Category: News

Egypt and Saudi Arabia Officials Meet to Promote Red Sea Tourism

Officials from Egypt and Saudi Arabia met to discuss efforts to promote maritime tourism and collaborate on projects in the Red Sea.
Azimut-Benetti 2024 Fiscal Results Announced

Azimut-Benetti Group took advantage of the Cannes Yachting Festival in Cannes France to announce the results of the shipyard’s 2023-2024 fiscal year results. The group disclosed revenue for the year going up by 55%, during a four year period, increasing to €1.3 billion, compared to €840 million in the 2020-2021 fiscal year. CEO Marc Valle…
Luxury Destination AMAALA Moving Forward After $6bn Contract Is Awarded

September 09 2024 – Saudi Arabian Developer Red Sea Global is moving forward with luxury-development AMAALA after 600 contracts totaling $6.13bn were awarded to date to various partners including Al Rawabi Hassan Allam, Shapoorji Pallonji Group, DEPA Group, Alec Engineering and Contracting, Havelock One and AL-AYUNI Investment and Contracting Company. Part of Saudi Arabia’s 2030…
Al Mouj Marina Awarded “Superyacht Ready” Accreditation by TYHA

September 08 2024 – Al Mouj Marina is ready to become Oman’s leading superport after receiving a superyacht-ready accreditation from The Yacht Harbour Association. “Al Mouj have completed the TYHA Superyacht Ready Self-Assessment and comply with the criteria to accredit them as a fantastic 5 Gold Anchor, Clean Marina and TYHA Superyacht Ready Marina. A…
Red Sea Authority Issues First Regulations for Saudi Yachts

September 06 2024 – The Saudi Red Sea Authority has announced new regulations for yacht cruising in the Red Sea. The regulations lay out the fundamental requirements and conditions for using yachts in the Red Sea, from requirements for safe access from marinas to yachts, conditions for obtaining a technical license, conditions for safe use…
Heesen Yachts Appoints New Middle East Agent Hisham Abushakra

04 September 2024 – Coming off the heels of appointing new COO Ruud van der Stroom, Dutch builder Heesen Yachts announced the appointment of Hisham Abushakra as new Middle East Region market agent. Effective from September 1st, this move recognizes the role of the Middle East as a global player in the superyacht industry. “The…
Jan De Nul Dredging Awarded $221 million Contract for Palm Jebel Ali Marine Works

Nakheel, a member of Dubai’s real estate arm, has awarded Jan De Nul Dredging LTD. with a $221 million marine works contract for ultra-luxury development Palm Jebel Ali. In the next two years, the group will be overseeing dredging, land reclamation, beach profiling, and sand placement, with the first of eight fonds expected to be…
Ayla Marina Receives Clean Accreditation; First in Jordan

The Yacht Harbour Association has announced that Ayla Marina is now accredited as a clean marina. It is the first marina in Jordan to receive this accreditation. Ayla Oasis is a luxury resort located in Aqaba, Jordan, along the country’s Red Sea coast. Ayla’s Marina operates at a 231 wet berth capacity for vessels up…
Candela to Provide Luxury Destination NEOM with P-12 Foiler Shuttles.

NEOM commission eight environmentally friendly P-12 foiler boats for the destination’s planned water network by Swedish builder Candela.
Gulf Craft Group appoints new CEO Yannis Haidis; undergoes corporate restructuring

After the corporate restructuring by UAE-based shipyard Gulf Craft, announcing the formation of Gulf Craft Group at the Dubai International Boat Show this past February, the shipyard appointed Yannis Haidis as the new chief executive officer. Haidis arrives at Gulf Craft with over 30 years of experience, with multiple tenures at major multinational FMCG corporations…