Strong Sales and Impressive Fleets Featured

At this year's Dubai International Boat Show

by

Editor

29 April 2013

With four superyacht hull premieres, the announcement of the construction of the Majesty 155, the largest-ever built in the UAE’s history as well as the showcase of 19 of the world’s most luxurious superyachts, the 21st edition of the Dubai International Boat Show featured an impressive roster of regional and global launches. This year, the notable increase in participation from leading international maritime exhibitors showed how the show is becoming a pivotal platform in which to showcase the widest range of boats in the GCC as well as worldwide.

The event took place at the Dubai International Marine Club – Mina Seyahi and showcased over 563 international companies, brands and exhibitors from more than 49 countries as well as included debut appearances from Malta, Armenia and Malaysia. In addition, the US, Turkey and Italy increased their presence this year with Turkey occupying the largest exhibition space. “The annual Dubai International Boat Show is among the world’s very best platforms for Turkish companies like ours to sell to Gulf buyers of luxury leisure marine products and services,” said Sebahattin Hafizoglu, Founder and Chairman of Vicem Yachts. “As Turkey has expanded its exhibition space by more than eight times this year, Vicem Yachts has also increased its presence significantly – in line with our belief that there is demonstrated demand for superyachts of our caliber in the Middle East. The US and Italy increased their total exhibition space by 110 and 47 per cent respectively. As part of the US exhibition space, a new Florida pavilion highlights the greater demand for American-made products and leisure crafts.

In the Luxury Supplies and Services (LSS) section of the show, international exhibitors from Egypt, France, Germany, Italy, Oman, Monaco, the Netherlands, Turkey, UAE and US were present with Turkey showcasing 10 of the new exhibitors. The Dive Middle East (DMEX) segment of the exhibition also saw a 35 per cent expansion this year with new international exhibitors from Denmark, France, Germany and the US, among others.

The first few days of the show reported strong sales with several exhibitors stating purchases from the instant the fair opened. Even before the event, expectations for sales were high given the Middle East’s growing number of high networth individuals (HNWI). According to a recent Boston Consulting Group analysis, Saudi Arabia, Kuwait, Qatar and the UAE are among the world’s top 10 countries with the highest density of ultra-wealthy households. The show also attracted wealthy buyers from Asia, particularly India, China and Turkey – all countries which have recently noted a boom in USD millionaires and extremely wealthy individuals. With a steady stream of sales and an increase in international and regional exhibitors, this year’s Dubai International Boat Show proved the event’s value as well as Dubai’s pivotal location as a crucial crossroads for the international luxury maritime industry.