Dubai Show Strengthens International Footprint
Published: Friday, 23 January 2015
Strong international exhibitor participation in the upcoming Dubai International Boat Show (March 3-7) from the world’s boat manufacturing hubs of Australia, China, Germany, Italy, US, UK, France and Turkey is a clear sign that the appetite for luxury spending in the Middle East has returned in full force, say organisers Dubai World Trade Centre (DWTC).
Consumption of luxury goods in the Middle East climbed 11 percent last year, according to a report by consultant Bain & Co, while the global luxury market rose 5 percent to an estimated EUR223 billion. Spending on yachts increased 2 percent, according to Bain & Co.
The 23rd edition of Dubai International Boat Show will feature the return of the German Boat and Shipbuilders Association (DBSV) after a short hiatus, alongside new country exhibitors Luxembourg, Indonesia and Spain.
New exhibitors from Italy include Genial Yachts and Comar Yachts, a yacht manufacturer that is moving its entire production facility to the UAE. Dubai International Boat Show also welcomes Bel Monte Boats, a new company from Luxembourg, and SAY Yachts, a catamaran and sailing yacht designer from Germany.
“The Middle East is an important market for German yards and equipment manufacturers, so we have decided to return with a stand to the Dubai International Boat Show, to renew existing contacts and make new ones,” says DBSV Managing Director Claus-Ehlert Meyer. “By participating in the event, we can highlight the label Made in Germany and make Germany even better known internationally as a centre of yacht building. The fact that the biggest yachts in the world for many years are currently built in Germany demonstrates that all the essential factors are present: the engineering, the size of the building berths, the infrastructure, the quality of the suppliers, and the expertise of the yard workers.”
The 2015 edition of the Dubai show will also feature a solid presence from China, where yachting is becoming more popular with the nation’s increasingly affluent consumers. According to a report by Boston Consulting Group, China’s private financial wealth is expected to increase from US$22 trillion to US$40 trillion by 2018. China also ranks among the Top 10 nations for superyacht construction.
Australian International Marine Export Group & Superyacht Australia Chief Executive MaryAnne Edwards believes the Dubai show is important for developing a presence in the region. “We also are looking at avenues to promote Australia as a destination for the global superyacht fleet and promote our capability to service these yachts when they come to Australia,” Edwards adds. “With the growing presence of superyachts at the show, we now may look also at this event to showcase our superyacht sector.”
DWTC Senior Vice President Trixie LohMirmand says Dubai is now firmly established as a regional marine hub and “a growing number of international participating exhibitors are gaining significant business benefits from the event”.
The 23rd Dubai International Boat Show at Dubai International Marine Club - Mina Seyahi is open to trade visitors and the general public from 3pm–9.30pm daily from March 3-7, 2015.