The contract for the new port was awarded to the owner of Málaga Football Club, the Qatari Sheikh Abdullah Bin Nasser Al-Thani, whose right hand man and Vice-President of Málaga, Abdullah Mohamed Haj-Ghubn, was there to give details of the project on Tuesday, accompanied by the Partido Popular Mayor of Marbella, Ángeles Muñoz.
Diario Sur reports that the Sheikh will make available the 400 million budget for the Marbella Port project from his own funds, and it’s hoped that not having to depend on funding from the banks will allow the work to be completed within a timescale of three years. The aim is for building to start at the beginning of next year. The new Marbella Port will have mooring for 858 boats, a dry dock for another 360, plus two berths for yachts of up to 125 metres in length. There will also be a dock for 175-metre cruise liners, with capacity for 500 passengers. The temporary consortium formed for the project has been named Bin Nasir Abdullah & Sons, in which Marbella Town Hall has a 3% share. It could be just the right time to invest in a Marbella property, when the project is completed in 2015 prices of apartments in Marbella should increase significantly.