The Dubai Maritime City Authority (DMCA) supported by the Department of Tourism and Commerce Marketing (Dubai Tourism) has organised a workshop for key government entities, yacht operators and manufacturers as part of wider efforts to develop Dubai’s maritime industry. The workshop was held following the announcement of the economic stimulus by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai to reinforce Dubai’s economy. This important sector has significant potential to grow by expanding into the lucrative luxury yachts sector plus ensuring leisure maritime pursuits are easier to enjoy with the overall aim to further broaden Dubai’s tourism offering.
With the global yacht industry expected to reach $74.7 billion by 20221, driven by luxury cruising among high net worth individuals, Dubai aims to be well-placed to ensure maritime regulations and infrastructure match the demanding expectations of this significant sector. Already the world’s fourth most visited city2, Dubai’s existing tourism proposition is hugely attractive for global visitors and is perfectly positioned to capture an increasing share of the high-end superyacht market. The leisure maritime sector is also expected to continue on an upward curve due to an easing of regulations encouraging recreational boating activities. Local stakeholders have highlighted a number of challenges that are being addressed to facilitate easier access and drive increased visitation from maritime enthusiasts who seek sea based experiences.