Gallura leader in Sardinia in the Economy of the Sea

Aspal: 78% more hires. The companies-guides in the district of Cipnes

In 2021, in Sardinia, employment in the Sea Economy - boating, hotels, seafood - increased 78%. Out of 4 hires, one was made in that sector. This is the data provided by Aspal Sardegna, the agency that deals with the Sardinian labor market, and for Gallura it is excellent news.

Gallura is in fact, by far, the main area of the Economy of the Sea, the locomotive of all Sardinia. Data and facts are very clear. Gallura accounts for 44% of Sardinia's berths: 6,000 out of 13,800. In Gallura there is 66% of places for maxi yachts (those over 24 meters): 339 places out of 528 [source: Ministry of Transport].

And in Gallura there are the most important companies in the economy of the sea in Sardinia. As Cipnes Gallura we can more accurately outline the profile of this strategic sector. For the perimeter of the Blue economy, we have adopted the criteria of Unioncamere, the association of Chambers of Commerce, focusing on three sectors: boating, hotels and fishing. Thanks to Cerved's Atoka, the company balance sheet service, we were able to analyze the results of the main companies in detail; a service that will allow us to present an organic study of the sector to the public in the coming months.

In the construction of boats (Ateco code 30.12.00), in first place in Sardinia, by revenue, there is B-Shiver, the company de Sno group that produces in Olbia, in the district of Cipnes, the iconic Novamarine inflatable boats: over 10 million revenues in 2019.

In the other activities of services related to maritime transport (Ateco code 52.22.09), in first place is Porto Cervo Marina, the srl of the Costa Smeralda group that manages the berths in Porto Cervo: 11.4 million revenues. Two other companies from Gallura followed in the revenue ranking: Sinergest of Olbia (services at the port of Olbia, 10.8 million euros in revenues) and Marina di Porto Rotondo (berth management, 9.6 million euros in revenues).

In fish processing and preservation (Ateco code 10.20.00), in first place, in Sardinia, is Generale Conserve, the company that produces As do Mar tuna in its Olbia plant, in the Cipnes district, judged the best in Italy by Altroconsumo.

In the management of hotels (code Ateco 55.10.00), to the first place, in Sardinia, there is the Sardinia Resorts, the srl of the group Costa Smeralda with center to Arzachena that manages the hotels 5 stars extralusso (Cove of Volpe, Buck, Romazzino, Pitrizza): 88.3 million of revenues. In third place is Delphina, based in Palau, with revenues of 71.7 million.

These are the data. Gallura is leading the Economy of the Sea, but there are still wide margins for growth. In this sense is oriented the European project Med New Job, which aims to form new entrepreneurs of the economy of the sea, training the unemployed or workers at risk of expulsion. The participants are 13 and, just in recent weeks, have visited the companies of Olbia, including Sno (Novamarine) and Generale Conserve (As do Mar), accompanied by officials of Aspal and Cipnes Gallura, partners in the European project, with the body of Olbia called to theoretical training and field.


Med New Job, second phase in the companies of the district of Olbia

The participants to the training course have made lesson in the enterprises of the blue economy

Name of the project: Med New Job
Mission: to create entrepreneurs of the blue economy in Gallura
Funding: Interreg Italy-France Maritime 2014-2020
Project development. Cipnes Gallura and Aspal
Recipients: 13 aspiring Sardinian entrepreneurs
Training companies: 6, all from the productive consortium district of Olbia
Outlook: creation of the Nautical District in Gallura

This is Med New Job. A path of orientation to understand what you can do, what you should not do and what you should study if you want to become an entrepreneur of the economy of the sea, definition in which are enclosed - to stay in Olbia - both the activities of shipbuilding and food production. A journey desired by Europe to retrain workers seeking employment or at risk of expulsion from the labor market. A powerful work of reskilling, i.e. retraining their skills and abilities. Learning to do new things, at any age: a necessary and compulsory choice. According to the World Economic Forum, by 2025, 50% of all workers will need reskilling.

On the strength of the law on Industrial Consortia, called to "promote research, technological innovation and technical, organizational and market assistance related to technological innovation and the creation of new business initiatives and their consolidation", Cipnes has supported the Interreg project of which Aspal is a partner for a sector, the economy of the sea, in which Olbia is in second place in Italy for added value on the local economy (13.9%) after Trieste (15.4%). A clear choice for a sustainable future.

