Around 12 percent of the world’s superyachts are owned by buyers from the Middle East, it has been claimed ahead of next month’s Dubai International Boat Show.
The Superyacht Builders Association (SYBA), many of whose members are participating in the show, said in a statement that 193 superyachts are owned by people from the Middle East, representing 12 percent of the global fleet of yachts over 40 metres in length, it says.
The average length of Middle East-owned superyachts is 63 metres, SYBA added.
Theo Hooning, secretary general of SYBA, said: “The Middle East is one of the traditional markets for the superyacht industry.
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