United Arab Emirates

JLS Yachts

Gulf Superyacht Summit 2023 summary

 SuperYacht Times takes a look at everything you may have missed from this year’s packed programme at the Gulf Superyacht Summit 2023.

A complete summary of the Gulf Superyacht Summit 2023

In recent years, the Red Sea has experienced a notable transformation. What was once primarily a transit corridor for yachts journeying from the Mediterranean to the Indian Ocean and Asia has evolved into a burgeoning yachting destination. Historically, navigating the Red Sea presented challenges due to bureaucratic hurdles tied to the Suez Canal and the surrounding nations. However, this region has witnessed substantial investments in infrastructure and a gradual relaxation of regulations. Initiatives such as the <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> and the Amaala project in Saudi Arabia as well as a surge in marina development in Egypt have reshaped perceptions of the Red Sea. It is no longer solely a transit passage; rather an increasingly appealing yachting destination. <img src="https://photo-assets.superyachttimes.com/photo/241350/image/large-2de9324bef92f6cd991b8cb0b8e8d467.jpg" data-gid="gid://syiq/Photo/241350">According to <a href="https://superyachttimes.ac-page.com/homepage" rel="noopener noreferrer" target="_blank" title="">SYT IQ</a> data, the Red Sea has seen a surge in yacht transiting and frequenting the area. In the first six months of 2022, 96 superyachts were recorded, matching the total for the entire year of 2021. Furthermore, the first half of 2023 witnessed a remarkable 64 percent increase in yacht transits through the canal.<img src="https://photo-assets.superyachttimes.com/photo/291464/image/large-55953f9cd105cbb3f7689ffe4cbcc39c.jpeg" data-gid="gid://syiq/Photo/291464">To address the regulations governing Suez Canal transit, the Suez Canal Authority (SCA) has introduced new incentives for yachts. Notably, yachts with a Suez Canal Gross Tonnage of under 300 tonnes can enjoy exemptions from standard Suez Canal transit dues and berthing fees if they stay for ten days or more. Additionally, there is a 50 percent discount on berthing fees for yachts stored for 30-90 days and a substantial 70 percent discount for those with storage periods ranging from 90-180 days only for yachts that will attend the opening of the Ismailia marina, scheduled at the end of October.<img src="https://photo-assets.superyachttimes.com/photo/291613/image/large-faa764426b1c1ec713163946753184f9.jpeg" data-gid="gid://syiq/Photo/291613">A number of international firms have worked over recent years to improve the experience of yachting in and around the region. Egyptian company, <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix Maritime Agency</a>, plays a pivotal role in the ongoing efforts in liaising the management and marketing of the Ismailia Marina in Egypt. Notably, the agency has recently attained the status of being the preferred agent for the Suez Canal Authority. This designation grants them exclusive priority access to assist any yacht navigating the Suez Canal, ensuring efficient support for permits, permissions, and all essential requirements throughout their journey in Egypt. <img src="https://photo-assets.superyachttimes.com/photo/291466/image/large-ee3cbb034446ab3174540d0191674f33.jpeg" data-gid="gid://syiq/Photo/291466">The agency is also actively involved in the marketing and organisational development of the Ismailia Yacht Marina, which is slated to open at the end of October, <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix</a> had an event at the <a data-gid="gid://syiq/Event/182" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2023">Monaco Yacht show</a> promoting the upcoming opening and development of the marina. Positioned midway along the canal, the Ismailia marina aims to enhance the yachting experience. It offers a convenient stop in the journey, providing access to its facilities and the option for yachts to explore nearby attractions. Moreover <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix</a>’s sister company, Sailing Tours, will have an office in the marina which can facilitate day trips for marina guests to Cairo for iconic sites like the pyramids. This marina serves as a central point, appealing to yachts interested in the Red Sea's water activities or those looking to extend their stay in the region.<img src="https://photo-assets.superyachttimes.com/photo/291465/image/large-c8a5b4b76e871b101d43dad5b394f424.jpeg" data-gid="gid://syiq/Photo/291465">Similar initiatives promoting yachting in the Red Sea region are observed in Saudi Arabia, where yacht management company Hill Robinson provides comprehensive services to facilitate yacht entrance. These services encompass berth arrangements, crew transfers, immigration procedures, clearances, provisioning, and concierge assistance.Cooperation among stakeholders in the Red Sea region plays a pivotal role in enhancing the current regulatory framework and promoting infrastructure development. Yacht travellers often explore diverse destinations like Jeddah, <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>, and the Saudi and Egyptian islands. Over time, their interests evolve, and many seek to diversify their experiences by venturing into different sides of the Red Sea.Various companies, such as <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS</a> and <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix Maritime Agency</a> have begun to actively collaborate with stakeholders across the wider Gulf Region. This interconnected network facilitates seamless communication and support for yachts throughout their journeys.<img src="https://photo-assets.superyachttimes.com/photo/241349/image/large-54e320bcd47184c0c180ca77446d3aa2.jpg" data-gid="gid://syiq/Photo/241349">The Red Sea's evolution from a transit point to a preferred destination for yachts is a significant turning point in the region's yachting landscape. Yachts are no longer just passing through en route to destinations in Asia, such as the Maldives, but are increasingly choosing to utilise the marinas and services offered in the area while exploring its iconic destinations. This transformation underscores the growing importance of the Red Sea within the wider yachting community.

