In the Middle East IGY is headquartered in Dubai with dedicated marina design, development, engineering, management and marketing operations. This year IGY has launched two new marinas in Dubai and other major GCC projects will be unveiled soon.

Founded in 2005, IGY is headquartered in Fort Lauderdale, Florida with offices in New York and St. Thomas in the US Virgin Islands. IGY is an affiliate of Island Capital Group LLC, a real estate merchant banking firm led and founded by Andrew Farkas, the former chairman of Insignia Financial Group.

For more information please contact:

Asad Abbasi
T +971 4 369 8566
M +971 50 436 8618

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