The Business of Middle East Superyachting

Author: The Maritime Observer

  • Saudi Red Sea Authority Grants Operator License to Jeddah Yacht Club & Marina

    Saudi Red Sea Authority Grants Operator License to Jeddah Yacht Club & Marina

    The Saudi Red Sea Authority has issued an operator license to Jeddah Yacht Club and Marina in a move to boost marine tourism and strengthen the Kingdom’s position as a yachting hub. Jeddah Yacht Club and Marina is the first international harbor to receive this license.   The organization, owned by Public Investment Fund subsidiary Sela,…

  • UAE, Jordan & Turkey Marinas Receive Top Honours at Abu Dhabi Maritime Awards 

    UAE, Jordan & Turkey Marinas Receive Top Honours at Abu Dhabi Maritime Awards 

    The Marinas edition of the 2024 Abu Dhabi Maritime Awards was held on November 23rd, recognizing achievements, initiatives, and leadership exhibited by marinas across The Middle East, North Africa, and the Türkiye (MENAT) region. The ceremony, held under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, announced the winners during this year’s…

  • Mohammed AlShaali – A Progenitor of Middle East Boat Manufacturing

    Mohammed AlShaali – A Progenitor of Middle East Boat Manufacturing

    Last week, the founder and chairman of UAE-Based shipyard Gulf Craft Mohammed AlShaali received a lifetime achievement award at the Boat Builder Awards in Amsterdam, recognized for his efforts in building Gulf Craft to the globally successful shipyard it is today. Mr. AlShaali’s contributions to The Middle East cannot be understated.  In the same way…

  • Gulf Craft Chairman Mohammed Alshaali Honoured with “Lifetime Achievement” Award at the Boat Builder Awards

    Gulf Craft Chairman Mohammed Alshaali Honoured with “Lifetime Achievement” Award at the Boat Builder Awards

    During the 10th annual Boat Builder Awards, Gulf Craft Chairman Mohammed Alshaali was honoured with a Lifetime Achievement Award. The 2024 Boat Builder Awards ceremony, an event organized by business magazine IBI and trade show METSTRADE, was held at Amsterdam’s National Maritime Museum.  As the recipient of the Award, Mr. Alshaali was recognized for his…

  • 2024 Abu Dhabi International Boat Show Guide

    2024 Abu Dhabi International Boat Show Guide

    The Abu Dhabi International Boat Show (ADIBS) returns to Marina Hall at ADNEC Centre in Abu Dhabi for its 2024 edition. The event, which runs from 21-24 November, is the largest marine event in Abu Dhabi, attracting over 34,000 visitors annually. ADIBS, introduced in 2018 and returns this year for its sixth iteration, has become…

  • “Dubai Code for Ports” Launched by Ports, Customs and Free Zone Corporation 

    “Dubai Code for Ports” Launched by Ports, Customs and Free Zone Corporation 

    In an effort to boost maritime capacity, The Ports, Customs and Free Zone Corporation (PCFC) has announced the launch of the ‘Dubai Code for Ports”. Explained as a first of it’s kind project, the code is a comprehensive technical guide to set benchmarks for the maritime infrastructure sector in the UAE and beyond. The guide…

  • NEOM Board of Directors Announces Leadership Change, Appoints New Acting CEO

    NEOM Board of Directors Announces Leadership Change, Appoints New Acting CEO

    Leadership changes at NEOM took place this week, principally with the appointment of a new acting Chief Executive Officer Aiman Al-Mudaifer.  Al-Mudaifer replaces Eng. Nadhmi Al-Nasr, who has overseen the project as. since August 2018. A reason for Al-Nasr’s departure was not given. There is no word on if this affects any of the superyacht…

  • Qatar’s Marsa Port to Open New Superyacht Facility

    Qatar’s Marsa Port to Open New Superyacht Facility

    At this year’s Qatar Boat Show, maritime and logistics solutions company Qatar Navigation (Milaha) has agreed with the Qatar Free Zones Authority (QFZA) to construct The Milaha Yacht Yard, a new shipyard at Qatar’s Marsa Port. The facility will be located at Umm Alhoul Free Zone in Marsa Port and will span 22,000 square meters.…

  • Gulf Craft Announces Plans for New Facility in the UAE

    Gulf Craft Announces Plans for New Facility in the UAE

    UAE-based builder Gulf Craft announced the opening of a new facility by the end of this year. Alongside showcasing a fleet of superyachts, Gulf Craft took to the Qatar Boat Show to share the news of the brand new 108,000-square-foot facility, which will be located in Ajman, UAE. This marks the second facility by Gulf…

  • Saudi Arabia Launches Super-Coastal Destination “Saudi Red Sea”

    Saudi Arabia Launches Super-Coastal Destination “Saudi Red Sea”

    On November 5th, at the 2024 World Travel Market event in London, England, Saudi Arabia officially launched a maritime tourism initiative in the Saudi Red Sea.  At the Saudi Pavillion, His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Saudi Tourism Authority formally introduced  The coastal super-destination, which finds several key land and…