Ferretti Group Yachts to Enter Georgian Market

UGT Group’s daughter company Caucasus Yachts has signed a partnership agreement with the Italian Ferretti Group giving the Georgian company exclusive rights to supply premium quality yachts in the Caucasus region. Caucasus Yachts will also provide comprehensive management and technical services for the yachts.

“We hope that our work will help attract a new wave of tourists to Georgia and create new jobs in the naval field, which will give additional impetus to our country's economic growth acceleration,” said the President of UGT Group, Giorgi Chirakadze.

UGT Group mainly works in the direction of IT system integration, retail, distribution, training and certification. Its subsidiary company Caucasus Yachts is a naval industry leader in the Caucasus region. It operates in Georgia and the Caucasus, as well as in the international arena, including the United States, Singapore, Italy and Turkey.

“We are pleased to announce the expansion of our activities in Eastern Europe and in particular, in Georgia, which is a country experiencing rapid economic growth,” said Stefano De Vivo, Chief Commercial Officer at Ferretti Group, according to Georgian Business and Political Insight.

“We appreciate the opportunity to work with a company such as Caucasus Yachts, which has a strong economic position. Thanks to our collaboration, we will be able to take leading positions in the Caucasus region,” he added.

Ferretti Group is an Italian multinational shipbuilding company which specializes in the design, construction and sale of luxury motor yachts. Its products are sold under the brands Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft and CRN. Its yachts are distinguished by its incomparable quality, impressive safety, exclusive designs and timeless charm. Ferretti Group is represented worldwide in more than 80 countries.

Eka Karsaulidze

Photo by Ferretti Group