The eThekwini Municipality has signed a letter of intent with Navigo, a global superyacht industry heavyweight, to develop world-class infrastructure capable of servicing and refitting the growing global fleet of superyachts. The agreement, signed by city manager Musa Mbhele, was formally handed over during Durban's delegation visit to the Yachting Aftersales and Refit Experience conference in Viareggio, Italy, from March 8 to 16.
Navigo president Katia Balducci confirmed the partnership carries ambitions that extend beyond Durban. This partnership represents the beginning of a historic chapter for Africa's participation in the global superyacht industry. Durban has the vision, the infrastructure, and the commitment to succeed, she said.
Municipal spokesperson Gugu Sisilana said the agreement could unlock more than R1.9 billion in private-sector investment and create over 2,500 direct jobs by 2030 across marine engineering, refit services, advanced manufacturing and tourism. This is a significant milestone in our campaign to position Durban as Africa's premier superyacht destination, Sisilana said.
