Yacht builder eyes Dubai Canal boost
UAE-based yacht builder Gulf Craft has announced a multimillion dirham expansion to its shipyard in order to build bigger ‘mega-yachts’ to sail Dubai’s new waterways. New developments such as the Dubai Canal and ambitious waterfront projects in Business Bay, Jumeriah Beach Residence and Jumeirah Bay Island will see a growing demand for yachting and on-water living experiences, said Erwin Bamps, Chief Executive Officer of Gulf Craft. He said: “These developments will play a pivotal role in establishing the UAE as a global leisure marine hub, and will inspire a thriving yachting community in the country. “Projects like Marasi Business Bay, the region’s first purposebuilt yachting destination, will give yacht owners more room to enjoy their craft in Dubai, and encourage other aspiring yacht owners to follow suit.” By Shoshana Kedem The Umm Al Quwain-based firm announced in September that it would start building mega-yachts – vessels longer than 50 metres. Bamps added: “This expansion will not only enable us to boost our production capacity in terms of yacht size, but also in terms of quality and efficiency. “This is the year we evolve from a yacht and boat builder into a true ship builder. “We are also updating the technology and equipment that is needed to engineer such sophisticated craft.” New areas will be added to the existing Umm Al Quwain shipyard, where Gulf Craft’s Majesty 155 yachts – a Dhs40 million vessel equipped with a fountain and swimming pools – are currently built. A new shipyard will also be built in Ajman.