The Business of Middle East Superyachting

Category: News

  • Gulf Craft Chairman Mohammed Alshaali Honoured with “Lifetime Achievement” Award at the Boat Builder Awards

    Gulf Craft Chairman Mohammed Alshaali Honoured with “Lifetime Achievement” Award at the Boat Builder Awards

    During the 10th annual Boat Builder Awards, Gulf Craft Chairman Mohammed Alshaali was honoured with a Lifetime Achievement Award. The 2024 Boat Builder Awards ceremony, an event organized by business magazine IBI and trade show METSTRADE, was held at Amsterdam’s National Maritime Museum.  As the recipient of the Award, Mr. Alshaali was recognized for his…

  • “Dubai Code for Ports” Launched by Ports, Customs and Free Zone Corporation 

    “Dubai Code for Ports” Launched by Ports, Customs and Free Zone Corporation 

    In an effort to boost maritime capacity, The Ports, Customs and Free Zone Corporation (PCFC) has announced the launch of the ‘Dubai Code for Ports”. Explained as a first of it’s kind project, the code is a comprehensive technical guide to set benchmarks for the maritime infrastructure sector in the UAE and beyond. The guide…

  • NEOM Board of Directors Announces Leadership Change, Appoints New Acting CEO

    NEOM Board of Directors Announces Leadership Change, Appoints New Acting CEO

    Leadership changes at NEOM took place this week, principally with the appointment of a new acting Chief Executive Officer Aiman Al-Mudaifer.  Al-Mudaifer replaces Eng. Nadhmi Al-Nasr, who has overseen the project as. since August 2018. A reason for Al-Nasr’s departure was not given. There is no word on if this affects any of the superyacht…

  • Qatar’s Marsa Port to Open New Superyacht Facility

    Qatar’s Marsa Port to Open New Superyacht Facility

    At this year’s Qatar Boat Show, maritime and logistics solutions company Qatar Navigation (Milaha) has agreed with the Qatar Free Zones Authority (QFZA) to construct The Milaha Yacht Yard, a new shipyard at Qatar’s Marsa Port. The facility will be located at Umm Alhoul Free Zone in Marsa Port and will span 22,000 square meters….

  • Gulf Craft Announces Plans for New Facility in the UAE

    Gulf Craft Announces Plans for New Facility in the UAE

    UAE-based builder Gulf Craft announced the opening of a new facility by the end of this year. Alongside showcasing a fleet of superyachts, Gulf Craft took to the Qatar Boat Show to share the news of the brand new 108,000-square-foot facility, which will be located in Ajman, UAE. This marks the second facility by Gulf…

  • Saudi Arabia Launches Super-Coastal Destination “Saudi Red Sea”

    Saudi Arabia Launches Super-Coastal Destination “Saudi Red Sea”

    On November 5th, at the 2024 World Travel Market event in London, England, Saudi Arabia officially launched a maritime tourism initiative in the Saudi Red Sea.  At the Saudi Pavillion, His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Saudi Tourism Authority formally introduced  The coastal super-destination, which finds several key land and…

  • 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,…