Pivinvest is an international shipbuilding firm based in Beirut, Lebanon. It was founded by Akram Safa and Chief Executive Officer Iskandar Safa. They build three classes of boats which are military, commercial, and megayachts. Established in 1990, it now has over 2,500 people working for it.
It has shipyards in five countries, four in Europe and one in the Middle East. The first shipyard Pivinvest acquired is Constructions Mécaniques de Normandie (CMN), which is located in Cherbourg, France. In Germany, they have three shipyards. These are German Naval Shipyards, Nobiskrug, and Lindenau. In Greece, Pivinvest acquired PISB. Isherwoods is their shipbuilding facility in the UK. In the United Arab Emirates, they acquired Abu Dhabi Mar.
Since 1990, they have delivered over 2000 watercraft to their customers around the world. This includes 40 navies, both NATO and non-NATO. Companies around the world have bought their barges, shipping vessels, and multi-purpose platforms. Privinvest has built some of the world’s most recognized megayachts. Some of these are Odessa II, Flying Fox, Yas, Tatoosh, and Siren. Sailing Yacht A was its last project. The yacht is 468 feet long and weighs 12,600 gross tons. It is outfitted with some of the most cutting-edge maritime technology in the world.
Sustainability and combating climate change are something that Privinvest is becoming increasingly focused on. At their facility in France, it established a new company, Hydroquest. This startup is doing R&D work in the field of Marine Renewable Energies. they are going to design and build marine turbines parks around the world. These turbines will use tidal movement to create electricity. It’s a green way of producing electricity that will reduce dependence on the fossil fuels that are heating the planet and causing stronger hurricanes and typhoons around the world among other problems.
Privinvest has also been increasing the number of retrofits, maintenance, and repairs conducted at its shipyards. Additionally, they are designing new vessels that can be used for surveillance purposes and to provide protection for Exclusive Economic Zones.