HIPG AND SHY SIGN AGREEMENT FOR YACHT BUILDING YARD AT HAMBANTOTA PORT
Updated: Aug 22, 2021
August 9, 2021
Sea Horse Yachts signed a land lease agreement with Hambantota International Port Group on 9th August 2021. The yacht building facility will be established within the premises of the Hambantota port, Sri Lanka.
Agreement Signing Ceremony
The signing ceremony was honored by Hon. Namal Rajapaksa, Minister for Youth and Sports and Minister of State for Digital Enterprises. Speaking at the ceremony Hon. Namal Rajapaksa expressed his keen interest in developing boat building industry and maritime tourism in Sri Lanka.
“We are rapidly moving to diversify the HIP’s industrial zone portfolio and at the same time widely promoting this location internationally. We provide on ground logistical and operational support for these new ventures so that they will be up and running in a short space of time. This is done under our new operational blueprint ‘HIPG Speed’,” says Johnson Liu, CEO of HIPG.
SHY will invest approximately USD 58 Million and targets production to commence from January 2022.
The yard is designed to build ultra-fast aluminium vessels, super-yachts and mega-yachts of up to 175 meters. SHY will enter into production with the partnering backing of Brythonic Yachts UK, KND South Africa and OEM support from Baudouin Moteurs France, Alamarin Jets Finland and COX Powertrain UK.