After the theoretical lessons (on desk), it was the turn of the practical ones, in the field (on the job). The 13 aspiring entrepreneurs visited the companies in the Olbia production district that had accepted the invitation from Cipnes Gallura. The owners and managers presented their companies and answered questions from participants. The tour visited the factories of SNO (marketing of yachts and production of boats), Cloto (interior design for yachts), As do Mar (production of canned tuna), Elica Yachts (marketing and refitting of yachts), Seastarshipping (shipping agency and yacht service), Yachting in Sardinia (charter and yacht service).

Accompanied by the Cipnes and Aspal teams, the 13 participants in the Med New Job competition had a unique experience. They saw how a shipyard or a factory works; they heard about the major difficulties for the blue economy in Sardinia; they learned useful information about the requirements to be an entrepreneur (having vision, being persevering, knowing English); they received advice on what is better to do and what is not.

Everyone had their own specific business idea. After the visits, some confirmed it; others calibrated it better; still others revised it. "These days served us well; we learned new things," participants said.

The same was true for the host companies (they had the pleasure of presenting who they are and what they do), for Aspal (they delved into the subject of the most in-demand professions) and for Cipnes (they refined their knowledge of the needs of companies). A win-win path, in which everyone learned something, exchanging knowledge and experiences, strengthening relationships and collaborations.

From the first moment, the Cipnes Gallura believed in this path and, with its Development Agency, took part in it with conviction and determination, entering into an administrative agreement with Aspal (Sardinian Agency for Active Employment Policies), a partner in the project, following the legislation that provides for the involvement, by the public beneficiaries of European funding, also of other public entities with the mission to carry out, in collaboration, specific activities. Which for Cipnes Gallura are the creation of new socio-economic conditions for the birth of micro, small and medium enterprises and the attraction of new investors. For the Aspal, the development and financing of appropriate tools for the training of professionals actually required by the labor market in a strategic sector, the nautical and blue economy.

But for Cipnes Gallura the challenge was also another. Consistent with its role as a public body for the socio-economic development of the territory, Cipnes wants to lay the foundations for the creation, development, innovation, internationalization and institutional recognition of the "Nautical District of North East Sardinia". The Med New Job project is a formative step along this path.

The Maxi Yacht Rolex Cup reaffirms the importance of yachting

A week of challenges in Porto Cervo: the economy of the sea in the future of Gallura

There is the Deep Blue of Wendy Schmidt, wife of the former head of Google, philanthropist and for years dedicated to the defense of the seas. There is Vittorio Moretti's Viriella, patron of Bellavista sparkling wine and, for some years now, of the Sella & Mosca winery in Alghero. There's Proteus, owned by the leading US entrepreneur in the field of renewable energies. There is the Magic Carpet of the CEO of L'Oréal, Sir Lindsay Owen-Jones, and there is the Highland Fling XI of Lord Irvine Laidlaw, Scottish philanthropist.

Blue-blooded, green-souled, with company balance sheets in black, the protagonists of the 31st edition of the Maxi Yacht Rolex Cup - which began today in Porto Cervo, organized as always by Prince Karim Aga Khan's Yacht Club Costa Smeralda - are not just great lovers of the sea and sailing. They are some of the world's leading figures in economics, finance and culture.

Americans, Australians, Germans, French, British: in all, divided into three divisions (Super Maxi, Maxi, Mini Maxi), there are 44 boats doing battle in the waters of the Costa Smeralda and the Maddalena Archipelago, with almost a thousand guests including crew members and owners (from 797 to 850, according to YCCS calculations). These are pre-Covid numbers, a great sign of recovery.

The Maxi Yacht Rolex Cup is, after all, one of the world's top sailing competitions and one of the most important events in Sardinia, with important economic repercussions on the territory, particularly Olbia and Arzachena. The confirmation that the economy of the sea is one of the strategic sectors for the future of Gallura.

The Rolex Cup is not an isolated or sporadic event. It comes from afar and wants to go farther and farther. Sailing, after all, has been one of the successes of the Costa Smeralda, a sector that has defined its identity on an international level. From Porto Cervo's old pier opened in 1964 to the new port inaugurated in 1976, the Costa Smeralda has helped to create, in reality, but not de jure, the Gallura Nautical District. Today Gallura has 46% of Sardinia's berths and 66% of the berths for maxi yachts, the main class of the Rolex Cup. The big boats come to Olbia and the Costa Smeralda. These are numbers that allow boating to be one of the main sectors of the Cipnes consortium production district in Olbia: there are 62 active companies, 11% of the total, with almost 400 employees.

