New yacht repair facility in Sri Lanka
Published: Monday, 10 June 2013
A yacht, leisure craft repair and shipbuilding facility is to be built soon by Sea Gulf Shipyard (Pvt) Ltd in the Galle Port, Sri Lanka. The facility will be constructed at an estimated cost of 44 million US dollars over the next 24 months.
The Hadi Hammam Group of Saudi Arabia is the investor for the project and Sea Gulf Shipyard the project proponent. The ultimate objectives include the design and construction of a syncro-lift with a 1,500-ton capacity to accommodate yachts and pleasure crafts and the positioning a floating dock with 4,500-ton capacity. According to an official with Hadi Hammam out of Dubai, operations at Sea Gulf Shipyard will begin in the next three months, while the syncro-lift should be ready within two years.
The repair facility in Galle will also attract vessels from the Maldives creating business opportunities for Sri Lanka. Attracting direct foreign investment from the Middle East will also encourage other investors to consider investment in Sri Lanka. The official from Hadi Hammam also noted that the government of Sri Lanka was keen to attract more yachts and superyachts to its shores. The island nation lies along a path that could see superyachts transiting through the Suez Canal into the Indian Ocean, with stops at the Maldives, Sri Lanka and the Andaman Islands before moving into Southeast Asia.
Land for this project will be taken on a 30-year lease from the Land Alienation Policy of the Sri Lanka Ports Authority (SLPA). A repair facility for yachts has long been considered essential for promoting the marina in the Port of Galle. Signing of the agreement took place at the Ministry of Port and Highways with the minister of Port and Highways, Rohitha P. Abygunawardhane, chairman of the SPLA, Dr. Priyath B. Wickrama, Hadi Hamad Al-Hammam, president of the Hadi Hamad Al-Hammam Group and Nazeer Ahamed, a director of the Sea Gulf Shipyard, as signatories.