Is Dubai becoming a hub for the yachting industry?

February 27, 2019 5:17 pm


The 27th edition of the Dubai International Boat Show (DIBS) has cast anchor at the Dubai Water Canal in Jumeira 2 and it’s making waves.

From February 26 to March 2, this display of luxury on the water will include a fleet of about 500 yachts and boats from more than 50 countries. There’s everything from superyachts and sailing boats, to sports boats, speed boats, fishing boats, catamarans and more to view and buy at the Dubai waterfront.

Dubai, which has already staked its claim as a leading business and financial hub in the Middle East, is now growing into a hub for the yachting industry as well.

“The Dubai International Boat Show has organically developed into a pivotal industry event, attracting exhibitors and buyers from around the world,” said Trixie LohMirmand, senior vice president of the Exhibitions and Events Management of Dubai World Trade Centre, in a statement.

 

A sight to “sea”

The Italian shipyard, for instance, is represented at the boat show with two new launches from Azimut Yachts –  the Azimut Grande 25 Metri and the Azimut S7. The Azimut 25 Grand Metri has already won several awards, including the ‘Best Motor Yacht in Asia’ at the Christofle Yacht Style Awards.

This region has not only appreciated the distinctive features of Azimut Yachts’ models but has always provided positive feedback on the innovation and technology applied in our entire Grande Collection. This has always helped us in successfully bringing yachts with strong personalities, addressed to a specific target, in this region,” said Marco Valle, CEO, Azimut Yachts.

 

 

There are a total of 12 Italian specialized marine equipment suppliers and service providers at the event.

“The UAE has become one of the top 10 maritime capitals in the world,” said Gianpaolo Bruno, Italian Trade Commissioner to the UAE.

“We are joined by three more Italian companies this year compared to last year’s exhibition, reinforcing the influence that this event has amongst the industry, both locally and internationally,” Gianpaolo Bruno added.

For the first time ever, this year’s Dubai International Boat Show will feature the involvement of Dolphin Marine Group, a regional leader in maritime safety equipment and services.

“The UAE marine industry is well developed and is forecast to be worth approximately $66 billion in 2019,” said Hussein El Bagouri, the Managing Director of Dolphin Marine Group. “The event (DIBS) has significantly grown in size with each year of the event’s existence. This makes it an ideal location for industry-related companies to attend, network, gain market exposure and showcase capabilities that will further enhance the sector as a whole.”

In addition to a planned 1,100 berth mega-marina-project – a scaled model is on display at the boat show – the event will also have sailing and fishing competitions, live music and entertainment, diving displays, and water sports such as jet skis.

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Anup Oommen
By Anup Oommen
Anup Oommen is a Business Editor at MediaQuest Corp. He has been a journalist for the last eight years and has extensive insight and expertise in international relations, macroeconomics, sports and financial news.



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