Press Release

Last Updated: Sun, Nov 23 2014 | 12:03 PM |

World’s top 5 super yachts owned by Arab nationals

Posted: Monday, 10 March 2008 Company: ITP Publishing Group

Country: United Arab Emirates

Industry Sector: Marketing / Publishing


Description: Boat International Gulf - first-ever Arabic super-yacht publication - to be available bi-monthly.

Comments: Boat International Gulf - first-ever Arabic super-yacht publication - to be available bi-monthly.

To coincide with this year's Dubai International Boat Show, the world's first-ever Arabic super-yacht publication, targeted at the Gulf's current and aspiring yacht ownership, will be launched in Dubai with an unrivalled mix of the latest international and regional news stories in the world of luxury yachting.

The launch of Boat International Gulf comes at a time when the GCC becomes widely recognized as one of the world's most robust emerging markets for the boating industry. According to a recent survey conducted by Boat International UK on the World's 100 largest yachts, it was found that approximately one third of these were owned by Arab nationals with the world's top five located in Dubai, Oman, Saudi, and Egypt.

The yachts, ranging in size from 140-160 meters, include such luxury features as helicopter pad, swimming pool, gymnasium with squash court, fully equipped hospital, and mosque1.

"There are a number of very strong indicators for the recent expansion in the Gulf's yachting sector, including the billions of dollars being invested to provide berthing space on reclamation projects in the region, the increased move towards a five-day week, and the growing export of yachts from the United States and Europe into this market," commented Thair Soukar, Editor, Boat International Gulf.

"Boat International Gulf will cater specifically to this increasingly popular sector, targeting the most discerning, affluent buyers in the multi-billion dollar industry of luxury yachting," added Soukar.

At present, GCC countries are the largest markets for yacht ownership, with Kuwait reporting one boat for every 50 residents. Dubai and Abu Dhabi are particular hot spots for yacht ownership due to the high levels of disposable income, compared to countries with offshore marina projects such as Kuwait, Saudi, Qatar, and Bahrain.

"We are very excited to be expanding into this region and already we have had an overwhelming response from the market. We are confident that this will be one of our strongest publications and will be a great asset for our portfolio," said Tony Harris CEO Boat International.

Boat International Gulf is a bi-monthly Arabic language magazine covering a wide range of topics including exotic cruising grounds, major yachting events, authoritative and influential editorial and superb design.

Along with a comprehensive features list, Boat International Gulf will also include local and international news, super yacht profiles, special features, regattas and boat events, and a dynamic lifestyle section.

With six issues a year, Boat International Gulf, will be distributed throughout all the major cities within the Gulf, through airport VIP lounges and airlines, marine clubs, the most exclusive restaurants, seaside 5-star hotels, as well as all newsstands across the GCC.

Contact Details:

Contact number: 971 4 3693569
Name: Aoife Grogan
Company: The Portsmouth Group

Details: About ITP Group

The ITP Group publishes more magazines and online media serving the Middle East's business and consumer markets than any other company and produces media serving the region's business-to-business, consumer, technology and communications markets.

The Group's multi-business model also includes internet ventures and online publishing, contract and corporate publishing, event management and digital printing services. A full list of titles and information about the ITP Group can be found online at

[1] Boat International UK, February 2008 issue

Press Releases Search

<< November 2014
Sun Mon Tue Wed Thu Fri Sat
 2   3   4   5   6   7   8 
 9   10   11   12   13   14   15 
 16   17   18   19   20   21   22 
 23   24   25   26   27   28   29 
If you wish to add a press release,
please click the following button
Don't miss
6 tips to fast track your career

6 tips to fast track your career

Quick and simple tools can make the biggest differences

Live blog: The 11th annual Arabian Business Forum

Live blog: The 11th annual Arabian Business Forum

Live updates from today's event, with speakers including BBC broadcaster Andrew Neil, Etihad...

Gaza “hero” doctor honoured by Arabian Business

Gaza “hero” doctor honoured by Arabian Business

Dr David Nott takes top prize at awards ceremony

Winners of the Arabian Business Achievement Awards 2014

This year's top winners from across a variety of business sectors

InPicture: Fourth Arabian Business Women's Forum

The one-day event is examining the role of women working in the Arab world, the challenges...

Debate: Is it women, not men, maintaining the glass ceiling?

Debate: Is it women, not men, maintaining the glass ceiling?

Women in male-dominated professions are on the rise, but concerns over equality still persist...

"Women are the next growth market," but face confidence issues, says forum

4th Arabian Business Women Forum kicks off discussing leadership issues facing women in the...

Sheikh Mohammed's son signs up for UAE national service

Sheikh Mohammed's son signs up for UAE national service

"It is an honour before it is a duty," said Sheikh Ahmed bin Mohammed Al Maktoum

Nominations open for StartUp Awards 2014

Nominations open for StartUp Awards 2014

The annual awards takes place on 26 November, recognising the finest start-ups, SMEs and entrepreneurs...

Most Discussed