Duboats, a new company founded by the Bin Zayed Group to cater to the increasing demands of Middle East's fast growing leisure boating market is making its debut at the Dubai International Boat Show to be held March 19-22, 2003. The company will showcase its international product range including sailing and powerboats at the Dubai Creek Golf and Yacht Club during the show.
Waterfront properties with emphasis on marina developments and facilities, as well as international water sport events such as power boat races in the region have resulted in increasing levels of interest in the sailing and powerboat sectors.
Bahrain, Qatar and the United Arab Emirates (UAE) have all begun major projects that focus on waterfront properties, which offer both leisure and commercial opportunities to companies in the boating industry.
Duboats has partnered with industry leaders to offer a range of sailing and power boats to meet the multifaceted demands by clients in the Gulf Cooperation Council (GCC) region—be it cruises, sport fishing or power racing. The company is drawing on the industry's top-notch international expertise within a local setting to identify and meet the specific requirements of the GCC market.
"The growth potential of the marine sector in the Middle East region is immense. The ongoing development of waterfront properties and the facilities being created to accommodate the influx of new powerboats, yachts and cruise liners bodes well for this rapidly progressing industry. High disposable incomes, a superb coastline and the fast expanding tourism sector will all contribute to the leisure boating industry, " said Sheikh Khalid Bin Zayed Bin Saqer Al-Nehayan, Chairman of Duboats.
Duboats has signed an agreement with the Bיnיteau Group, the world's largest recreational boat manufacturer, which has a 120-year old boating tradition, to promote its products in the GCC region. The Bיnיteau Group has a 22 percent market share in sailing boats worldwide. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
