Category: News
-
ORA Developers appoints AtkinsRéalis to master plan waterfront project BAYN
Global real estate company ORA Developers has announced engineering and design firm AtkinsRéalis as its choice to masterplan the upcoming waterfront community Y Views at BAYN, a new development in the UAE’s Ghantoot. The Canada-headquartered consultancy will oversee the master planning, infrastructure, and public realm design services for the project. Bayn, part of the 4.8…
-
Oman’s Barka Marina begins operations as part of $143 million waterfront development
Oman’s first privately developed and operated fishing harbour, using a usufruct system, Barka Marina, has started phased operations. Located in the Wilayat of Barka, in the South Al Batinah governorate, the development is worth over 55 million Omani Rials ($143 million). Barka Marina falls under Oman’s Vision 2040, planning to turn fisheries into economic hubs…
-
Gulf Craft appoints MGM Boats to represent Majesty Yachts in Ireland
UAE-based superyacht builder has expanded into the Irish market, appointing MGM Boats as the official dealer of the Majesty brand. Majesty Yachts, the shipyard’s flagship model, continues to build a strong European network as it offers regional clients direct access to its portfolio. LONG READ: With Gulf Craft’s Superyacht Service Centre, Captain Patricia Caswell plans…
-
Morocco’s Tanja Marina Bay International scheduled for summer 2026 opening
Tanja Marina Bay International (TMBI), an upcoming facility in the North Atlantic Ocean region, is nearing its launch. Part of the Port of Tangier City’s project, the nautical outpost is Morocco’s first urban marina. The facility, operated by Tangier City Port Management Company, features 1,400 moorings between two basins. The marina will accommodate yachts up…
-
El Gouna announces new marina as part of Marina Island by Tuban El Gouna
Egypt’s Red Sea coast is primed for a new yacht marina. As part of Marina Island by Tubman, the coastal town will feature a waterfront district with a marina, alongside its residential offerings. El Gouna Red Sea, which is operated by Orascom Development Egypt, is Egypt’s largest marina operator, accommodating 600 berths. “El Gouna Red…
-
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…
-
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…
-
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…
-
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,…
-
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…