There is a thread, therefore, that binds Porto Cervo to Olbia, the Rolex Cup to the shipyards: that thread is represented by the economy of the sea. Blue, green, sustainable, projected into the future. The Rolex Cup has made the Costa Smeralda the talk of the world; last week the New York Times, considered the world's most authoritative newspaper, dedicated two articles to the 31st edition of the regatta. The Rolex Cup helps to consolidate the knowledge of the Costa Smeralda (and Gallura) destination in the world and opens interesting scenarios on possible investments in Gallura. The owners of the Rolex Cup boats are industrialists committed to technology and sustainable energy. Digital&Green, the binomial at the foundation of the future of post-Covid Europe and - for its mission - of Cipnes Gallura.

The American Wendy Schmidt, wife of Eric, father of Google, of which he was CEO and president, is known for her battles in favor of the sea. What she will see in these days is a healthy, clean, sustainable, international destination; the optimal conditions to make an investment.

And it will be the same for all the others: Vittorio Moretti with the boat Viriella, the British Sir Lindsay Owen-Jones (ceo L'Oréal) with Magic Carpet Cubed, the American financier David M. Leuschen with Galateia, the German entrepreneur Claus Peter Offen with Y3K, the American technology entrepreneur George David with Rambler 88, the Scottish investor and philanthropist Lord Irvine Laidlaw with Highland Fling XI, the American entrepreneur and financer of the America's Cup Hap Fauth with Bellamente, the American renewable energy entrepreneur George Sakellaris with Proteus (former Ran V), the Australian entrepreneur Jim Cooney with Comanche.

Not only sport, not only beauty, even if Valsheda, a J-Class built in 1933 for the America's Cup, is worth the whole regatta. The Maxi Yacht Rolex Cup - with its crews and owners staying in the luxury hotels of the Costa Smeralda, with all the activities it sets in motion for a week, including our Insula hub at Porto Cervo Marina for the promotion of quality Sardinian products - reaffirms the importance of having a nautical district: from the companies that do garaging to those that do assistance to those that build the boats. A sector that needs investment and that creates new and qualified professional figures. A fundamental resource for a balanced and lasting development.



The Cipnes Gallura presents the Insula program in Porto Cervo

Sarti: " Let's start from the Sardinian excellence to target the world excellence"

Cipnes Gallura presented in Porto Cervo the program "Insula Sardinia Quality World", funded by the Sardinia Region, with the Tourism Department, for the promotion of "Destination Sardinia" through the excellent production systems of food&wine and artistic craftsmanship. With the payoff "Discovering a way called Sardinia", the CIPNES, with its division Agrifood and Territorial Marketing, promotes "The Paths of Food & Wine Tourism" and "Art and Design", a path of experiences made in Sardinia that will be possible in 50 Insula points in Italy and abroad. The presentation was attended by Cristina Usai (deputy mayor of Arzachena), Gianni Sarti (president of Cipnes Gallura), Massimo Masia (Insula manager, who illustrated the project) and Maria Amelia Lai (vice president of the Chamber of Commerce of Sassari, which together with Insula is selecting 100 companies for internationalization).

"As Cipnes Gallura we are close to Sardinia terribly affected by the fires - said President Gianni Sarti, speaking in Porto Cervo -. In the coming days we will also see how we can contribute to help the damaged territories. Starting from here, we want to explain our project "Insula Sardinia Quality World". Sardinia should not be known only for the sea, which is beautiful. But also for its products, food, wine, of high quality. And they are quality not only because they have a pleasant taste but also because they have a natural, organic treatment. In this we are unique.

We at Cipnes - thanks to the strategic contribution of the Region of Sardinia with the Department of Tourism, Trade and Craftsmanship - are the link between Sardinia's small quality producers and the large international markets. We help them to grow and internationalize. And by doing this, we want to avoid the desertification of inland towns, which are a great heritage. Our goal is also to make tourists fall in love with our wine and our food and make them come to know Sardinia. We start from excellence in order to address to an audience of excellence, and in fact we are here in Porto Cervo for this very reason".

Joining the Insula program is open to all companies with legal headquarters in Sardinia. In order to join the network it is necessary to download and fill in a membership form.

Insula application form

Insula institutional program notice

Training blue economy, involved companies in the district of Olbia

Published the notice of the Cipnes Gallura for the "Med New Job" project.

