THE Balearic Institute of Business Innovation (IDI) and the Balearic Marine Cluster has announced its plans to promote nautical services in Mallorca at an international level.
Juan Pedro Yllanes, the Minister of Energy Transition and Productive Sectors and Antonio Salom, the President of the Balearic Marine Cluster signed an agreement last week which aims to strengthen boat repair and maintenance services in the Balearic Islands in the overseas market, with a focus on large vessels.
A budget of €97,000 has been assigned to fund a report on how captains, owners and management companies view repair, maintenance, moorings and operations in the Balearics. The discussion topics from the study will be used in a forum held on April 28, a day before the opening of the next edition of the Palma International Boat Show.
The findings will help the group to develop a strategy for the coming years based on the opinions and expectations of its potential clients, strengthening the promotion of the Balearic Islands to a global audience as a destination for refit and repair.
In the Balearic Islands, the nautical sector consists of 276 companies and 2,676 employees, obtaining an average turnover of around €561 million a year. The industry has grown by 10.5 per cent in the last four years where there is huge potential for international growth.