Founded in 1990 by brothers Iskandar Safa and Akram Safa, Privinvest Shipbuilding Group designs and constructs vessels for naval and commercial uses. Privinvest is headquartered in Beirut, Lebanon and owns shipyards in the United Arab Emirates, Greece, the UK, Germany and France.
The PISB, which includes the Abu Dhabi Mar in the Emirates and the Hellenic Shipyards in Greece, builds submarines, surveillance systems and maritime solutions for exclusive economic zones. The UK’s Isherwoods specializes in information systems design and provides logistics support for naval and commercial applications.
German Naval Yards comprises three separate shipyards. Lindenau specializes in vessel maintenance and repair, while the Kiel facility builds complex military ships. Nobiskrug designs and constructs superyachts, and unveiled the eight-deck Sailing Yacht A in 2017. This vessel won the 2018 World Superyacht Award for its technical and manufacturing excellence in the Sail-Assisted Motor Yacht category.
Constructions Mecaniques de Normandie (CMN) in France builds and repairs naval vessels and is involved in several renewable energy initiatives. CMN specializes is vessel redesign, working to adopt the trimeran hull that gives vessels an advantage in surveillance activities. Its prototype vessel, the Ocean Eagle, has a slender hull and two small floats that ensure stability and comfort even in rough tide. CMN also developed the Ocean Eagle Mine Hunter version, which uses remotely operated vehicles to locate sea mines.
Since its creation, Privinvest has delivered more than 2,000 vessels to over 40 countries, several private clients and six national navies. The company, which is headed by Iskandar Safa as CEO, employs more than 2,500 people and is working on innovative surveillance, vessel maintenance and renewable energy projects. Privinvest offers technology and intellectual property transfer to countries that wish to develop their own maritime industries, and has additional interests in the hospitality, real estate and media sectors.