The Business of Middle East Superyachting

Category: News

  • Saudi Red Sea Authority Issues First-Ever Yacht Tourism Licenses

    Saudi Red Sea Authority Issues First-Ever Yacht Tourism Licenses

    For the first time, The Saudi Red Authority (SRSA) has partnered with the Insurance Authority to grant licenses for six tourist yacht agents in Saudi Arabia as the next step in the Saudi Vision 2030 to create a thriving coastal tourism sector in Saudi Arabia.    In an effort to regulate maritime and tourist activities, acknowledge…

  • Qatar Boat Show at Old Doha Port – Get a First Look

    Qatar Boat Show at Old Doha Port – Get a First Look

    November 6, 2024 – The first day of the inaugural Qatar Boat Show takes place at Old Doha Port. The event will feature over 495 exhibitors, including renowned Dutch shipyards Heesen Yachts, Oceanco, and Feadship. UAE-based shipbuilder Gulf Craft will exhibit vessels from the Majesty, Nomad, Oryx, SilverCat, and Silver Craft lines. In March 2024,…

  • NEOM’s Sindalah Island Launch Spikes Red Sea Superyacht Traffic

    NEOM’s Sindalah Island Launch Spikes Red Sea Superyacht Traffic

    As part of Red Sea Week, NEOM’s Sindalah Island spiked superyacht traffic in the Red Sea as anticipated, with 53 yachts visiting the launch. “Neom is committed to supporting the Kingdom’s new era of luxury tourism, with the opening of Sindalah,” said Nadhmi Al-Nasr, chief executive officer of Neom. “The realization of this landmark destination,…

  • AMAALA To Host The Ocean Race Finale in 2027

    AMAALA To Host The Ocean Race Finale in 2027

    Luxury development AMAALA will host the finish to the 2027 Ocean Race, Red Sea Global has announced. This partnership marks the first time in Ocean Race’s 51-year history that sailors will compete in Red Sea Waters. Founded in 1973, The Ocean Race is a prestigious sailing competition focusing on the intersection of sports and sustainability,…

  • Superyacht Destination Sindalah Island To Open Doors This Friday for “Red Sea Week”

    Superyacht Destination Sindalah Island To Open Doors This Friday for “Red Sea Week”

    On the occasion of Red Sea Week (RSW), Ultra-luxury development NEOM is set to welcome guests for the grand opening of Sindalah Island on Friday, October 25th.  Located in, the 840,000 square meter Sindalah Island was the first region to be announced by the NEOM, marketed as a superyacht destination in the Red Sea, accessible…

  • Suez Canal Authority Announce Discounts on Transit and Mooring Fees for Yachts Transiting The Red Sea

    Suez Canal Authority Announce Discounts on Transit and Mooring Fees for Yachts Transiting The Red Sea

    The Suez Canal Authority (SCA) announced new discounts on transit and mooring fees for yachts traversing the Red Sea for a limited time in a move to boost marine tourism in Egypt. Starting from November 1st SCA’s new navigation circular (No. 4) of 2024 entails a 20% fee reduction for yachts with a gross tonnage…

  • Recent Developments by the Saudi Red Sea Authority to Establish the Red Sea as a Superyacht Destination

    Recent Developments by the Saudi Red Sea Authority to Establish the Red Sea as a Superyacht Destination

    Since the formation of the Saudi Red Sea Authority in 2021, the government entity has worked towards establishing the Red Sea as a thriving luxury tourism destination, particularly for the tourism industry, and this past month has been no expectation.  At the end of September, SRSA has announced it’s partnership with with The International Council…

  • 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…

  • 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…