PRNewswire/ ART Marine, an Abraaj Capital portfolio company and the Middle East's largest importer anddistributor of luxury motor-yachts, announces the appointment of a highly experienced CEO from theUnited States to drive its expansion in the region as demand for pleasure craft begins torecover.
Demonstrating the Gulf's continued ability to attract some of the world's most talentedprofessionals, Constantinos Constantinou joins Dubai-based ART Marine from Cobalt Yachts inTennessee, where he served as
President.
Mr. Constantinou began his career in Cypruswith Cobra Marine Services. In 1995, he joined the Sea Ray division of Brunswick Corp., the
U.S.'sbiggest marine manufacturer. There, he served as Senior Vice President for Strategic Alliances &International Operations. He joined Cobalt Yachts
in 2005.
"Constantinos' broad marineoperations expertise, combined with his 20 years experience in various high-level positions in themarine industry, will make a significant contribution to ART Marine and its
customers," saidAlessio Tumbiolo, Chairman and co-founder of ART Marine.
ART Marine, the region'sexclusive dealer for Benetti, Azimut, Atlantis and Riviera yachts, has been expanding across theMiddle East with operations in five countries, including the UAE, Bahrain, Kuwait, Qatarand Egypt. The firm is the only yacht dealer in the region offering extensive after-salesservices. Demand for luxury yachts in the Middle East has exploded over the last 10 years, drivenby increased wealth generation and the development of marinas in the Gulf and Red Sea.
"I'm excited to join ART Marine and to be leading such a high-caliber team. The Gulf region is oneof the most promising markets globally, and the affinity for pleasure boating and yachting isincreasing
steadily," Mr. Constantinou said. "We are introducing new standards by implementing a360-degree marine hospitality strategy that encompasses a wide array of services such as sales,maintenance, after-sales support, chartering, brokerage, yacht management, and marina managementand operations. I look forward to contributing towards the remarkable growth of ART Marine as weexpand our range of products and services to all regional markets."