The tenth Middle East Yachting Conference will take place on Monday before the Dubai International Boat Show.
And, it would show the predictions for the Middle East market. Superyacht Builders Association director of operations, Robert van Tol, along with Italian yacht builder Mondo Marine’s chief executive officer Roberto Zambrini, would offer a forecast and overview of the regional superyacht market, as part of a board discussion during the conference.
A different presentation by Udo Kleinitz, the International Council of Marine Industry Associations secretary general would also talk about the importance of Middle East market within the global context.
Robert van Tol said that the fifty five percent propensity to buy for the Middle East is the highest of all the regions. This percentage is based on historic ownership of superyachts against the number of UHNWIs at that time, but it also suggests that if there is an increase in the number of UHNWIs in the Middle East, after that fifty-five per cent of them are likely to purchase a superyacht. So, this region would always remain quite important.
This Middle East Yachting Conference joins global experts as well as industry authorities, and boating enthusiasts, to address the newest technologies, plans, trends as well as regulations impressing the marine leisure sphere in Dubai and beyond.
Word of Yachts & Boats magazine’s editor-in-chief Nabeel Farhat told that the conference is an opportunity to discuss matters of market and lifestyle, and talk about the future of the industry, but also bring important issues such as rules and regulations into the conversation.