Navigating the Red Sea: From transit hub to yachting destination

A number of international firms have worked over recent years to improve the experience of yachting in and around the region.

Middle East-based yacht agency, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> has partnered with <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> to establish <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> as a premier luxury destination. This collaboration designates <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> as the "key partner superyacht agency" for <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>'s highly anticipated luxury island development.<img src="https://photo-assets.superyachttimes.com/photo/250919/image/large-12b1190a522a9c149f8219a37a5b0bd0.jpg" data-gid="gid://syiq/Photo/250919">Situated in the waters of the Red Sea along Saudi Arabia’s northwestern coastline, <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> aims to define a new dimension of exquisite bespoke travel. With its grand opening scheduled for 2024, <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> stands as <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>'s inaugural tourism destination, promising an extraordinary luxury lifestyle experience. Nestled among <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>'s 41 islands, <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> is set to establish a world-renowned yachting ecosystem, featuring a capacity of over 5,000 berths.<a data-gid="gid://syiq/Article/56505" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Sea development: Sindalah, NEOM’s first island development with 86-berth marina announced (2022-12-05 14:30:00 +0100)">Read:&nbsp;Red Sea development: Sindalah, NEOM’s first island development with 86-berth marina announced</a><img src="https://photo-assets.superyachttimes.com/photo/280904/image/large-7b2c719e29958cb1bff4d619772bd4d8.jpg" data-gid="gid://syiq/Photo/280904">The partnership underscores <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>’s commitment to elevating <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> into a global yachting haven. Conveniently located a mere 17 hours' sailing time from the Mediterranean, the island is strategically positioned to attract yachting enthusiasts from around the world.<a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">&nbsp;JLS Yachts'</a> marina office will extend a comprehensive range of top-tier services, catering to the comfort and delight of the yachting community. These services encompass berthing, provisioning, bunkering, customs clearance, transportation, and travel arrangements.<img src="https://photo-assets.superyachttimes.com/photo/276016/image/large-7cd56fd2aa6a156f21b3da2ad77e2155.jpg" data-gid="gid://syiq/Photo/276016">This appointment marks <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts'</a> distinction as <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>'s second official yachting partner, following the announcement in June 2023 that Monaco-based <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> would also establish a presence at the <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah marina</a>.<a data-gid="gid://syiq/Article/57980" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting partners with NEOM marina Sindalah to support yachting in Saudi Arabia (2023-06-28 17:00:00 +0200)">Read: BWA Yachting partners with NEOM marina Sindalah to support yachting in Saudi Arabia</a>Leveraging its well-established presence in the Arabian Gulf and Indian Ocean regions, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> is poised to bring its regional expertise to <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a>.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/280910/image/large-4cb8fd08124967ee3b8a9e4421025cbe.png" data-gid="gid://syiq/Photo/280910">Antoni Vives, Chief Urban Development Officer at <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>, emphasised, "<a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> is set to showcase an unprecedented level of seamless luxury, inviting the global yachting community to explore the splendours of the Red Sea. <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> stands as our partner in realising the ambitious vision of <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a>, as we proudly present <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>'s physical embodiment."<img src="https://photo-assets.superyachttimes.com/photo/248517/image/large-a0fbf6417e832cd84e26bc4548340654.jpg" data-gid="gid://syiq/Photo/248517">Captain Stephan Corbett, CEO of <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a>, expressed his enthusiasm, stating, "Our selection as a key partner for <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>'s <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> Island on the Red Sea coastline is a great honour. With our operational offices now established in Jeddah and Riyadh, we are well-positioned to serve our VIP owners, captains, and crew."

