All confirmed: management and investments for 120 million euros in Costa Smeralda.
The shareholders’ meeting of Smeralda Holding, the Italian company controlled by the sovereign wealth fund Qatar Investment Authority and owner of assets and land along the Costa Smeralda since 2012, confirmed Franco Carraro as president and Mario Ferraro as president for another three years. CEO.
Investments of 120 million
“Qatar Holding, controlling shareholder of the Group – reads a note – has renewed full confidence in the top management of the company in the maximum sharing and appreciation of the strategic plan that Smeralda Holding, through the work of its top management, is carrying out and confer mandate to continue the plan which provides for investments of 120 million euros destined to requalify the assets and raise the quality of the tourist offer, generating important economic repercussions on the territory ». For Mario Ferraro also another confirmation. That of president and CEO of Servizi consortili, the operating company and 100% controlled by the Costa Smeralda Consortium. For the supervisory business branch, he confirms as CEO for Davide Cerea.
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The industrial plan
«I would like to thank the Qatar Investment Authority for the renewed confidence. In harmony with the shareholder, we are carrying out an important renovation project on a historic and important tourist complex that is unique in the world – comments Mario Ferraro -. The industrial plan of Smeralda Holding, which includes major investments in the Gallura area, in synergy with the Costa Smeralda Consortium, aims to reposition the destination to further increase its attractiveness for an increasingly beautiful Costa Smeralda, richer in offer and more sustainable. “.
Interventions and heritage
This program includes the interventions that Smeralda Holding, owner of the Cala Di Volpe, Romazzino, Pitrizza and Cervo hotels, the Porto Cervo Marina, a shipyard, the Pevero Golf Club, in addition to other minor assets, 2,300 hectares of land on the coast, carried on in its facilities. Interventions carried out with the aim of «repositioning the tourist position making it contemporary and competitive, increasing the number, exclusivity and diversification of services».
Tourism and sustainability
Not only that, for some time the Group has started a path dedicated to sustainability with the creation of a series of initiatives aimed at enhancing green spaces with the creation of nature trails, the adoption of a plastic free policy within the hotels, and actions and practices relating to the strategic management of waste, water, energy and mobility, up to the signing of an agreement with the Business Management School of Bocconi University to define a Sustainability Plan aimed at reducing the environmental impact of the Group’s activities over the next five years.