Gulf Craft, one of the world’s leading yacht builders, announced the major expansion during the Cannes Yachting Festival, where it has been showcasing its credentials in the build of quality composite superyachts.
The eight new distribution partners include key markets such as Germany, Spain, the Netherlands and Portugal, mirroring the company’s growth in the US, Australia and the Middle East.
Gulf Craft has also confirmed its membership in the Super Yacht Builders Association (SYBAss) as it leads the conversation about the innovative use of composite in yachts. The company hopes to use its membership to ‘help improve processes and structures within the industry and provide information and knowledge exchange.’
Attendees of the 2021 Cannes Yachting Festival will be able to see the quality of Gulf Craft’s yachts up close, with the builder showcasing its best selling model, Majesty 100. Majesty, the flagship brand of Gulf Craft, boasts a range of models which includes Majesty 175, the world’s largest composite production superyacht. Majesty 175 is set to be delivered to her owner this month.
“This year has been exceptionally robust for us with a strong order book and the delivery of our Majesty 175 and other superyachts,” said Talal Nasralla, Gulf Craft CEO. “These have further established our strengths in manufacturing boats and yachts from composites – a method that is now gaining popularity in Europe, traditionally a steel boat market.
“We are now leading the global boating conversation around composite-built superyachts with strong demand from Europe and other global markets. To meet this, we have expanded our footprint in Europe.”
In the first half of 2021, Gulf Craft reported a significant increase of 41 per cent in new orders, and the expansion of its distribution networks reflects this surgent production capacity. The UAE shipbuilder has delivered over 100,000 yachts to date, and its client-base is ever more global. One thing is for sure, the appeal of Gulf Craft superyachts is universal.