Sindalah partners up with JLS Yachts for NEOM marina Sindalah

NEOM has announced its strategic partnership with JLS Yachts.

 JLS Yachts partners with NEOM's marina Sindalah in Saudi Arabia

<a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts LLC</a>, in conjunction with its subsidiaries Superyacht Middle East and Superyacht Maldives, has announced the addition of Superyacht Saudi Arabia to its portfolio.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/261848/image/large-f04425ab333aaa2cde915c87c1696132.jpg" data-gid="gid://syiq/Photo/261848">With the inauguration of their new offices in Jeddah and the commencement of operations, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> aims to solidify its position as a leading provider of exceptional services to superyacht clients and crew.<img src="https://photo-assets.superyachttimes.com/photo/212918/image/large-3c1b59d41c4dbb32eb13e82fe58b17c3.jpg" data-gid="gid://syiq/Photo/212918">On June 1st, 2023, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> responded to the increasing demand from yacht owners and captains, by extending its renowned services from the UAE and Maldivian hubs, to the west coast of Saudi Arabia. The country's rapid growth, exemplified by marina expansions and the development of deluxe properties, as part of the ambitious Saudi Vision 2030 initiative, has created a fertile ground for <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a>. They are now fulfilling requests spanning from the northern Jordanian border to the southern city of Jazan. Leveraging its established presence in the Gulf region and the Maldivian archipelago, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> continues to serve as the ultimate one-stop shop for all maritime services.<img src="https://photo-assets.superyachttimes.com/photo/261845/image/large-a72dd90b19a739176908c0e41cae29c0.jpg" data-gid="gid://syiq/Photo/261845">With the opening of the new office in Jeddah, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> reinforces its commitment to delivering unparalleled service excellence. By expanding into Saudi Arabia, the company aims to elevate the superyacht experience for its discerning clientele and ensures that superyacht owners and crew receive the highest level of service and satisfaction.<img src="https://photo-assets.superyachttimes.com/photo/240421/image/large-2d2bab9ff30bae345cdd64c6c26bce56.jpg" data-gid="gid://syiq/Photo/240421"><a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts'</a> expansion into Saudi Arabia marks a key milestone in its journey to revolutionise the superyacht services industry. With the inauguration of a new office and the initiation of operations in Jeddah, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> positions itself as a key player in &nbsp;delivering exceptional services to superyacht clients and crew in the Middle East.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233158/image/large-38efa9d8e0aff31309182446bf7b34ef.jpg" data-gid="gid://syiq/Photo/233158"><img src="https://photo-assets.superyachttimes.com/photo/212928/image/large-fef103e807fbf01b7d93058305a4bacc.jpg" data-gid="gid://syiq/Photo/212928">As the demand for superyacht services continues to surge in Saudi Arabia, <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> is well-positioned to meet the growing needs of yacht owners and captains, spanning from the northern border to the southern city of Jazan.&nbsp;

JLS Yachts expands superyacht services to Saudi Arabia

JLS Yachts has announced the addition of Superyacht Saudi Arabia to its growing portfolio

