Sela has signed a memorandum of understanding (MoU) with ICON Saudi at the Monaco Yacht Show 2026 to explore the development of a specialized luxury yacht maintenance facility in Jeddah.
The partnership is intended to strengthen Saudi Arabia’s technical capabilities in yacht maintenance while bringing international expertise to the growing sector. The planned facility would allow yacht owners and operators to access essential maintenance services closer to the Red Sea locations where their vessels operate.
The proposed centre will complement Jeddah’s expanding luxury yachting infrastructure, including Jeddah Yacht Club & Marina, as marine tourism continues to develop across Red Sea destinations such as AMAALA and Shura Island.
Currently, much of the major maintenance work required by luxury yachts operating in the Red Sea is handled outside Saudi Arabia, particularly at facilities in Europe. Sela and ICON Saudi aim to address this gap by developing local technical expertise and specialized services.
The initiative is also expected to support Jeddah’s development as an integrated tourism and economic destination, aligning with the objectives of Saudi Vision 2030.
The agreement follows the announcement of the Red Sea Yacht Show, which is scheduled to take place from October 14 to 17, 2027, at Jeddah Yacht Club & Marina.
The yacht show and proposed maintenance facility are expected to work alongside each other to support the international yachting community in Jeddah throughout the year, combining major industry events with infrastructure and specialist services needed to support the sector’s long-term growth in Saudi Arabia.
Source: SPA