Author: The Maritime Observer
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Jordan’s Ayla Marina Boat Show holds fourth edition; positions Aqaba as boat tourism hub
The fourth annual Ayla Marina Boat Show took place in Aqaba, Jordan. The two-day event, which took place on the third weekend of May, featured over 60 local and international boats on display. Ayla Marina Boat Show is organized by Ayla Oasis Development Company in partnership with the Aqaba Special Economic Zone Authority. The show…
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Ras Al Khaimah’s Al Rams transformed into a Water Destination; development of marina
Al Rams, a coastal development in the UAE’s Ras Al Khaimah, is set to receive a major upgrade project, the Emirates Council for Balanced Development has announced. The first of two projects, Al Rams Waterfront, features the development of Al Rams Marina and Al Rams Corniche. This development falls as part of a broader effort…
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Italian builder Sanlorenzo reports increase in revenue from Middle East region for Q1 2026
Italian shipyard Sanlorenzo has announced its quarterly earnings for the first three months of 2026, which delivered €223.2 million in order intake, a 25% from the same period year over year. In its financial presentation, the company shared key insights into Sanlorenzo’s performance in the Middle East market. The company’s net revenue, which generated €222.1…
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Gulf Craft Previews Majesty 145 ahead of delivery; starts sea trials
UAE-based shipyard Gulf Craft presented a preview of the Majesty 145 at Umm Al Quwain ahead of the vessel’s handover to its new owners. READ: Gulf Craft enters 40-meter yacht market with the launch of Majesty 145 The first hull of the yacht, christened Suzie Q, continues the yacht’s expansion into the 40-50 meter market,…
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Italian builder Ferretti Group reports decline in revenue and order in take for Middle East region
Italian shipyard Ferretti Group announced its earnings for the first three months of 2026, citing a decrease in demand in the quarter for order intake. The builder posted €302.1 million in net revenue, an 8 percent decline from the same period in 2025, which was €328 million. Adjusted EBITDA, meanwhile, has stabilized at €48.7, compared…
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Yas Marina receives “Superyacht Ready” accreditation, first in Abu Dhabi
Yas Marina, one of the Middle East’s biggest marinas, has affirmed its position as a leading luxury tourism hotspot after it was granted a “Superyacht Ready” designation by the Yacht Harbour Association (TYHA). The achievement, the first to be granted in Abu Dhabi, confirms that the marina holds up to international standards for superyachts in…
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ORA Developers announce 204-berth marina in UAE’s Ghantoot community
Global real estate firm ORA Developers is introducing a new yacht marina to the UAE as part of Y Views at Bayn. The project, located within the 4.8 million-square-meter Bayn master in the luxury area of Ghantoot, sits in a strategic position between Dubai and Abu Dhabi. Alongside a 204-berth marina, the facility boasts 1.2…
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UAE yacht firm OceanWorld acquires stake in Italian shipyard Wider
In the next phase of its growth, Italian yacht builder Wider has announced a new capital increase and shareholder. The UAE-based OceanWorld Group has acquired a stake in the holding company Wider Luxembourg S.à.r.l. to establish a strategic partnership with it. The agreement, with its planned gradual entry, was signed in 2019, finalized through a…
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Gulf Craft appoints new dealer for the Majesty brand in key Asian yacht markets
UAE-based shipyard Gulf Craft is expanding further into the Asian superyacht market. The builder has named Asia Yachting as the exclusive dealer for Gulf Craft’s Majesty brand. Majesty, the yard’s flagship line, will be sold in the Philippines and Hong Kong exclusively through the dealer. “We are pleased to welcome Asia Yachting as our dealer…
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Saudi Red Sea Authority issues yacht charter licenses for the first quarter of 2026
The Saudi Red Sea Authority (SRSA) has granted a number of yacht charter licenses, the first in 2026 thus far. The authoritative body, which oversees the Kingdom of Saudi Arabia’s coastal tourism activity, has issued permits to Mayassar Nooraldeen Al-Haddad Company, Seem Prime Company and Ocean Breeze Company. SRSA was formed in 2021 to strengthen…
