Recent statistics show that the UAE’s maritime industry makes up 60% of the total value for the sector across the GCC. Experts further estimate that the UAE will be responsible for as much as 35% of the up to US$190 billion investment in the Middle East’s marine sector over the next three years.
Riding on this growth, the forthcoming 23rd Dubai International Boat Show is looking at cashing in on the regional marine market. The event scheduled to be held from 3-7 March 2015 will witness a few introductions. There will be new features on sailing, fishing and water sports. With growing popularity, the event also looks to attract over tens of thousands of visitors from more than 120 countries.
The region is also witnessing a growth of HNWIs which has ballooned by 59% since 2003, more than doubling in the Middle East, according to the 2014 Wealth Report from Knight Frank. This is further substantiated at the Dubai International Boat Show which receives more than 20% of its overall annual attendance from HNWIs.
Bruno Meier, chief operating officer and member of the DIBS Conference’s Steering Committee is of the opinion that number of operational marinas in the GCC will nearly double from 43 in 2009 to 85 by 2016, with available berths moving from 9,000 to 16,000 over the same time period.
The 23rd edition will be held at Dubai International Marine Club – Mina Seyahi.