Masar Group, a subsidiary of Bahrain’s sovereign wealth fund Mumtalakat, has signed an agreement with UAE-based The Captain’s Club to launch Bahrain’s first membership-based boat club, offering a new, cost-effective model for marine leisure.
The partnership, signed on the sidelines of the Gateway Gulf 2025 investment forum, will introduce a unique range of marine services, allowing members to operate a diverse fleet of boats without the high cost and complexity of ownership. The model is touted to save members over 90 per cent compared to traditional ownership costs.
The Captain’s Club, which is the region’s largest boat club with a fleet of over 200 vessels across the GCC, offers fishing boats, speedboats, and cabin cruisers. Members receive specialized training to operate the boats independently.
Husain AlQaseer, chairman of Masar Group, stated the partnership supports efforts to diversify the national economy and strengthen Bahrain’s position as a regional hub for tourism and marine services.
“This partnership represents a strategic step toward providing advanced and accessible marine services to all,” Mr AlQaseer said.
The Captain’s Club currently operates more than 20 locations across the GCC, and its entry into Bahrain is a strategic move to strengthen its presence in a pivotal region, according to The Captain’s Club chief executive officer Zaid Shouli.
The agreement was signed by Masar Group chief executive officer Yusuf Al Manea and Mr Shouli. The Bahrain branch marks the club’s first in the kingdom.
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