With a specialization in advanced ship design and engineering, Privinvest is a company that has been known as one of the world’s most innovative suppliers of marine vessels for over two decades. Co-founded by Iskandar and Akram Safa, the global business is based out of Beirut, Lebanon, with facilities in Germany, France and the UK. It has delivered approximately 2,000 of the finest naval ships, large yachts and other commercial water navigating vessels to the military, and to private customers. The company employs 2,500 people, and it has serviced 40 navies with ships that have been used for national defense.
Privinvest also offers high tech solutions to countries that have an interest in establishing their own shipbuilding operation. Before helping start the company, its CEO, Iskandar Safa, had gained the architectural designing skills he needed for engineering his ships from the other jobs he had in the industry dating back to 1991, when he purchased a financially struggling shipyard in Cherbourg, France and was able to turn it into a highly profitable business within two years. He also went to Saudi Arabia to work for his father as a civil engineer after graduating from college in his home country. During this time, he was given the job of building a military academy that would be named after the king of that country. The academy included an airstrip.
After attending other colleges in Europe, the engineer partnered with his brother to invest in a few other companies before moving into the world of international trade and representing the U.S. defense contractor called Northrop. Privinvest was brought into existence in the 1990s, and since then, the company’s expertly designed ships have come to be known as some of the safest and most popular ones in the world. Its production facilities in Europe and the Middle East are considered to be state-of-the-art. Privinvest has manufactured a great number of super yachts over the years for private use, and its most recently launched edition of this type of water vessel is one that the company has named Sailing Yacht A, which has a measurement of 468 ft.