The United Arab Emirates-based superyacht manufacturer Gulf Craft is planning to invest USD 100 million over the next five years in a new shipyard for luxury yachts spanning over approximately 900,000 square feet within the Dubai Maritime City complex.
Commenting on the announcement, Mohammed Hussein Al Shaali, Chairman of Gulf Craft, said: “Gulf Craft reiterates its support to fly the UAE flag high with regard to further raising the reputation of the Emirati manufacturing industry on a global scale.
As a company, a presence in Dubai Maritime City is a huge step towards further building on our vision to grow Gulf Craft’s global success with regard to building vessels that reflect the latest in innovative concepts, designs and technology.
A prominent footprint and operations within the Emirate of Dubai places Gulf Craft in the heart of the regional and international market.”
Dubai Maritime City, spreading over an area of over 2.27 million square meters, is located north of the main city centre and creek area business district, between Port Rashid and Dubai Dry Docks.