A luxury yacht firm has announced the construction of its largest ever craft at the Dubai International Boat Show, which opened on Tuesday.
UAE-based Gulf Craft said that the Majesty 155 will be the most ambitious undertaking in its 31-year history and is expected to be completed in 2015.
Gulf Craft did not provide specific details on the size or features of the new superyacht, but its immediate predecessor the Majesty 135 is more than 40m in length and comes equipped with a bar, saloon area and its own guest suites.
“The Middle East continues to lead demand in the global superyacht market,” said Mohammed Hussain Al Shaali, chairman of Gulf Craft.
“We are very optimistic about this region as more people are finding their way to the water. The destination building and infrastructure for superyachts in terms of larger berthing facilities, better equipped marinas and superior support facilities has progressed in recent years,” he added.
Gulf Craft also used this year’s boat show in the emirate to unveil a number of other new luxury yachts, including Gulf 75, which the company describes as a “floating loft apartment”, the Majesty 125 and the Oryx 27.
Close to 30,000 people are expected at the Dubai International Boat Show,with more than 430 boats and 19 luxury superyachts on display.
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The 21st edition of the hugely popular event is taking place at the Dubai International Club in Mina Seyahi and runs for five days, finishing on Saturday. There will be 750 companies and brands from 49 countries showcasing their various products.
The yachts on display share a collective value of more than AED1bn (US$250m), and to add to the glamour the show will also feature a supercar promenade, as well as a section dedicated to diving in the UAE.
Some 30 global and regional launches are expected to take place during the five days, including those from Al Shaalie Marine, IMG Boats and Van Dutch, among others.