Gulf Craft, one of the world's leading shipbuilders, recorded a robust 42 per cent growth in the value of its global order book during the first half of the year (January to June 2021) compared to the full year of 2020.
 
The fully-integrated boat and yacht manufacturer has secured 71 confirmed orders for its range of boats and superyachts in H1 2021 with 32 already delivered to customers around the world.
 
Gulf Craft’s global expansion has continued over the last six months with distribution channels set up in many territories including, Germany, Spain, the Netherlands, Portugal, as well as regions in Australia.
 
Chairman Mohammed Alshaali said: “While the pandemic had 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.
 
"We continued to build on an opportunity basis throughout 2020 which put us in strong position in 2021 when we saw an increased demand for yachts. We’ve recorded significant growth for all our five brands that meet the aspirations of seasoned marine explorers, families, and adventurers."
 
CEO Talal Nasralla added: “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.
 
"We have seen demand increase exponentially across all our five brands – from entry-level family boats to luxury superyachts, with customers from the GCC, 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.”
 
The company has also strengthened its foothold in the Maldives, with the announcement of the development of a new factory and is committed to double the size of their operations within 16 months.
 
Gulf Craft was awarded a contract by Maldives Transport and Contracting Company to manufacture vessels for the Integrated National Public Ferry Network.
 
Strengthening its presence in their home-market of Dubai, Gulf Craft announced a partnership with P&O Marinas, DP World’s collection of world-class luxury marinas and picturesque harbours, to open its dedicated sales centre at Mina Rashid Marina, the home port for many of Dubai’s superyachts.-TradeArabia News Service

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