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The global boatbuilding market is expected to reach over USD 47 billion by 2027, at a CAGR of 7.5%, with growing demand for recreational boats in the Middle East and North Africa (Mena) region being an important factor driving the growth.
Dubai’s brands responded with their latest designs and innovations, with local manufacturers and suppliers presenting their latest innovations at the Dubai International Boat Show 2023, which attracts more than 30,000 visitors and industry from around the globe Participants travel to Dubai Harbor for five days to conclude presentations, displays, workshops, launches and workshops.
Well-known exhibitors including Al Rubban Marine, IMG Boats, Invincible Boats, Ocean Boats, Gulf Craft and Victory Yachts showcased their latest creations during the five-day event, with a focus on sustainable solutions. As the global environmental sustainability movement continues to reshape the maritime sector and the future of yacht construction, yacht owners and clients are increasingly interested in innovative technologies that can create greener yachts.
Gulf Craft
Manufacturers such as Gulf Craft have responded to this demand by integrating sustainable solutions into their builds. Abeer Al Shaali, Deputy General Manager, Gulf Craft, said: “We understand that our customers place sustainability and durability first, and we are committed to supporting the path to a sustainable future. We are committed to making our yachts more efficient, lighter and more efficient. Practical, always with the user’s point of view in mind.Our newest yacht, the Majesty 111, showcases the latest trends in boatbuilding, bringing the outside in and creating a natural flow from outside to inside.We believe in bringing nature and light into our Design, we are creating a truly unique and luxurious experience for our customers.”
Brands from 60 countries participated in the show, and participating local manufacturers and distributors reported increased business from various international markets. Paurush Farouk H, Sales Manager for IMG Boats, commented that the market for Middle Eastern products outside the region is strong; he said: “In previous years we had mainly received interest from across the region, but this year we have received interest from international markets, especially Eastern Europe and Australia. More important clues.”
customized
Brands also reported that customization and personalization topped the list of customer needs this year, as buyers are keen to make purchases that reflect their individuality. Shahid Ahmed Jiwrak, Ocean Boats Sales Manager, said: “We have observed that tourists are impressed by the customization options offered by Ocean Boats. This is very important as today’s customers demand a highly personalized product. Or the rear-facing seats, the center console, the roof over the steering wheel, or even the bathroom on the boat. As designers, we listened to all of these preferences and incorporated them into the final boat design in the most innovative way possible , so that customers can get a vessel that meets their specific needs.”
For local boat builders and equipment suppliers participating in the Dubai International Boat Show 2023, the event plays an important role in providing the industry with a platform to showcase its excellence to the international market. Abdulaziz AlMeraikhi, owner and founder of Invincible Boats’ distributor Ultra Marine, added that its nearly 30-year history could entice yachting companies to relocate their headquarters to the UAE or set up permanent offices there. trade arab news agency
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