Gulf Among Top Superyacht Markets

According to reports, at the Middle East Money & Ships a Representative of Frankfurt's DVB Bank, said although the Gulf's SuperYacht industry is not yet fully developed, the scenario will change in the long-term. The Gulf has a strong maritime tradition that dates back over 200 years and it's natural that it develops its relationship with the sea. This region currently has over 130 yachts in service which is almost 5 per cent of the world fleet. It was reported that Modderman said that by 2015, the Gulf will follow more mature SuperYacht markets such as the USA, Russia and Europe.