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Middle East: Market Reports

Red Sea and Arab Gulf set for superyacht boom as new refit and repair hubs emerge

2025-06-11T16:51:00+01:00> Subscriber-only, By David Robinson

The region is poised for a major surge in superyacht activity, driven by ambitious developments and growing demand for luxury cruising

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A boatbuilder’s journey - Gulf Craft's Mohammed Al Shaali
2025-04-28T08:47:00+01:00By Mike Derrett
Gulf Craft chairman, Mohammed Al Shaali, reflects on 40-plus years in the industry, development of the Middle East market, and the boatbuilder’s future plans
As it bucks the slowdown, is the Gulf market finally coming of age?
2024-12-12T13:15:00+00:00By Mike Derrett
While most global boating markets are experiencing a downturn in demand, the Gulf market continues to thrive and show positive results despite concerns that the conflict in the Middle East region may slow growth into 2025.
Boating market hots up across the region
2024-04-29T12:19:00+01:00> Subscriber-only, By Mike Derrett
The Gulf leisure boating market is experiencing a boom on the back of record oil and gas prices. IBI investigates
Surging prices take heat out of market
2023-05-03T14:59:00+01:00> Subscriber-only, By Bahar Öztürk
Turkey’s leisure boat sector is proving resilient despite the emotional and economic impact of February’s devastating earthquake and the country’s fragile macro-economic state
Market Update | Gulf market primed for major growth
2022-06-17T12:27:00+01:00By Mike Derrett
The Gulf leisure boating market is on the cusp of a boom on the back of record oil and gas prices. IBI takes the soundings on future prospects

Companies - Middle East

Numarine delivers second 40MXP superyacht, expands global footprint
2025-10-22T11:30:00+01:00
The 40m Mitan was commisioned by South American owners
New Turkish boat brand joins FLIBS, appoints US dealer
2025-10-21T11:30:00+01:00By Bahar Öztürk
Aiata will be making its US debut at the Fort Lauderdale International Boat Show
Sirena Yachts appoints exclusive UK dealer
2025-10-20T13:28:00+01:00
Virage Yachts will represent the Turkish brand in one of Europe’s key markets

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People - Middle East

Turquoise Yachts announces leadership transition
2025-10-16T15:51:00+01:00By Neil Eaves
Burak Akgül appointed CEO as Patrik von Sydow steps down after six transformative years
Back at the helm: Erwin Bamps shares insights on his return to Gulf Craft
2025-09-15T11:30:00+01:00> Subscriber-only, By Mike Derrett
CEO speaks to IBI in Cannes about his renewed leadership role and the company’s ambitions in global markets
Mazu Yachts founder lost at sea
2025-08-06T11:30:00+01:00By Bahar Öztürk
Search continues for Halit Yukay whose yacht was found wrecked off the Turkish coast

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