The Business of Middle East Superyachting

Author: The Maritime Observer

  • Seventh Edition of the Egypt International Boat Show Announced for February 2025

    Seventh Edition of the Egypt International Boat Show Announced for February 2025

    Seven months after the Egypt International Boat Show made its return following a 13-year hiatus, the seventh edition of the show now returns in a new winter slot. The event arrives at it’s new home at the Cairo International Convention & Exhibition Centre (CICC) from 6-9 February 2025. Located on the south of Cairo’s train station,…

  • NEOM’s Sindalah Marina Awarded 5-Gold Anchor Accreditation; First Ever in Saudi Arabia

    NEOM’s Sindalah Marina Awarded 5-Gold Anchor Accreditation; First Ever in Saudi Arabia

    October 08, 2024 – Sindalah Marina has been accredited as a 5-Gold Anchor Marina by The Yacht Harbour Association (TYHA). Sindalah Marina, managed by IGY Marinas, is the first in the Kingdom of Saudi Arabia to earn this accreditation.  Situated in NEOM’s luxury island Sindalah, the first project to be announced by the development,  Sindalah…

  • 136-Meter Superyacht Flying Fox No Longer Placed Under Sanctions by the US; Available for Charter Globally

    136-Meter Superyacht Flying Fox No Longer Placed Under Sanctions by the US; Available for Charter Globally

    The US Office of Foreign Assets Control has removed Flying Fox, the 136-meter superyacht, from its sanctions list. This move now allows the superyacht to be chartered without any restrictions imposed.  In June 2022, the Lürssen-built vessel was listed as blocked property by the US Department of Treasury, following the 2022 Russian invasion of Ukraine,…

  • D-Marin Announces Port De La Mer Marina; Fifth Superyacht Marina in Dubai

    D-Marin Announces Port De La Mer Marina; Fifth Superyacht Marina in Dubai

    October 03, 2024 – Marina chain D-Marin announced a new addition to its roster of world-class marinas, Port De La Mer Marina. Located on the coast of La Mer’s north peninsula, the first phase of the marina will operate at a 32-berth capacity. In total, the marina plans to accommodate 160 berths, for vessels up…

  • NEOM Announces Sindalah Yacht Club, Designed By Stefano Ricci

    NEOM Announces Sindalah Yacht Club, Designed By Stefano Ricci

    October 1st, 2024 – Saudi Arabia’s luxury development NEOM announced an upcoming yacht club for superyacht destination SINDALAH. Sindalah Yacht Club, with designs penned by Italian designer Stefano Ricci, spans 1,800 square meters and will also feature a lounge and an exclusive fine-dining experience curated by Chef Enrico Bartolini. Management of Sindalah Yacht Club will be…

  • Saudi Red Sea Authority and ICOMIA Form Partnership  to Boost Superyacht Tourism in the Red Sea

    Saudi Red Sea Authority and ICOMIA Form Partnership to Boost Superyacht Tourism in the Red Sea

    September 26 2024 – The Saudi Red Sea Authority (SRSA) and The International Council of Marine Industry Associations (ICOMIA) have agreed on a new strategic alliance in an effort to boost the region’s coastal tourism sector.  Through the newly formed partnership, ICOMIA plans to work toward this goal with SRSA by establishing connections with the…

  • BWA Yachting Announce Expansion to Saudi Arabia

    BWA Yachting Announce Expansion to Saudi Arabia

    Superyacht services agency BWA Yachting is expanding over to the other side of the Red Sea. The global agency announced it will be operating in the Kingdom of Saudi Arabia, in partnership with Faisal M. Higgi & Associates Co. Ltd, a port agency specializing in cargo handling, customs clearance, and port agency services. BWA’s offices…

  • NEOM Superyacht Guide – Saudi Arabia’s Ultra-Luxury Destination

    NEOM Superyacht Guide – Saudi Arabia’s Ultra-Luxury Destination

    Saudi Arabia’s new destination is set to transform the red-sea into an international superyacht destination

  • The Italian Sea Group Refute £186m Legal Filing Against Crew and Widow of Bayesian Superyacht Owner Mike Lynch

    The Italian Sea Group Refute £186m Legal Filing Against Crew and Widow of Bayesian Superyacht Owner Mike Lynch

    September 22, 2024 – On Saturday, September 21st, Italian newspaper La Nazione reported news of a representative for the Italian Sea Group filing documents in a Sicilian Court on Friday against the crew and widow of Bayesian superyacht owner Mike Lynch. The Italian builder reportedly sought legal damages of up to £186 million, citing reputational…

  • MarineMax Appoints Steven English as Chief Executive Officer of IGY Marinas

    MarineMax Appoints Steven English as Chief Executive Officer of IGY Marinas

    September 17th, 2024 – IGY Marinas,  a subsidiary of superyacht services company MarineMax, appointed Steven English as Chief Executive Officer. English joined IGY in 2007 as Executive Vice President overseeing dispositions and joint ventures in marinas across Europe and the Middle East, before transitioning to the role of Executive Vice President when IGY was acquired…