Investments in marina projects boost boat ownership in the Gulf
WAM Dubai, 21st Feb. 2014 (WAM): Investment in inner waterways and marina projects are set to propel small to medium boat ownership in the GCC, say industry experts as the UAE continues to expand tourism and real estate projects. With a focus on sustainable growth in the GCC's maritime industry, the Gulf Boating Conference is set to take place on 5 March 2014, during the 22nd Dubai International Boat Show, which runs from 4-8 March 2014 at Dubai International Marine Club, Mina Seyahi, organiser of the Dubai International Boat Show said.
"We could easily see Dubai's popularity with small to medium boat owners rival that of other nations where the leisure boating community takes advantage of lakes and rivers," stated Toby Haws, Marina Manager of Emirates Palace Marina and organizer of the Gulf Boating Conference.
Projects in Dubai include The Lagoons, a waterfront development within Mohammad Bin Rashid City; Dubai Canal; The World Islands and Deira Island. A ccording to Bruno Meier, Chief Operating Officer of Art Marine, Dubai is seeing demand for superyachts and small to medium-sized boats.
"Dubai is like no other place in the world in terms of the market for boating. You have extremely high net worth individuals keen to spend millions on superyachts," Meier said in a statement, adding that other individuals enjoy smaller vessels, including sea kayaks and stand up paddle boats.