The Cipnes Gallura intends to acquire the expression of interest by the companies of the nautical and blue economy established in the production district consortium of Olbia to host guided tours for those admitted to the training project "Med New Job". Financed with resources from the Interreg Italy-France Maritime 2014-2020 Program, 15 aspiring entrepreneurs are participating in the Med New Job course, created in partnership by Aspal and Cipnes Gallura.

The classroom training has already started. On the one hand, the training is aimed at enabling those admitted to acquire socio-economic knowledge of the blue economy sector. On the other hand, the lessons will serve to provide those admitted with the preliminary knowledge needed to start up new businesses. Once these two phases have been completed, the "Job Discovery" phase (guided visits) will begin, a solution that will allow participants to make a path of exploratory knowledge "in the field" of the different business realities of the nautical sector.

The Cipnes Gallura intends to promote an active and participatory involvement of the production fabric of its consortium area of Olbia, starting an institutional scouting activity aimed at identifying companies in the chain of the "blue economy" that are available to host at their headquarters guided company visits. To apply for participation will be necessary to register your company by August 20, 2021 by filling out an online form included in the institutional website

In accordance with its role as a public body for the promotion of socio-economic development of the territory, Cipnes Gallura intends to lay the foundations for the creation, development, innovation, internationalization and institutional recognition of the "District of Nautical North East of Sardinia", starting from the promotion of an institutional system of permanent collaborative networking between regional companies and public bodies responsible for planning, processing and implementation of active labor policies responsive to the collective needs of the production fabric.

Expression of Interest

Application form for companies

Dedicated section

Note of Cipnes Gallura and statements of the President

In regard to the article in the "Nuova Sardegna" newspaper of 18 June 2021 entitled "The Cipnes risks a commissioner", the Cipnes Gallura specifies that no ad acta commissioner has been appointed by the administrative judges. It should be noted that the 27,500 square meters in question do not relate at all to the areas in which stood the former factory of tuna Palmera but those in which there is the McDonald's.

Statement by the President of Cipnes Gallura Gianni Sarti: "In this last period it seems that there is, from various parts of the media, the "hunt" for Cipnes Gallura. Anything that concerns the Consortium is amplified and often misrepresented with connotations such as to make Cipnes pass in a bad light. If a lot of alarmed people called me this morning asking why Cipnes was at risk of being placed under administration, it means that there was something to suggest this. We are certain that there is no doggedness towards us, but we would like more attention and, as it should be, we hope that our opinion will also be asked, which has not happened, for a correct communication to the public. The same attention we have every time we move to the island territory. Whether it is the Chamber of Commerce, regional councils or other consortia, we receive wide acclaim and compliments for the work done by our consortium - by its employees and its managers - in favor of the territory".

MED NEW JOB: Cipnes and Aspal together to promote employment in the nautical sector

The Sardinia pilot project "Orientation and reconversion to the nautical sector" has been launched


LOCANDLINE 50x70 MED NEW JOB Cipnes and Aspal, the regional agency for active employment policies, as part of the European project MED NEW JOB, are promoting the experimental project "Orientation and reconversion to maritime: aimed at the entrepreneurial regeneration of the nautical supply chain and the creation of sustainable and quality employment in the nautical sector and the economy of the sea, the project intends to support the professional needs of Mpmi, encourage the trajectories of development and innovation of the production fabric, with a perspective towards employment horizons and with a view to cross-border replicability.

MED NEW JOB is part of the European territorial cooperation program Interreg Italy-France Maritime, co-financed by the ERDF (European Regional Development Fund), with the aim of strengthening the areas of cooperation between Italy and France according to the priorities identified by the "Europe 2020 Strategy", with a strong "maritime" perspective and with particular attention to coastal and island areas.

The involvement of CIPNES-Gallura is of primary importance both because the vast area of northeastern Sardinia, and Olbia in particular, by virtue of the entrepreneurial density in the boating sector and the related economic-productive and employment dynamics, can be considered as a barometer area, ie as a representative sample of the entire regional situation; both because the close relationship of geographical and institutional proximity of the CIPNES with the companies in the nautical sector established in the production district consortium of Olbia, is of fundamental importance for the realization of the general objectives of the project, namely to promote the emergence of new businesses and create sustainable employment in sectors that contribute to the economy of the sea.

