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Under the sponsorship of P&O Marinas, a subsidiary of DP World, the International Superyacht Summit, initiated and co-organized by Fabulous Yachts, is one of the most anticipated events in the yacht tourism industry and is scheduled to be held from December 8th to 9th 2021. The event is organized in collaboration with key stakeholders such as the Dubai Ministry of Economy and Tourism and the Dubai Maritime City Authority. It will be held in the iconic Queen Elizabeth 2 Building at Minarashid Marina in Dubai.
Since its launch in 2018, the International Superyacht Summit has attracted global attention and won the trust of the yacht industry at home and abroad. As an integral part of P&O Marinas’ strategy, this summit will lead Dubai and the UAE to become the preferred yacht destinations in the Middle East.
Provide first-class infrastructure
The UAE has a world-class port and superyacht berths equipped with the most advanced facilities, providing an ideal environment for the booming yacht tourism industry. Dubai is particularly attractive and competitive, including suitable berth space, dedicated support facilities, and strategic location along the beautiful coastline.
Hamza Mustafa, Chief Operating Officer of P&O Marinas Said: “The UAE’s economy is diversified and tourism is one of its core pillars. Taking advantage of this, the country has become a unique luxury yacht destination. At P&O Marinas, through our series of popular yachts and coastal destinations Our sole purpose is to develop and promote Dubai as a comprehensive maritime hub and global maritime tourism destination. Our terminal portfolio is one of the most comprehensive terminals in the Middle East, with a total capacity of 1,200 wet berths and 600 dry berths. The berth can accommodate 60 superyachts ranging from 25m to 160m. In addition, we have been working hard to ensure that the Emirate remains the center of yacht and superyacht owners.”
Mustafa “In addition, according to a report by Research and Markets, it is estimated that by 2027, the market value of the global yacht industry is expected to reach 84.7 billion U.S. dollars, with a compound annual growth rate of 4.1%. This growth will definitely affect the superyacht industry. Our mission now is to raise these numbers through the 2021 International Superyacht Summit, which will promote the development of the industry locally and globally.”
Highlight key industry issues
Two new themes will be introduced at the 2021 International Superyacht Summit. The first one focuses on the development of super yacht marina and its role in enhancing lifestyle and tourism as well as the elite yacht industry. The second theme focuses on emerging trends in superyacht ownership and how builders can meet the needs of young yacht owners and charterers. The core of this is the ever-increasing environmental awareness and deployment of sustainable practices.
Captain Tony Crabbe, CEO of Fabulous YachtsSaid: “The superyacht industry has made great progress, especially since the COVID-19 pandemic. Through the summit, we hope to highlight the success of the industry. The event will also serve as a platform for many decision makers and superyacht enthusiasts. Establish awareness and synergy between them.”
The summit will attract representatives, speakers and sponsors from global niche industries, including superyacht marina operators, superyacht builders, modification and maintenance, leading operators, yacht management companies and yacht designers, as well as relevant governments Representatives and industry experts, the summit will use the industry’s comprehensive advantages and expertise to stimulate discussions around the regional development of the superyacht industry and the megayacht industry. Due to the large number of inbound tourists, events held during the 2020 Dubai Expo will further expand its influence.
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