Over the last five years the governments of the Arabian Gulf have invested millions into the yachting infrastructure of the region, building world class marinas, yacht clubs, as well as crew and refit facilities. As one of the up and coming destinations in the yachting industry we have focused a spotlight on the region, speaking with some of its top experts. <img src="https://photo-assets.superyachttimes.com/photo/248524/image/large-e855236d962c44701efc7735dc1d8079.jpg" data-gid="gid://syiq/Photo/248524">Yousuf Lootah, Executive Director of Developments and Investments, Dubai Department of Economy and Tourism shares his experience of the industry in Dubai, while Oliver Rees, General Manager of <a data-gid="gid://syiq/Company/6557" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jeddah Yacht Club Marina (Company)">Jeddah Yacht Club &amp; Marina</a> in Saudi Arabia, gives the perspective of the northern Gulf. <img src="https://photo-assets.superyachttimes.com/photo/248523/image/large-76489a399bc2c4178220f56970280d8e.jpg" data-gid="gid://syiq/Photo/248523">Captain Steve Corbett has spent four decades in the yachting industry and founded <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> and Superyacht Middle East and brings a wealth of knowledge on the region to this panel. Finally, Grant Holmes, Global Sector Head at <a data-gid="gid://syiq/Company/6816" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inchcape Shipping Services (Company)">Inchcape Shipping Services</a>, shares insight from the commercial maritime industry which already enjoys a huge amount of success in the region.<img src="https://photo-assets.superyachttimes.com/photo/209632/image/large-d76180302c523fc24754864f20a23eed.jpg" data-gid="gid://syiq/Photo/209632">The Arabian Gulf is a burgeoning region for the yachting industry, can you tell us a little about how it has evolved over the last decade?Captain Steve Corbett: Historically there has been an acute shortage of large marina berths and a maritime system based around old “merchant marine” rules and regulations, but <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> / Superyacht Middle East has worked tirelessly with Government departments especially <a data-gid="gid://syiq/Company/6865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Tourism (Company)">Dubai Tourism</a> and the DMCA (Dubai Maritime City Authority) to recognise the input that “Foreign Flagged” yachts have on a destination.Dubai answered the call and developed marinas such as the new <a data-gid="gid://syiq/Company/6804" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Harbour Marina (Company)">Dubai Harbour Marina</a> and <a data-gid="gid://syiq/Company/5856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mina Rashid Marina (Company)">Mina Rashid Marina</a>. Dubai also eased and modified the rules of engagement for yachting entering UAE waters with new policies like 6-month renewable cruising permits and 6-months multi-entry (all Nationalities) crew visas. We have also successfully negotiated an easing of tax implications for yachts being shipped to Dubai on Mother Vessels and being cleared with no tax implications on a 6-month entry basis.<img src="https://photo-assets.superyachttimes.com/photo/248522/image/large-cbe9d5c631b38746744edd27f82b5437.jpg" data-gid="gid://syiq/Photo/248522">Yousuf Lootah: Dubai has made rapid progress to emerge as a leading multi-faceted global hub for the sector. Over the last 10 years, the city has continued to develop its state-of-the-art yachting and cruising amenities, offerings and facilities to create a nautical ecosystem and welcome yachting enthusiasts from across the world.&nbsp;The launch of the <a data-gid="gid://syiq/Company/6804" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Harbour Marina (Company)">Dubai Harbour</a> has further enhanced Dubai’s position as a leading yachting and cruising hub and has also been instrumental in providing yachts and their owners an additional platform for berths and docking. Along with several other marinas across the emirate including <a data-gid="gid://syiq/Company/5856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mina Rashid Marina (Company)">Mina Rashid</a>, Dubai is now home to over 15 marinas with more than 3,000 berths. Today, with its world-class infrastructure, picturesque coastline, simplified access procedures, open anchorage areas, luxury marinas, Dubai has become a global yacht tourism destination.<img src="https://photo-assets.superyachttimes.com/photo/248504/image/large-78e2679ac0f7613fc6d94ed49f071eb3.jpg" data-gid="gid://syiq/Photo/248504">Oliver Rees: Parts of the Middle East have worked a lot on tourism to appeal to the wider world. The region has an attractive climate 9 months of the year and a lovely coastline making it an alternative destination for winter cruising. Places like Dubai and Abu Dhabi have invested in infrastructure to accommodate yachting in general while working on the bigger picture of attracting the international yachting community.