UAE leads Gulf region yachting sales
The Middle East VIP Boat Show, to be held at the Dubai Creek Gulf and Yacht Club, March 20-23, 2002, will be twice the size of the 2001 edition and showcase more than 20 leisure boats ranging in size from 12.5 - 30.5 meters on the waterfront, stated a press release. The number of chalet tents on the shoreline, which will display a range of marine and boating accessories, has also doubled in volume for 2002.
Marine industry analyst, Mike Derrett, says the interest in the VIP Show is being fuelled by growing regional sales in the 15-24 meter boat size range. The Gulf Yachting company, which will be exhibiting five luxury crafts—including four Azimut models and one AB yacht—at the VIP Show, has experienced marginal sales increases in the past few years, and anticipate the trend to continue.
"We've sold more than 20 large crafts in the past three years and we expect that figure to continue to grow over the next 12 months," said Alessio Tumbiolo of Gulf Yachting. "Considering that a market survey conducted in 2000 revealed that there were more than 900 craft in the 15-24 meter range in the Gulf region, of which just under half were in the United Arab Emirates (UAE), this is good news for boating suppliers," said Derrett.
Gulf Yachting, which represents several Italian boat builders, says its brands are becoming more popular in Gulf waters. Italy's leading financial newspaper, Il Sole 24 Ore', recently reported that the country's turnover in boat and marine equipment in 2000 reached $1.2 billion, representing a 20 percent increase over 1999 figures.
Princess Yachts of the United Kingdom (UK) will feature three models at the VIP Boat Show. Local boat builders will also have a presence with Sharjah-based Riviera Pool, a manufacturer specializing in pilot, patrol and pleasure fishing boats and yachts, displaying a 17-meter model. Al-Owais Boat Industries will also feature a 17-meter model. Gulf Craft will showcase five models, including its Ambassador series.
Entry to the VIP Segment of the Middle East International Boat Show is by invitation only. However, the main event at Airport Expo Dubai is open to the general public and trade professionals. It will feature boats and equipment for power boating, sailing, diving, jet skiing, water skiing, sports fishing and all forms of marine leisure. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
- UAE-based Super Yacht Manufacturer to Exhibit at Abu Dhabi Yacht Show 2009
- UAE continues to lead Middle East luxury yacht and boating industry
- Gulf-based Boat Builders, Charter Services and Clubs Drive Growth of Regional Yachting Industry
- UAE controls half the Gulf boats building industry
- Bigger is doing better in Superyacht Market with Mideast buyers leading the charge