Gulf Craft invests $100 million in new yard

Gulf Craft has announced it will be opening a brand new facility in Dubai Maritime City (DMC), an investment worth $100 million, taking place over the next five years The new facility will be used exclusively to build superyachts.

Commenting on the announcement, Mohammed Hussein Al Shaali, Chairman of Gulf Craft said: “A presence in Dubai Maritime City is a much anticipated move for the company and will open a new horizon for Gulf Craft’s prospective global plans at a strategic level. A prominent footprint and operations within Dubai will place us at the heart of the regional and international market.”

Erwin Bamps, CEO of Gulf Craft added: “As a company, Gulf Craft has been lauded for its creative approach to yacht and boat building and this new shipyard will allow us to further align with Dubai’s National Innovation Strategy which aims to make the UAE one of the world’s most innovative nations within the next seven years. We intend investing in a state-of-the-art setup with regard to technology, design and operational efficiency.”

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