&nbsp;Grant Holmes: The evolution of the Arabian Gulf region occurred due to the high number of Ultra High Net Worth (UHNW) individuals from Abu Dhabi, Dubai, Qatar, Bahrain and Muscat interested in purchasing their own yachts, which in turn generated the need for marinas with supporting services. As the number of marinas and services grew to cater for yachts, the region started to flourish for locally flagged yachts. <img src="https://photo-assets.superyachttimes.com/photo/212919/image/large-253acb3eca3f00dd615751d06eedd514.jpg" data-gid="gid://syiq/Photo/212919">What has inspired the movement toward yachting in the region?Captain Steve Corbett: Superyachts are getting bigger and owners are cruising further and making the commitment to cross the Suez Canal. Once through the Canal services are limited but with <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts / Superyacht Middle East</a>™ opening its new office in Jeddah in November 2022 – yachts are assured to receive a good service when they enter the region. Features like the Saudi / Bahrain / Abu Dhabi Grand Prix, Dubai Expo, Qatar World Cup, Dubai <a data-gid="gid://syiq/Company/6878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailGP (Company)">SailGP</a>, Gulf Superyacht Summit and <a data-gid="gid://syiq/Company/1709" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai International Boat Show (Company)">Dubai Boat Show</a> are all attractions that enhance visits to our shores.Yousuf Lootah: Dubai’s all year round warm climate and longstanding maritime affiliation, which has been built upon year on year, has been the base for the city’s yachting industry. The marinas and facilities have attracted global yachting tourists and enthusiasts. The continuing expansion of this sector has significant benefits for Dubai as a superyacht capital and further consolidates Dubai’s status as a gateway to the region. This is aligned with the commitment of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to make Dubai the most sought-after destination and an attractive city to live in and work. <img src="https://photo-assets.superyachttimes.com/photo/248510/image/large-78cb5d59072f3c5bff639ae03156a375.jpg" data-gid="gid://syiq/Photo/248510">Oliver Rees: The region has so much to offer for yachting and it’s realising its potential. A lot of the red tape has now been removed to make the process easier for some parts, which helps captains navigate with better agents to help with the process of coming into these countries. Captains also want other options after the Mediterranean season with different itineraries to explore and this region can offer that.Grant Holmes: The inspiration in reality came from a strong demand and desire of local UHNW Arabs to purchase new-build yachts of all descriptions in their own country within the Arabian Gulf region. Many of them have enjoyed yachting in the Mediterranean and Caribbean and now they want to enjoy that experience at home. <img src="https://photo-assets.superyachttimes.com/photo/243121/image/large-b88a5917808731bb25ba5ec8cf9aad34.jpeg" data-gid="gid://syiq/Photo/243121">Why do you think it has so much potential for superyacht owners and crew?Captain Steve Corbett: The Indian Ocean is the gateway to the Far East and also the Arabian Sea up to and including the Arabian Gulf. Dubai and UAE are great places for rest and relaxation for the crew with good connections for a crew change, and very good for yacht repair, excellent marinas and moorage options and a great provisioning stop. It offers a great last stop before proceeding onto the Maldives and then Malaysia, Hongkong, Singapore, etc.Yousuf Lootah: Dubai is particularly attractive as a hub for superyacht owners and its guests, with its world-class facilities and sophisticated infrastructure, simplified access procedures, open anchorage areas, luxury marinas and diverse sea and land-based experiences, and plethora of fine-dining restaurants and tourism attractions, all within easy access of the marinas.While for captains and crew, the city offers a consolidated multicultural environment, the presence of international schools for families, a central hub for flight connections globally, and a long season with beautiful weather. Combined with its ideal geographical location midway between the East and the West which makes its airline connectivity one of the most compelling advantages that Dubai has.