Gulf Craft Inc., the most prominent manufacturer of luxury yachts and leisure craft in the Middle East and Asia, hosted a unique ‘Yachting Lifestyle Show’, at The Pearl, Qatar from October 27-29 2011. The luxury yacht event and lifestyle show showcased the superyacht builder’s motor yachts as well as celebrated Gulf Craft’s 30th anniversary.
Clients, media and the public will be able to view a range of luxury super yachts and yachts, sport cruisers and leisure boats from Gulf Craft’s Majesty Yachts, Oryx and Silvercraft brands at the Yachting Lifestyle Show, held in association with Gulf Craft’s Doha agents, Aurora Yachts and Speed Marine, as well as luxury lifestyle brand Tanagra. The Majesty 101 motor yacht was the largest superyacht on display.
“The Qatar yacht market is a very important market to us. The country’s leisure marine market is vibrant with growing demand from private yacht owners and charter brokers in addition to several large waterfront developments, luxury marinas and new berthing facilities coming online in the next few years – including those capable of accommodating the superyacht and megayacht category,” says Mohammed Bin Hussein Al Shaali, Chairman of Gulf Craft.
Qatar has significant waterfront development projects in various stages of development. For example, the Lusail City development, with a number of marinas and as many as 1,500 new berthing slots under development, is expected to become a busy maritime hub and waterfront destination when completed.
In the meantime existing luxury lifestyle destinations such as The Pearl Qatar along the coast of Doha’s prime West Bay district, already have berthing facilities available with more marina facilities planned, which are set to further boost the growth of the country’s marine leisure lifestyle.
The country’s concentration of HNWIs and UHNWIs is another draw card. According to a recent report by Credit Suisse Research Institute, Qatar has the wealthiest people in the Middle East and North Africa region, with the average wealth per adult standing at $146,623 – a six-fold wealth increase since 2000.
“Qatar is a nation with a rich sea-faring culture and therefore they do not only appreciate sailing and cruising as a recreational activity, but also have a connoisseur’s eye for well-engineered yachts built to a high finishing standard,” said Al Shaali. “With Gulf Craft’s proven track record of building yachts and boats since 30 years, and exporting them worldwide, we are proud to be recognized for our efforts by our Qatari customers,” he concluded.
Erwin Bamps, Chief Operating Officer for Gulf Craft, added: ‘As market leader in the Qatar market, we have a high number of yacht and leisure craft customers in this market already. We have appointed dealers in the market to ensure a strong technical and commercial support for our products and have come today to Doha to show our continuing commitment to the Qatari market, as well as to invite everyone to see some of our newest product releases.’
About Gulf Craft
Gulf Craft is a major global manufacturer of fiberglass yachts and boats and one of only a few boat builders worldwide with the capability to produce a range of marine craft from 20ft roundabouts up to 135ft superyachts. Founded in The United Arab Emirates in 1982, Gulf Craft has a 100% track record for delivery over three decades.
With an annual production capacity of about 500 craft, Gulf Craft is the Middle East’s and Asia’s leading fiberglass boat and yacht manufacturer and currently exports over 70% of its production to 40 countries through the Majesty Yachts, Oryx and Silvercraft brands. In addition, Gulf Craft has the capability to provide global advisory and assistance on all aspects of boat ownership, from design to mooring, registration, operation, maintenance and trade-in.
Find out more about chartering a Gulf Craft motor yacht or view the image gallery of Gulf Craft charter yachts below.