Sela and Icon Saudi sign MoU to develop specialized luxury yacht maintenance facility in Jeddah
- Sela signed a memorandum of understanding with Icon Saudi to develop a luxury yacht maintenance facility in Jeddah during the Monaco Yacht Show 2026.
- The initiative aims to enhance technical capabilities and attract international expertise in yacht maintenance to Saudi Arabia.
- The facility will support the growing luxury yachting infrastructure in the region, including the Jeddah Yacht Club & Marina.
- Currently, major maintenance for luxury yachts in the Red Sea is primarily performed outside Saudi Arabia, notably in Europe.
- The partnership seeks to fill the service gap and contribute to Jeddah's development as a key tourism and economic hub aligned with Saudi Vision 2030.
- The MoU coincides with the announcement of the Red Sea Yacht Show, scheduled for October 2027, further establishing Jeddah's status in the international yachting community.
