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Sun 8 Mar 2015 10:44 AM

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Nearly $50m in sales registered during Dubai boat show

Five-day event showcased more than 430 boats and over 800 exhibiting companies and brands from more than 54 countries

Nearly $50m in sales registered during Dubai boat show

Around $50 million in sales was recorded at this
year’s Dubai International Boat Show, which concluded on Saturday, organisers
have revealed.

The five-day event, which took place at the Dubai
International Marine Club, showcased more than 430 boats and over 800 exhibiting
companies and brands from more than 54 countries and was attended by an estimated 26,000
local and international visitors.

“We know that Dubai International Boat Show draws
serious buyers, and this year has been no exception. Not only are we expecting
to sell superyachts and boats, but we’ve also inked three dealership agreements
– one regionally and two in Europe – to supply our high quality,
UAE-manufactured luxury yachts to even more buyers,” said Sultan Al Shaali, CEO
of Al Shaali Group, which unveiled the AS 100 superyacht, which is valued at AED20
million ($5.45 million).

Local marine company ART Marine reported the sale
of the luxury Italian-made Fiart 47, worth €800,000 ($867,424) and a 26.45m SL
86, worth €5.6 million and developed by San Lorenzo Middle East.

“It has been a very productive boat show ‎with
great results so far, and has given us the exposure we are expecting. There has
been a constant flow of very serious, high net worth prospects from the UAE and
GCC countries, and we are already looking forward to the next boat show,” said
Tarek A. Khalil, Managing Director of ACE Marine.

Sunreef Yachts, which manufactures luxury sailing
and power catamarans and superyachts from 60 to 200 feet, reported it saw
strong interest in its 70 foot Damrak II luxury power catamaran, worth €2.2
million.

“We’ve confirmed and secured two sea trials from
very serious buyers who want to experience this elegant vessel on water, and
we’re also seeing a lot of interest in our bigger, custom-made boats in the 115
to 200 feet range,” said Francis Lapp, founder and CEO of Sunreef Yachts.

Regional specialists, Delma Marine, recorded total
sales of AED12 million across unique Mercury engines,
amphibious Quadski and Boston Whaler line of sports boats, including a Cabo
yacht valued at approximately AED3.67 million.

Local manufacturer Al Hareb Marine has also
reported the sale of four boats at a total value of AED8 million.

Fishing boat manufacturer IMG boats reported two
custom sales: a 52 footer worth AED2.4 million as well as a 40 foot sport
fisher valued at AED1.1 million, with more orders to be finalised on the final
day.

MTM Powersports, distributor for Sea-Doo watercraft
and Can-Am vehicles in the region, has sold more than 12 Sea-Doos, as well as
two of the only Middle East-built jetboats, with total sales currently around AED840,000,
according to commercial manager Bassem Wazafi.

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