ROYAL Caribbean Group (RCG) has formed a new strategic partnership with iCON Infrastructure to develop its port facilities. The proposed partnership will own, develop, and manage cruise terminal facilities and infrastructure in home ports and key ports of call. The partnership will be 90% owned by iCON and 10% by...
ROYAL Caribbean Group (RCG) has formed a new strategic partnership with iCON Infrastructure to develop its port facilities.
The proposed partnership will own, develop, and manage cruise terminal facilities and infrastructure in home ports and key ports of call.
The partnership will be 90% owned by iCON and 10% by RCG, and will be managed by an independent team with strategic support from Royal Caribbean.
Both parties have committed to provide funding for future expansion in accordance with their interest.
The new partnership will initially include PortMiami, and several development projects in Italy, Spain, and the US Virgin Islands.
It will also pursue additional port infrastructure developments based on the pipeline of projects as part of RCG’s destination development strategy.
“Our partnership with iCON is a unique opportunity to catapult us into the coming decades of port investments, build further financial strength, and provide exceptional cruising experiences, responsibly, to our guests at the best destinations in the world,” said RCG President & Chief Executive Officer Jason Liberty.
“Over the last few years, we have developed more destinations than any other cruise company and this new partnership will allow us to implement a capital-light investment framework to accelerate the development of strategic destinations around the world.”
