Foreign direct investment in Andalusian marinas is growing

Avippp Agency
July 5, 2022

With the incorporation of new users, andalusian berths are among the most attractive nautical-sports infrastructures for foreign capital and investment funds.. In the ports of Banús, Estepona, Benalmádena and Málaga, a total occupancy of 95% is expected for this summer and an approximate impact of 10% on the flow of capital.

According to estimates from Ocean Capital Partners (OCP) and Island Global Yachting (IGY) with the opening of the mega-yacht harbor in Malaga. economic growth will exceed 100 million euros. In addition, will generate nearly 800 jobs for the region.

For José Luis Almazán, CEO of OCP, this dock will be one of the nautical references with the highest international standards.. "It is an ambitious project in mega and superyacht vessels. It means great pride for us because of the economic and social impact it will have on the region. It also represents a great satisfaction that its services will operate according to sustainability compliance standards.. On this particular issue, it has always sought to align itself with the regulations regarding the reduction of CO2 emissions," he says.

José Luis Almazán investments — José Luis Almazán and the investment in the port of Málaga

In this line, the recent publication of the digital newspaper El Confidencial "Foreign capital and funds accelerate their interest in Andalusian marinas" also highlights the adequacy of ports against the demands and objectives of sustainable development. According to the portal, the blue economy project currently accounts for 10.5% of GDP in this region of the country..