AAA Marine, formed through the merger of Al Otaiba Investment and RIC Holding, has been appointed the exclusive dealer for Ferretti Group in the UAE and Oman.
The partnership will span a range of yacht brands including Ferretti Yachts, Riva, Pershing and Itama.
The agreement is said to mark a significant step for the region’s growing marine and leisure industry, reinforcing Abu Dhabi’s emerging status as a hub for luxury yachting.
The collaboration will introduce more luxury yachts to the UAE and Oman, meeting rising demand from owners and charter clients.
The partners point out that global interest in luxury yachts continues to grow, with the market valued at over $8.5 billion in 2025 and projected to nearly double by 2032, with the GCC region playing an increasingly important role.
we look forward to enhancing the presence of Italian-crafted excellence and timeless design for all discerning customers across the region.
Alberto Galassi
AAA Marine has operations covering the UAE and Oman and sees the agreement forming part of a long-term strategy to expand further across the GCC and the wider MENA region.
The organisation plans to develop an integrated marine ecosystem across the UAE and beyond including luxury marinas, yacht maintenance facilities, modern berthing solutions, and waterfront lifestyle destinations.
The company says it envisions a ‘UAE Riviera’, with ultra-luxury berthing facilities, high-end yacht marinas, yacht maintenance and building facilities, recreational waterfront destinations, branded oceanfront residences, AI-powered marine showrooms, and luxury retail and F&B destinations.
Forward-thinking vision
Alberto Galassi, CEO of Ferretti Group, highlighted the Middle East’s growth potential.
“We are delighted to begin this new chapter with AAA Marine. Their forward-thinking vision, combined with Abu Dhabi’s dynamic approach to maritime tourism development, makes this partnership particularly significant – as a catalyst for our strategic expansion into the Middle East region.
“As the UAE and Oman continue to demonstrate rapid growth potential within the luxury yachting market, we look forward to enhancing the presence of Italian-crafted excellence and timeless design for all discerning customers across the region.”
Premium marine experiences
Alaa Al Ali, Group CEO of RIC Holding and NG9 Holding, added: “This partnership brings together a world-class yacht builder and a local company with deep regional understanding.”
“This agreement reflects our commitment to aligning AAA Marine with world-class brands and responding to the region’s growing demand for premium marine experiences.
“Through this collaboration, we will introduce elevated offerings to customers, investors, and waterfront developments, across the UAE and Oman.”
