Go where the money is. That’s the motto of luxury boat-builders who are out in force in Dubai.
Those with a few million euros to spare have floated on down to the annual boat show there, featuring nearly 450 vessels.
The organisers expect more than 25,000 people, hailing from over 70 countries.
Middle eastern visitors dominate, but there are also plenty from Europe, the US and China as well as elsewhere in Asia.
The head of one yacht brokerage and management company, Gregor Stinner of Art Marine, summed up: “The Dubai International Boat Show is become a very significant event, not only for the industry, I think it’s a great indicator for the economy as such. The confidence level that there is now in the UAE, people come and invest their money, they see it as the Switzerland of the Middle East.”
The United Arab Emirates is now the ninth largest yacht-building state in the world.