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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

Northstar establishes US operation
2025-12-11T15:21:00+00:00By Craig Ritchie
Turkish RIB builder creates full subsidiary in North Carolina
Tankoa adopts WATCHIT AI collision prevention system for future superyachts
2025-12-08T13:43:00+00:00
The Italian builder will integrate the technology across all future deliveries
Dubai shipyard closure to affect boat building and repair firms
2025-12-08T13:24:00+00:00> Subscriber-only, By Mahmoud Itani and Mike Derrett
Al Jadaf shipyard, formerly home to 275 companies and thousands of employees, will close by mid-February 2026

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People - Middle East

Numarine appoints new CEO to lead next phase of growth
2025-12-12T12:30:00+00:00
Patrik von Sydow brings extensive leadership experience from across the global superyacht sector
Turkish captain, crew face charges over fatal collision involving Mazu Yachts founder
2025-12-03T12:30:00+00:00> Subscriber-only, By Neil Eaves
Indictment alleges negligent watchkeeping and failure to report collision that killed Halit Yukay; trial set for December
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

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