Cipnes-Gallura will play an active role in several key activities: It will promote the orientation, training and coaching paths to business creation according to the model of lifelong learning supported by the region of Sardinia; it will carry out an exploratory activity of the economic-productive reality of the territory, aimed at identifying training opportunities and potentially occupational opportunities in the sectors related to the economy of the sea (job discovery); and finally, it will act as an institutional facilitator for the activation of business placement paths (job matching) within an operation of coordination and interconnection between the local production system (job offer) and the selected and trained profiles (job demand).

This will facilitate the relocation of people seeking employment, or employed but at risk of expulsion from the labor market, and at the same time the training and qualification (or retraining) of professional profiles required by companies will be a strategic element for innovation and competitive development of the supply chains of the sea economy.

Summarizing, through a system of "actions" that promote continuous learning, theoretical training and work experience, and through the activation of orientation paths on the processes of business creation consistent with the productive vocation of the territory and aligned with the market scenarios (current and expected), the project MED NEW JOB aims to encourage and support the emergence of new business activities and new employment. The recipients of the measures are the unemployed and the employed who intend to enhance and qualify the skills acquired during their professional life, perhaps using them for the creation of their own qualified and sustainable business.


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Aspal Sardinia publication

2 Tourism is worth 9 billion for Sardinia

SRM (Intesa Sanpaolo) study on the prospects for the 2021 season

Sardinia is the only white region in Italy and, as of today, Governor Solinas' ordinance is in effect, requiring those arriving on the island to be tested for Covid-19. It is a health measure but it also has a strong economic implication: Sardinia hopes to remain white in order to have a good tourist season. Tourism, after all, is one of the most important sectors and the numbers confirm this: according to a recent report by SRM, it represents 15.7% of GDP against the national average of 11.8%. Just SRM - Studi e Ricerche per il Mezzogiorno (Studies and Research for Southern Italy), a study center of the Intesa Sanpaolo group - has created a report that analyzes how Sardinia's 2021 season will be.

SRM starts from 2019, the last real tourism year. Tourist presences (the number of nights in accommodation facilities) were 15.1 million, of which 7.7 million were foreigners. A figure of absolute importance is immediately provided: tourist spending in Sardinia was 8.9 billion, more than the regional budget. The turnover of companies in the sector was 2.7 billion. The added value of tourism was 4.9 billion. The weight of tourism on Sardinia's GDP was over 15%, a significantly higher percentage than the Italian average. Among the weaknesses pointed out by SRM is seasonality: 88% of tourist presences in Sardinia were between May and September compared to 67% of the national average; a good twenty percentage points higher.

The study center then published an analysis of the results of the 2020 season. The presences have collapsed to 5.6 million (-62% on 2019), tourist spending has plummeted to 3.5 billion (-60%) and the turnover of companies in the sector has collapsed to not even one billion (-63.5%).

SRM has thus published its estimates for the 2021 season. It hypothesized three scenarios: "more optimistic", "basic", "less optimistic". In all three, the forecasts for Sardinia are less rosy than those for Southern Italy and Italy as a whole. They are, however, encouraging and susceptible to further improvement thanks to the white zone. Let's look in detail at the three scenarios hypothesized by SRM.

More optimistic scenery. Attendances come in at 10.9 million: 72% of those in 2019. Italian presences are 90% of those in 2019; international presences 54.5%. But going into specifics, the prospects are better. Italian presences in the third quarter (July-August, September) come in at 97% of 2019 and foreign presences at 70.7%.  International presences in the fourth quarter (October, November, December) arrive at 83.47% of those in 2019: indicating the possibility - with the vaccination plan almost complete internationally - that there will be a high season month of October in Sardinia. Tourism spending is estimated at 6.1 billion (68.5% of 2019) and tourism business turnover at 1.7 billion (65.5% of 2019).

Base scenery. Attendances come in at 8.7 million: 57.3% of those in 2019. Italian presences are 79.7% of those in 2019 and international presences at 35.7%. Tourism spending is estimated at 4.7 billion (53.3% of 2019) and industry business turnover at 1.4 billion (51.3% of 2019).

Less optimistic scenery. Attendances come in at 6.7 million: 44% of those in 2019. Italian presences are 70.2% of those in 2019 and international presences 20%. Assumed tourism expenditure is 3.7 billion (41.9% of 2019) and the turnover of the companies in the sector is 1.1 billion (40.8% of 2019).

