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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

Latest News about the Middle East

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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

Gulf Craft grows South-East Asia presence with new regional dealer
2026-04-30T11:30:00+01:00By Mike Derrett
The appointment follows the UAE builder’s recognition as Best Asia Boat Builder at the Yacht Style Awards
Sunreef hosts virtual premiere of Ultima 88 at exclusive Singapore event
2026-04-28T15:35:00+01:00By Mike Derrett
New catamaran is the second model built at the Polish builder’s Ras Al Khaimah facility
Numarine introduces new Classic superyacht line
2026-04-28T13:05:00+01:00
The first two models, the 38XPC and 39MXPC, are designed to emphasise elegance, balance, and enduring design principles

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People - Middle East

AIATA appoints new general manager
2026-04-13T14:01:00+01:00
Hakan Kefoğlu has 20+ years of experience in global business, exports, and engineering
Saudi Red Sea Authority names new CEO
2026-03-09T11:30:00+00:00By Neil Eaves
Leadership change supports development of coastal tourism and marine infrastructure
Sunreef Yachts appoints global commercial director
2026-02-27T12:30:00+00:00By Neil Eaves
Yvan Eymieu has held roles with Leopard Catamarans and Aquila

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