Iskandar Safa on Privinvest and Shipbuilding

 

Iskandar Safa was born in Lebanon in 1955. His family is Maronite Christian. They sent Iskandar off to France for his schooling and to escape the political and civil chaos that was beginning to grip Lebanon. He returned to Lebanon to study civil engineering at the American University in Beirut. After the completion of his degree, Iskandar decided to work for his family’s civil engineering firm on a project in Riyadh Saudi Arabia. He went to work designing a military academy with an airstrip. He worked this project for three years before taking up formal training for a business career.

Iskandar Safa attended the European Institute of Business Administration from which he earned an MBA. With this degree successfully in hand, he decided with his brother Akram Safa to start a business called Privinvest Group.

Early on Iskandar and Akram, under Privinvest Group designation, decided to test their business skills by purchasing a failing European Hotel. They turned it around and made it profitable again. Go Here to learn more.

Iskandar then decided there was plenty of potential profit to be had in the shipbuilding industry. So Privinvest Group started out with a contract from the US defense contractor Northrup to build navy ships. Via this company, Iskandar took over a failing shipyard in Cherbourg France; acquired Constructions Mécaniques de Normandie (CMN). It took just two years to turn the shipyard around and make it profitable. By the end of 1991, the shipyard had a full order book and 500 employees. Since then Privinvest Group’s shipbuilding properties have expanded to Germany, the United Kingdom, and the Middle-east.

Privinvest Group has to date manufactured over 2000 vessels for military and civilian use. The military vessels have been shipped to more than forty countries, and the civilian ships have been mega-yachts. Iskandar Safa has made certain that his company installs all the latest technology on its naval and civilian craft.

Iskandar Safa has sought to use his wealth and his person for humanitarian purposes. To that end, he has funded the rebuilding of churches. He funds the Lebanese Special Olympics and has personally negotiated the release of French citizens from terrorists in Lebanon. See This Page for additional information.

 

Additional reference article: https://www.crunchbase.com/organization/privinvest