&nbsp;Grant Holmes: The city destinations of Dubai, Abu Dhabi, Doha, Muscat and Manama offer a plethora of formidable world best attractions, leisure and tourism facilities, services and experiences. Coupled with idyllic and deserted islands, diving opportunities, desert orientated adventures and the culture of Arabian Hospitality make it a desirable and unique region for yachting. <img src="https://photo-assets.superyachttimes.com/photo/242122/image/large-baedb6550349b9c76502cbb3067cb694.jpg" data-gid="gid://syiq/Photo/242122">What can we expect in the coming years in terms of development?Captain Steve Corbett: More marinas with bigger berths – better and improved services for crew, as well as new superyacht service areas in Dubai. Expansion development in Oman and Qatar, easing of rules and regulations in yacht entry/exit operations and an expansion on the Saudi West Coast with many marinas and entertainment plans and services – yacht repair facilities and associations with Egypt, Israel and Jordan for charter options.Yousuf Lootah: Over the coming years, we will see a number of exciting developments in Dubai’s yachting industry which include state-of-the-art refit and shipyard maintenance, professional yachting and maritime academies for future crew, and qualified training centres for staff, in addition to upgrades to marinas. Dubai is also planning to host more luxury and yachting related events, and expects more entrepreneurs and owners of superyachts to open their offices in the city. Additionally, yacht guests can expect more streamlined docking and regulation processes.<img src="https://photo-assets.superyachttimes.com/photo/248502/image/large-3dd827d1fe1013aa08fa7589befaba2b.jpg" data-gid="gid://syiq/Photo/248502">Oliver Rees: Saudi Arabia is heavily investing in infrastructure to attract yachting to the region with more marinas, yacht clubs, beach clubs, hotels, shipyard facilities and opening previously private areas to yachting tourism. This will take time, but the first steps have been made with the addition of Jeddah Yacht Club providing superyacht facilities and an ideal place to stop for fuel on route to the Indian Ocean.&nbsp;Grant Holmes: Greater connectivity to the nearby Yachting regions encompassing the West of India, Sri Lanka, Maldives, Seychelles, Mauritius, Reunion and all Vanilla Islands, as well as the Red Sea. Such connectivity would allow Yachts to operate in the wider region without crossing the Suez Canal on a year-round basis. <img src="https://photo-assets.superyachttimes.com/photo/232076/image/large-6c990d407e0719deea43d5c686019210.png" data-gid="gid://syiq/Photo/232076">What challenges are yet to be overcome for yachting in the region?Captain Steve Corbett: There are still many challenges in the marine sector around superyacht and pleasure yacht operations – especially in the developing areas of Oman / Saudi / Qatar and even Maldives to a degree. We need these countries to work together to have a streamlined cohesive operation and complete understanding of this extremely valuable market. Better service, more moorage options, visa, and cruising permits will all be important. One of the biggest obstacles at present is the ability to charter and service those products.&nbsp;Oliver Rees: There is a hunger here, and a want to facilitate, but a lot of the legislation needs to be updated to make international yachting clearance smoother. There are good steps in the right direction with new extended cruising permits introduced within regions to make long stays easy. With the help of yachting agents, educating governments and ministries, we are slowly making headway at improvements to give visiting yachts a more seamless experience.&nbsp;Grant Holmes: Routing and inter-connectivity between all key destinations remains a challenge. Certain regulations, immigration and customs procedures and administration, including clearances, need to be simplified, but a lot of progress is already being made in these areas. <img src="https://photo-assets.superyachttimes.com/photo/209631/image/large-062082179b2be4de100888c734fb22db.jpg" data-gid="gid://syiq/Photo/209631">What do you think is the most valuable thing the region has to offer?Captain Steve Corbett: Location! Plenty of sunshine, cheaper fuel, beautiful beaches and many untapped and unexplored areas of warm water, idyllic Islands. It is a great place to make your base and then explore from there. Oman has a spectacular coastline with Khors and hidden anchorages that are spectacular. The UAE has an incredible activities calendar with some of the biggest events and production in the world.&nbsp;Yousuf Lootah: Apart from the range of world-class infrastructure and facilities, Dubai’s maritime tourism offering is spread across the landscape and even touches a part of the city’s cultural and social fabric. As a cosmopolitan destination that is home to over 200 different nationalities, Dubai also offers visitors an outstanding quality of life and a distinctive lifestyle experience . As the gastronomy capital of the region, Dubai has an array of homegrown and international restaurants, offering a plethora of culinary experiences catering to all appetites, cultures and budgets.Grant Holmes: To Sail between waters of the most modern, luxurious and attractive cities on the planet with world class infrastructure that act as gateways to a wide spectrum of world best attractions as well as nature, aqua and adventure orientated experiences.&nbsp;This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/superyacht-times-issue-42" target="_blank">Issue 42 of SuperYacht Times newspaper.</a>&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Expert Insight on the Arabian Gulf 

