Back with original owner, Numarine sets sights on emerging markets

20 May 2012

Omer Malaz, founder of Numarine, is once again back at the helm as sole owner of Numarine Performance Yachts, after the conclusion of a joint venture since 2008 with Abraaj Group which saw the yard enhance its image and become an internationally recognisable brand.

'I would like to thank Abraaj Capital for all the all the support and help they had given to Numarine during a very difficult period of economic recession, continuing the development of our brand as an international and worldwide known brand even through the hardest period of our industry,' Malaz said. 'Now it is our task to continue the successful plan which we had managed to implement for the past four years. We would like to make Numarine a World Brand. It is “Nu Numarine” time!'

Numarine has been able to weather the global financial crisis relatively well and has sold 10 boats so far this year (51% growth from 2011), with projections for 14 in 2013 and 18 in 2014.

Setting a new course for the Turkish shipyard, which produces high performance motor yachts of between 17 and 40 metres, Malaz has outlined plans to expand into the most important emerging markets, bring in new management and launch new boats.

The 'dream-team' of yacht designers that Numarine has successfully collaborated with, namely Tommasso Spadolini, Can Yalman and Umberto Tagliavini, will stay on board, working on a number of yacht projects in the pipeline.

As for new markets, Numarine is looking to South America - especially Brazil, Mexico and Venezuela - and is also looking east with Lebanon and Hong Kong in particular in its sights. The yard is planning to attend major boat shows such as Cannes, Fort Lauderdale and Miami in addition to important local shows in Rio, Beirut, Hong Kong and Jeddah.

Numarine's latest launch is the 78HT, a 24m hardtop planing yacht with aggressive lines and a top speed of 28 knots, which we will be reviewing in the near future.