The Middle East region is home to 12.6% of the world’s superyachts, the second highest fleet-to-billionaire ratio in the world
The Dubai International Boat Show (DIBS 2022) has played a major role in strengthening Dubai’s position as a global maritime hub that attracts people from all walks of life and around the world, officials said Wednesday morning.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, inaugurated the 28th edition of the event which runs from March 9-13, 2022 at its new venue in the Port of Dubai. The show brings together over 800 brands from 54 countries and will feature 34 new launches as well as a range of interactive features throughout the five-day show.
Saeed Hareb, Secretary General of the Dubai Sports Council and Senior Advisor to the Dubai International Boat Show, stressed the importance of the event returning to its new location close to the heart of Dubai. “It is important for us to present the facilities of the port to the rest of the world.”
Trixie Loh Mirmand, Executive Vice President of Events Management at Dubai World Trade Centre, organizers of the event, also spoke about the importance of the Port of Dubai and its location at the heart of the Dubai 2040 Master Plan. “It’s a major tourist hub and for us it’s a great permanent home for the Dubai International Boat Show. Another reason we’re very excited about the new location is the access to the sea it offers. , so we will see a lot of boats in action during the show.
She also talked about the various initiatives that have attracted more tourists to the city, such as the Dubai winter destination and the winter tourist season. “Everyone wanted to experience and explore what Dubai had to offer and a lot of people came to Dubai during the winter season with their boats, so the industry has been on a steady trajectory over the past couple of years.”
“It gives me great pleasure to welcome everyone to the new permanent home of the Dubai International Boat Show,” said Abdulla Bin Habtoor, Director of Portfolio Management at Shamal Holding, owner and custodian of Dubai Port. . “We embarked on a journey a few years ago to design a new island in Dubai where we wanted to reimagine the way the city engages with the waterfront. In doing so, we designed the largest marina in the city, and one thing we always had in mind was designing a permanent home for the Dubai Boat Show.
“It’s because we knew we couldn’t achieve our vision in the industry alone,” he added. “We need the right partners to showcase our assets and our offers. With 700 berths in the marina, we are very interested in the growth of the yachting industry in the UAE. »
Farouk Nefzi, CMO of Feadship, also underlined the good health of the yachting industry worldwide: “If you look at the deliveries so far, you can clearly see that the majority of units are between 40 and 60 meters. We have delivered quite a few yachts over the years of the pandemic. However, as an industry, we must anticipate the needs of Millennials and Gen Z. Indeed, until 2030, there will be approximately $50 trillion in wealth that will be transferred from the older generation. millennials and Gen Z.”
Millennials, he explained, are a very different kind of customer, who value themes like sustainability and experiences in their lives, and shipbuilders need to understand their needs to better meet them.
Gulf Craft unveils the first details of a new superyacht
Gulf Craft, which is celebrating its 40th anniversary, unveiled the design of a new superyacht at the Dubai International Boat Show on Wednesday.
The pioneering boatbuilder in the UAE is again present at the show with the largest fleet of boats and yachts ranging from 34 to 120 feet.
Mohammed Alshaali, Chairman of Gulf Craft, said the Dubai International Boat Show is an event that celebrates the UAE’s fast-growing yachting sector, but also pays homage to the region’s rich maritime heritage. “This year, we are highlighting the growth of our business and introducing a series of new models, all manufactured from our integrated factory in the United Arab Emirates. Over the past four decades, we have grown from a regional shipbuilding pioneer to a global brand. We are honored to have contributed to the region’s yachting industry and will continue to build on our heritage to elevate the nation’s reputation as an exceptional yachting destination.
During a press conference at the event, he unveiled the Majesty 111 design concept, which will set a design precedent for all future Majesty models, offering more than ever in terms of design, engineering, of architecture and technical characteristics.
“It’s not a new yacht, but a new concept,” he said. “The yacht will be present at the boat show next year.”