SYT speaks to Yousaf Lootah, Oliver Rees, Captain Steve Corbett and Grant Holmes about the Arabian Gulf yachting industry.

Expert Insight: Arabian Gulf 

The <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit 2022</a> is now only a few days away, taking place on 9 and 10 November onboard the Queen Elizabeth 2 in <a data-gid="gid://syiq/Company/5856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mina Rashid Marina (Company)">Marina Mina Rashid</a>, Dubai, under the patronage of <a href="https://www.superyachttimes.com/companies/p-o" target="_blank">P&amp;O Marinas</a>.&nbsp;Some of the keynote speakers have already been announced with Peter Lürssen, CEO of <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen Yachts</a> declared as the honoured keynote interviewee for the event. Peter Lürssen is the fourth-generation shipyard owner of the legendary German shipyard, which has built a large proportion of some of the world’s most exclusive yachts. We are now able to announce the final list of speakers for the two day event. <img src="https://photo-assets.superyachttimes.com/photo/235856/image/large-9034c539c3da3b38f1bf9af695f0d5ea.jpeg" data-gid="gid://syiq/Photo/235856">WEDNESDAYThe future of the Gulf | 9 Nov |&nbsp;09:45 - 10:25A panel of experts from the region gives an update on the latest developments in the Gulf Region. Gunther Alvarado, COO of Al Seer Marine has now joined the panel, to share more about the recent announcement that <a data-gid="gid://syiq/Article/56027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine, MB92 and P&O Marinas to create superyacht service centre and refit shipyard in Dubai (2022-09-27 16:15:00 +0200)">Al Seer Marine, MB92 and P&amp;O Marinas are investing in a superyacht service centre and refit shipyard in Dubai</a>.<img src="https://photo-assets.superyachttimes.com/photo/90580/image/large-267f4d2bfd330bdaa3d6a910ce1d9d48.jpg" data-gid="gid://syiq/Photo/90580"> Investing in the UAE | 9 Nov | 10:25 - 11:05&nbsp;With a growing fleet and more demand for yachts, it is now a good time to invest in the yacht industry of the United Arab Emirates. What are the opportunities and challenges of investing or starting a yacht business in the United Arab Emirates. Paolo Casani, CEO of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> yacht brokerage will be joining Jean-Marc Bolinger of <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a>, Francis Lapp of <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> and Saleha Osmani, Regional Head of the Middle East of Invest Industrial. <img src="https://photo-assets.superyachttimes.com/photo/215707/image/large-2c4101a2581add199ebbd49be32048fd.jpg" data-gid="gid://syiq/Photo/215707">Looking after the growing fleet in the UAE | 9 Nov | 11:35 - 12:15Globally the superyacht fleet is growing, but also in the UAE. There need to be marinas to dock the yachts, agents to support them, suppliers to supply them and shipyards to maintain them, is that available and what needs to be done? The panel has now been expanded to include Jo Assael, Director of <a data-gid="gid://syiq/Company/834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Döhle Private Clients Ltd (Company)">Döhle Yachts</a>, Fiorenzo Spadoni, Marine United Kingdom Area Director of <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> and Captain Mike Fetton, General Manager of <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/48515/image/large-2ba0ccb304fc4014ce90ea19fae11ae2.jpg" data-gid="gid://syiq/Photo/48515">The challenges of yacht ownership in the Gulf | 9 Nov | 12:15 - 12:55What are the challenges faced by superyachts owners in the Gulf region? Oliver Blanchet, Head of Jet and Yacht Finance of BNP Paribas, Julian Smith, Principal Surveyor of the Cayman Islands Shipping Registry and Rob Tobin, Managing Director of <a data-gid="gid://syiq/Company/5129" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riela Yachts (Company)">Riela Yachts</a>, discuss finance, ownership structures, insurance and flagging.&nbsp;Attracting new clients in the Gulf | 9 Nov | 14:20 - 15:00The number of millionaires in Dubai has increased by 18% to around 67,900 millionaires and the real estate market is booming. Is there also a stronger demand for yachts in the Gulf region? Justin Ratcliffe will be joined on stage by Rado Antolovic, CEO of<a data-gid="gid://syiq/Company/6122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DryDocks World (Company)">&nbsp;Drydocks World</a>, Jorritt Pilaar, Sales Manager of <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Paris Baloumis, Group Marketing Director of <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.