When it comes to shipbuilding, one of the more respected and highly sought after services available in the world is one founded by Iskandar Safa and his brother, Akron Safa. It’s called Privinvest, first known for their quality of work in the specialized capability to build military sea vessels. Today, Privinvest has expanded its brand into building superyachts for the very rich, commercial vessels for clients needing specialized sea vessels and coastal infrastructure for surveillance and protection systems.
Privinvest has come a long way since it started in 1990.
Still based in Beirut, Lebanon, Privinvest’s reach has crossed continents where it has merged its shipbuilding capacity with other well-respected shipyards into one Privinvest Group. Shipbuilding partners include the Abu Dhabi Mar, a major shipbuilder in the Persian Gulf, Constructions Mecaniques de Normandie from France, PISB from Greece, Isherwoods from the United Kingdom and Nobiskrug from the German Naval Yards at Lindenau.
Together under the Privinvest Group, they provide a far wider range of products and services serving over 40 countries and delivering more than 2,000 sea vessels. Six national navies and a growing number of private clients have called on the Privinvest Group to fulfill their specific needs.
Privinvest Group now includes on-going projects on maintenance and repair of valued sea vessels.
In its forefront interests, Privinvest has started investments into Research and Development work on Marine Renewable Energies (MRE) including in a startup business called Hydroquest that specializes in building river and tidal turbines that promote renewable energy.
With over 2,500 employees that spans Europe and the Middle-East, Privinvest and its partners are making a significant difference in the world’s navies and marine investment and development.
The Safa brothers have made an asset for the world’s marine industry that matters not just today but in the coming future.