Manama, Nov. 2 (BNA): Masar Group, a subsidiary of Bahrain Mumtalakat Holding Firm “Mumtalakat” and a number one supplier of marine and logistics companies, has signed an settlement with The Captain’s Membership to launch a ship membership aimed toward introducing new and various marine companies, the primary of their type within the Kingdom of Bahrain. The initiative will allow sea lovers to drive boats as a substitute of proudly owning them at an reasonably priced and accessible price.
The Captain’s Membership is the most important boat membership within the area, providing a particular various to boat possession. It permits members to get pleasure from driving boats themselves after finishing coaching, avoiding the complexities of possession whereas saving them over 90% of the same old prices. With greater than ten years of expertise within the Arabian Gulf, the membership operates a fleet of over 200 boats together with fishing boats, speedboats, watersports vessels, sailboats, and cabin cruisers, catering to varied preferences.
By means of this settlement, which was signed on the sidelines of the Gateway Gulf 2025 Discussion board within the Kingdom of Bahrain, members will be capable to get pleasure from boating after finishing specialised coaching, making certain a simple and secure crusing expertise. This mannequin provides an alternative choice to conventional boat possession, granting members common entry to boats and enhancing their maritime experiences with out the same old burdens and tasks.
The settlement was signed by Yusuf Khalifa Al Manea, CEO of Masar Group, and Zaid Shouli, CEO of The Captain’s Membership, within the presence of representatives and board members from each side.
On this event, Husain AlQaseer, Chairman of Masar Group, acknowledged: “We imagine in supporting modern initiatives that contribute to diversifying the nationwide economic system and strengthening the Kingdom of Bahrain’s place as a regional hub for marine and tourism companies. This partnership between Masar Group and The Captain’s Membership represents a strategic step towards offering superior and accessible marine companies to all. It additionally displays our dedication to encouraging sustainable enterprise fashions based mostly on efficient partnerships. We stay up for seeing this initiative develop and ship tangible optimistic affect”.
Zaid Shouli, CEO of The Captain’s Membership, mentioned: “We started our journey greater than ten years in the past with the goal of offering a wise and modern resolution for sea lovers. Our growth throughout the GCC nations displays our imaginative and prescient of creating the boating expertise accessible to everybody. Getting into the Bahraini market is a strategic step to increase our affect and strengthen our presence in a promising and pivotal area”.
Yusuf Khalifa Al Manea added: “We’re pleased with this partnership, which can assist efforts to proceed enhancing, diversifying, and advancing marine companies within the Kingdom of Bahrain”.
The membership at the moment operates greater than 20 areas throughout the GCC, together with 13 within the United Arab Emirates, two within the Sultanate of Oman, two within the State of Qatar, two within the State of Kuwait, and one within the Kingdom of Saudi Arabia. The Bahrain department marks the membership’s first within the Kingdom, representing a strategic growth within the area and underscoring the rising success and demand for its modern companies.
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