<img src="https://photo-assets.superyachttimes.com/photo/205513/image/large-b8253c0903b3a9878c18542f0203a3b6.jpg" data-gid="gid://syiq/Photo/205513">The Owner’s Perspective | 9 Nov | 15:00 - 15:30Interview with a superyacht owners to get their perspective on cruising the Gulf region and beyond. Francesca Webster will be moderating the talk between Guido Krass, owner of the 85-metre superyacht <a data-gid="gid://syiq/Yacht/6018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bold85.3m (279'10&quot;)SilverYachts2019">Bold</a>, and Mohamed Al Zaabi, owner of the 35m <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> <a data-gid="gid://syiq/Yacht/1420" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DXB34.95m (114'8&quot;)Benetti SpA2003">DXB</a> and CEO of <a data-gid="gid://syiq/Company/4686" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yachts Dubai (Company)">Royal Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/247653/image/large-90ee00189d2f26e92590de9fcc4096db.jpg" data-gid="gid://syiq/Photo/247653">Charter the way forward for the Gulf? | 9 Nov | 15:30 - 16:10 To create a destination, it is extremely important that there are yachts available for charter. Be it for day charters or overnight charters. How can the Gulf attract more charter yachts? The original panel will now be joined by Anastazja Kociolkowska,&nbsp;Business Development Manager Dubai of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.THURSDAYThe Great Eastern Route | 10 Nov | 9:00 - 9:40What can the different regions and countries do together to get more superyachts travelling eastwards? Grant Holmes of Inchape will now be joined on stage by Steve Stiglbauer, Port Manager of Old Doha Port, as well as Abdulla Waheed, Managing Director of <a data-gid="gid://syiq/Company/4537" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maldives Yacht Support (Company)">Maldives Yacht Support</a>.<img src="https://photo-assets.superyachttimes.com/photo/90581/image/large-c1ba62634c94849d6fba5fb7d716e500.jpg" data-gid="gid://syiq/Photo/90581">How tech can benefit the Superyacht Industry | 10 Nov| 10:00 - 10:40Technology is a big part of our lives today and the superyacht industry starts to slowly adopt more tech. On this panel, we have some experts who are challenging the industry with cool tech solutions that benefit industry professionals and superyacht owners. For this newly launched panel, Merijn de Waard will be joined by Sylvain Vieujot of <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">ENATA</a>, Thomas O’Nial, Co-Founder of Meta Yachts, Giovanni Alessi Anghini, Chief Innovation &amp; Technology Officer of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> and Fabian Tollenaar, Technology Director of YachtEye.<img src="https://photo-assets.superyachttimes.com/photo/247676/image/large-62b2d94a7fe7e4d62108e7766bd12485.jpg" data-gid="gid://syiq/Photo/247676">The Energy Challenge | 10 Nov | 11:30 - 12:10With a lot of forward-thinking billionaires as clients, why is there no superyacht on the water yet that is powered by hydrogen? What are the latest developments and what will it look like in 5-years from now? Engel Jan de Boer,&nbsp;Yacht Segment Director of <a data-gid="gid://syiq/Company/554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyds Ships (Company)">Lloyd's Register</a> will be moderating the panel with Paolo Bertetti,&nbsp;Vice President Technical R&amp;D of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, Jo Assael of <a data-gid="gid://syiq/Company/834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Döhle Yachts (Company)">Döhle Yachts</a> and Dr. Bernhard Urban, Head of Development &amp; Innovation of <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Fr. Lürssen Werft GmbH &amp; Co. KG</a>.<img src="https://photo-assets.superyachttimes.com/photo/235859/image/large-e7d2935d870c7b3871df2e6fb3326f97.jpeg" data-gid="gid://syiq/Photo/235859">You can find the full schedule and more information on the <a href="https://www.superyachttimes.com/yacht-news/gulf-superyacht-summit-2022-early-bird-tickets#managed-by-system" target="_blank">Gulf Superyacht Summit</a> website: <a href="https://www.gulfsuperyachtsummit.com/" target="_blank">www.gulfsuperyachtsummit.com</a>. <a href="https://dubai.platinumlist.net/event-tickets/84531/gulf-superyacht-summit" target="_blank">Early bird tickets</a> for the <a href="https://www.superyachttimes.com/yacht-news/gulf-superyacht-summit-2022-early-bird-tickets#managed-by-system" target="_blank">Gulf Superyacht Summit 2022</a> now sold out, but there are some final tickets remaining. Don’t miss out, <a href="https://dubai.platinumlist.net/event-tickets/84531/gulf-superyacht-summit" target="_blank">buy your tickets today</a>. <img src="https://photo-assets.superyachttimes.com/photo/240975/image/large-1dd1deadc2235db72ef7c675ba4762cc.png" data-gid="gid://syiq/Photo/240975"><img src="https://photo-assets.superyachttimes.com/photo/240976/image/large-fd2d41a0239fa277712a77d8dfcfd133.png" data-gid="gid://syiq/Photo/240976">

Gulf Superyacht Summit speakers

The final speakers have been announced for next week's Gulf Superyacht Summit.