Building yachts and commercial, ocean-going vessels is indeed big business. Privinvest Holding, a business based in France, is run by two Lebanese brothers, Iskandar and Akram Safa. The streets of Beirut, in the 1950s, were littered with American cars with a few European cars sprinkled amongst them. There are pictures of Waygand Street in Beirut that look like they could have been taken in San Francisco. The history of this often war-torn country is that of any other in that they aspire for a better existence. These 2 brothers, having come of age in this country likely had an entrepreneurial spirit, as many Lebanese do.
Having capitalized on this desire to succeed and galvanized with a desire to build something, they embarked on launching their shipbuilding business. They have been very successful in this business and few looking for what they make are unfamiliar with their name. Privinvest, now based in Beirut, has construction and design facilities in a number of parts of the world including Germany, the United Kingdom and France. Refer to This Article for additional information.
Iskandar Safa was well-educated before starting his now-thriving business. His Bachelor’s degree, in Civil Engineering, was conferred by the American University in Beirut and then he went on to graduate from INSEAD in France with a Master’s degree in Business Administration. His first moves in the shipbuilding space can likely be traced back to purchasing Constructions Mecaniques de Normandie (CMN) in the early 1990’s. This move would prove fortuitous and would shape the future of a man that appeared to be embarking on the right path.
Buying low and selling high is the dream of most every investor, and it just so happened that Iskandar Sara did just that with his purchase of CMN. The company was suffering a terrible downturn at the time and within just a few years, he turned the company around, making it into a thriving enterprise. Click Here for more information.
Today, Privinvest is one of the leading shipbuilding companies, still privately owned, in Europe and the Middle East. Their roster of clients includes major naval concerns and civilian clients from all over the world. Iskandar Safa and his brother have made a company that will likely stand the test of time.