SUTL signs MOU to develop and expand Hainan Island’s pleasure yachting industry

SINGAPORE (Sept 13): SUTL Enterprise on Tuesday announced that it has signed a Memorandum of Understanding (MOU) with the Hainan Cruise & Yacht Association (HCYA) to be its strategic partner in the development and expansion of Hainan Island’s yachting, cruising and maritime industry.

This comes on the back of increasing interest in yachting and waterfront lifestyle among China’s wealthy in recent years.

The MOU will facilitate the exchange of ideas between the two parties with the aim to boost the island’s services and facilities at existing and upcoming marinas on Hainan Island as well as to raise the profile of HCYA as the leading association for the promotion of yachting in China.

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