Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Dubai emerging as a global hub for superyachts

Year-round sunshine, tourism offerings,and picturesque coastline make Dubai a quintessential yachting destination.
  • Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry
  • After Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted in Dubai the future looks bright for Dubai’s yachting industry

Dubai, UAE: With its advanced facilities, year-round sunshine, luxury marinas, tourism offerings, rich maritime history and picturesque coastline, Dubai has emerged as the quintessential yachting destination. 

After Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted in Dubai the future is looks bright for Dubai’s yachting industry, with increased investment in marine infrastructure and facilities, streamlined industry legislation, and a proliferation of nautical events set to take place throughout the year.

During the Monaco Boat Show, Dubai’s Department of Economy and Tourism (DET) announced upgrades to marina facilities, new legislation, cruising permit extensions, the expansion of professional yachting and maritime academies for new industry talent, and more seamless processes for obtaining charter permits, alongside the streamlining of immigration and customs clearance services, further amplifying Dubai’s appeal as a global superyacht hub.   

“Dubai continues to grow in stature as a leading marine tourism destination and a global superyacht capital through the combined efforts and support of our valued stakeholders,” Yousuf Lootah, Acting CEO of Corporate Strategy and Performance sector, Dubai’s Department of Economy and Tourism, said. “We also strive to inspire people by creating new experiences and will continue to play a pivotal role in showcasing the city to the globe as an international superyacht hub and a magnet for marine leisure tourists.”