13/5/2010
Gulf Craft honoured at by Ajman Chamber of Commerce

UAE based boat manufacturer recognised for contribution to economic development.

Achieves leading global position in the luxury goods sector from the UAE.

Gulf Craft, the region’s largest and internationally renowned boat manufacturer has been honoured by the Ajman Chamber of Commerce for its contribution to the economic development of Ajman. The award was presented to Gulf Craft by His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council in recognition of Gulf Craft’s status as the most prominent exporter in the Emirate.

Nasser Alshaali, CEO, Gulf Craft, commented, “We are honoured to receive this award from His Highness, and are motivated to continue our path towards further growth and international recognition for the unique luxury products we have been producing in the UAE for the past 28 years. Our ability to keep up with ongoing demand for Gulf Craft yachts has enabled us to firmly establish ourselves in the global yacht manufacturing industry and to play a leading role in the industry on a global level.”

Exports account for 70% of Gulf Craft’s production. During 2009, Gulf Craft exported its Majesty Yachts range of luxury motor yachts to international markets such as Venezuela, Italy, and Hong Kong, making it the most successful regional yacht builder.

Established in 1982 in Ajman, Gulf Craft has grown midst the region’s fast commercial and industrial development, and has carried a pioneering role as an indigenous company that is capable of producing world class products and exporting them globally from the UAE. Having started out as manufacturers of small pleasure craft, Gulf Craft has produced almost 10,000 boats and yachts with yards in Ajman and Umm Al-Quwain in the UAE and one in the Maldives.

This year Gulf Craft marks the tenth year anniversary of the region’s superyacht building industry. Within a decade, Gulf Craft has delivered 18 superyachts, exceeding 100ft, to four continents - an achievement that makes Gulf Craft one of the most successful builders in the exclusive superyacht market.