SRM concludes its study on Sardinia by providing some suggestions and highlighting the strengths of the destination for all three scenarios. These include the environment, DOP/IGT certified agri-food productions and the quality of facilities. "In Sardinia the quality of the tourist offer is already very high - it is written in the report -, with a high percentage of hotels in 4-5 stars and luxury category (60%) higher than the Italian average (40%). To maintain high standards repays". A reasoning that applies especially to Gallura, which - with Arzachena and Olbia in particular - holds the record of the luxury offer in Sardinia (60% of the beds) and brings the island to be the third in Italy.


The largest investment company in the world lands in Olbia

BlackRock owns 16% of the management company of the Costa Smeralda airport

The largest investment company in the world, BlackRock, headquartered in New York, with assets worth over 8 trillion dollars, invests in Olbia and Alghero. With two companies, Global Infrastructure Solutions 3 and Global Infrastructure Solutions 4, BlackRock holds 16% of Ligantia, the company that has taken control of Geasar (Olbia airport) and Sogeaal (Alghero airport).

BlackRock's entry into the management companies of Olbia and Alghero airports is part of a more complex operation, but confirms Gallura's extraordinary ability to attract international investors. BlackRock's investment in Olbia airport is in addition to that of Qatar Investment Authority, the Qatari sovereign fund with assets under management of 300 billion dollars, which owns the Costa Smeralda.

BlackRock took part in the operation of the airports through F2i, the Italian investment fund that already had control of Sogeaal in Alghero and that had started a long negotiation with the Aga Khan to have control of Geasar in Olbia as well. The objective was to create the airport hub of northern Sardinia. The Sardinia Foundation (shareholder of the F2i fund) and BlackRock also entered the negotiations. The closing, having obtained all authorizations, took place two days ago. Geasar is now controlled by F2i Ligantia Spa, a company in which the F2i fund has 79%, the Fondazione di Sardegna 5% and BlackRock (through the Global Infrastructure Solutions 3 and Global Infrastructure Solutions 4 funds) 16%. The Sassari Chamber of Commerce (10%), the Nuoro Chamber of Commerce (8%), the Region of Sardinia (2%) and the Consorzio Costa Smeralda (0.2%) remain shareholders of Geasar.

Geasar's 2019 financial statements, the latest approved and available for consultation on Cerved, show excellent results: revenues of 52.7 million, Ebitda of 22.8 million and profit of 16.2 million. Passengers in 2019, before the pandemic caused by Covid-19, were 3 million (the majority foreigners). Olbia and Alghero are a hub of 4.5 million passengers per year. An interesting basin that has also pushed a colossus like BlackRock to choose Sardinia for its investments. The New York company is in fact very active in Italy. It holds important shares in some of the largest listed companies in our country, according to Consob data: Enel (5% of shares), Intesa Sanpaolo (5%), Unicredit (5%), Leonardo (6.3%), Moncler (5%), Fineco (8.8%).


Agreement between Novamarine and ADSB (Abu Dhabi Ship Building)

The skills of the Olbia-based company chosen to produce boats for the Gulf countries

Novamarine, the historic nautical brand based in Olbia and owned by the SNO group, will produce boats in Abu Dhabi together with a company, ADSB (Abu Dhani Ship Building), which is part of the Edge Group PJSC, also based in the Emirates, 25 subsidiaries and a turnover of 5 billion dollars. The agreement was signed yesterday, by videoconference, by David Massey, CEO of ADSB, and Francesco Pirro, CEO of Novamarine, and also provides for the SNO group to market the new vessels in Europe and, in cooperation with ADSB, in the area of the GCC countries (United Arab Emirates, Qatar, Kuwait, Bahrain, Saudi Arabia and Oman).

In the plans of ADSB and Novamarine there is the production of RHIB (Rigid Hull Inflatable Boat), inflatable boats with rigid keel, with a size between 8 and 20 meters, for both military and civil customers. Thanks to the company's expertise and Novamarine's technicians, ADSB intends to increase its product range in this way.

"We are committed to bringing innovative new products to the market. Partnering with industry leaders, such as Novamarine, allows us to anticipate and address market evolution," said David Massey of ADSB. "We are confident in our choice of partner for the GCC region. ADSB has a long and successful track record of building state-of-the-art ships and vessels," said Francesco Pirro of Novamarine-SNO Group.

B Shiver, the SNO Group company that owns the Novamarine brand, thus continues to grow. The balance sheet went from 5.7 million revenues in 2017 to 10.2 million in 2019, according to Cerved data, an increase of 79%. And the construction of the new shed in the Olbia production district of Cipnes Gallura is underway, the first step that will lead to the creation of the 20-hectare Marine Center.