Three West Med yachting associations have signed a memorandum of understanding (MoU) to work together on common issues.
The Riviera Yachting Network, Navigo and Balearic Marine Cluster signed the MoU to create Yachting West Med Clusters with the aim of promoting the Western Mediterranean area as a flagship yachting destination, facilitating connections between companies in the three countries and working on collaborative projects and events.
The organisations say the Western Mediterranean is the world’s leading area for yacht sailing and refit work with 50% of the world’s yacht fleet sailing through the area every year.
Around 75% of yacht refits take place across the region.
“This agreement between the three most important regions in the world for the production and refit of yachts, by number and type of companies represented, will provide increasingly precise data on the sector of activity, B2B exchanges useful for the development of companies and a place for proposals and of comparing innovations and ideas,” said Katia Balducci, Navigo president.
Other collaborations will include professional development training, European planning, the study and programming of innovative projects, joint work on regulations and their harmonisation and strengthening the network between the three countries.
“Being stronger together is the core philosophy of each of our clusters; it is the same one that guides our transversal agreement Yachting West Med Clusters,” added Laurent Falaize, president of Riviera Yachting Network. “In fact, despite being competitors, we can share common ambitions for attractiveness and sustainable development.”
Antonio Salom, president of the Balearic Marine Cluster, concluded: “As cluster leaders in our respective regions, we have identified common challenges that will impact not only our companies but all industries.
“In the next ten years, companies will have to face important challenges such as the ecological transition, the management of big data and the transgenerational transition.”
“As leading groups and with the belief that unity makes the difference come on, we signed this Memorandum of Understanding.” The alliance has 400 companies in its network