The Business of Middle East Superyachting

Tag: Azimut-Benetti

  • Azimut|Benetti Group Financial Projection Shows Growth of Middle East Region

    Azimut|Benetti Group Financial Projection Shows Growth of Middle East Region

    Azimut|Benetti Group has announced its fiscal projections for the 2024/25 nautical season, forecasting €1.5 billion in revenue, a 15 per cent increase from the previous season.  According to the report shared by the Italian company, the group has secured €2.5 billion in orders since January 2025, which is expected to sustain production through 2029.  The…

  • Azimut Expands to Saudi Arabia with Elite Yachts

    Azimut Expands to Saudi Arabia with Elite Yachts

    Following a successful showing at the 31st Dubai International Boat Show, Azimut Yachts announced their expansion to Saudi Arabia through an existing dealership with Elite Yachts. This also marks the introduction of the Azimut Concierge Service in the Kingdom, an offering created to enhance the ownership experience of Azimut’s clientele with a 24/7, multilingual team….

  • Azimut-Benetti 2024 Fiscal Results Announced

    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…