Gulf Craft recorded a robust 42% growth in the value of its global order book during the first half of the year (January to June 2021) compared to the same period in 2020. The UAE-based boat and yacht manufacturer has secured 71 confirmed orders for its range of boats and superyachts in the first half of 2021 with 32 delivered to customers from around the world already.
Gulf Craft’s global expansion has continued to take shape and there has been a significant push into Europe with distribution channels set up in Germany, Spain, the Netherlands and Portugal, as well as Australia.
The company has also strengthened its foothold in the Maldives with the announcement of the development of a new factory and a commitment to double the size of its operations there within 16 months. In the first half of the year Gulf Craft was awarded a contract with Maldives Transport and Contracting Company (MTCC) to manufacture vessels for the Integrated National Public Ferry Network which aims to establish an efficient transport system to all administrative islands of the Maldives.
The highlight of the half-year however was the formal unveiling of the Majesty 175, the world’s largest composite production superyacht, due to be handed over to its owner later this year. Built to the specifications outlined by the UK’s Maritime and Coastguard Agency (MCA) for yachts over 500 gross tonnage (GT), the Majesty 175 has a gross tonnage of 780, making it the largest in the Majesty fleet to date. Manufactured by Gulf Craft at its production facility in Umm Al Quwain the exterior and interior design was produced by Cristiano Gatto Design Studio in Italy while the naval architecture is by Massimo Gregori of the Yankee Delta Studio.