Gulf Craft Records Major Increase in Superyacht Order Book
Esteemed shipyard Gulf Craft has announced that it recorded a 42% growth in the value of its global order book during the first half of 2021. From January to June, the UAE yacht builder secured 71 confirmed orders for its range of boats and superyachts, with 31 delivered to customers from around the world already.
Gulf Craft’s expansion and development into one of the world’s leading luxury yacht builders continued with an additional twelve countries around the world representing its product range. 2021 has seen a significant push into Europe key territories including Germany, Spain, the Netherland, and Portugal, as well as regions in Australia.
The company has also strengthened its presence in the Maldives with the announcement of the development of a new factory and is committed to doubling the size of its operations there within 16 months.
The highlight of the year has been the unveiling of the Majesty 175, the world’s largest composite production superyacht, due to be handed over to her owner later this summer. Gulf Craft has also delivered another Majesty 100 superyacht this year, one of the builder’s best-selling models that has gained international acclaim for its innovative design, powerful performance, and huge interior volume.
The Majesty 120, launched last summer, was also delivered with another 2 hulls already in production. All of Gulf Craft’s products are built at the in-house facility in the United Arab Emirates.
“While the pandemic has an impact on the boating sector, we remained committed to honouring our delivery schedules and innovating on design and production at our fully integrated production facility in the UAE,” says Chairman Mohammed Alshaali. “We continued to build on an opportunity bases throughout 2020 which puts us in a strong position in 2021 when we saw an increased demand particularly on yachts ready for immediate delivery.
“We’ve recorded significant growth for all our five brands that meet the aspirations of seasoned marine explorers, families and adventurers.”
Gulf Craft CEO, Talal Nasralla, echoes Mr Alshaali’s pride, commenting: “The strong performance in the first half of this year reflects the growing appeal of Gulf Craft’s vessels among boaters from across the world, who appreciate our exceptional craftsmanship and attention to detail.
“We have seen demand increase exponentially across all our five brands – from entry-level family boats to luxury superyachts, with customers from the GCC region, the US, Europe, and Australia. Our expanded dealer network and stronger partnerships in the UAE will drive our continued growth through the rest of the year and beyond.
“We are firmly on track to becomes one of the world’s Top 5 shipbuilders by 2025.”
"We are firmly on track to becomes one of the world’s Top 5 shipbuilders by 2025."