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Press release

Crown announces USD 10 million initial Kuwait electric-vessel agreement

Coverage reported an initial agreement with Badr Sultan Group to develop zero-emission electric vessels for the Middle East market.

Crown Beluga electric yacht concept featured with the Kuwait agreement coverage
Article image and coverage · TradeArabia

Key facts

Announcement
20 March 2023
Counterparty
Badr Sultan Group, Kuwait
Reported initial order
USD 10 million
Vessel range
7.3 m to 23.9 m

Story summary

Crown Electric Ships and Boats announced an initial agreement with Kuwait's Badr Sultan Group to develop and supply a fleet of zero-emission electric vessels for the region.

Contemporaneous reporting described an initial USD 10 million order covering electric cabin cruisers and catamarans ranging from 7.3 metres to 23.9 metres, designed for Middle East heat, humidity and sea conditions.

The agreement was reported as having been initiated around IDEX/NAVDEX 2023 in Abu Dhabi and signed by Ayman Badr Sultan al-Essa and Crown chairman Sonu Jayan.