Ferretti Group announces the appointment of AAA Marine as exclusive dealer for the Ferretti Yachts, Riva, Pershing and Itama brands in the United Arab Emirates and Oman. AAA Marine, created out of the merger between Al Otaiba Investment and RIC Holding, is positioned as a key partner for the development of the high-end yachting industry.

The agreement is a strategic cornerstone of Ferretti’s international expansion plan, consolidating its presence in one of the areas with the highest potential for the luxury sector and further promoting the Group’s Brands’ supremacy in the yachting industry. Building on Ferretti Group’s industrial capacity and stylistic excellence, combined with AAA Marine’s in-depth knowledge of the Middle East market, the agreement will drive significant expansion in the range of yachts offered in the region, delivering a targeted response to growing demand from owners and high-profile international customers. “I’m extremely happy with this agreement, which is of primary strategic value in terms both of AAA Marine’s proven ability to manage our most prestigious brands, as well as of the huge potential the area offers for the growth and promotion of luxury yachting.

Much more than a simple dealership agreement, it marks a new phase in our development, integrating product excellence with a powerful and competent Sales and Marketing world class organization. The United Arab Emirates is home for us, an ideal place to invest thanks to a cutting-edge infrastructure, high-quality tourism and an amazing environment in which to fully enjoy luxury at the highest level,” said Ferretti Group CEO Alberto Galassi. “It is an honour to formalise this landmark partnership with Ferretti Group – a globally distinguished name in luxury yachting. 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 for customers, investors, and waterfront developments across the UAE and Oman. Indeed, AAA Marine, formed through a strategic merger between Al Otaiba Investment and RIC Holding, is uniquely positioned to write the next chapter of luxury marine development in the region" said Group CEO of RIC Holding & NG9 Holding Mr. Alaa Al Ali.