FINANCIAL NEWS

Super yachts sales in Mena to see growth

31 Jan 2017

(MENAFN) The tendency of high net worth individuals in the Mena area to buy superyachts amid the last 15 years is 20 percent, the second highest in the world after Eastern Europe at 46pct.

Accordingly, 197 from MENA region own superyachts; 12 percent of the global superyacht fleet above 40 meters in length.

Additionally, this shows 6.5 percent of the whole number of ultra-high net worth individuals worldwide, with the biggest growth in 2015 seen in the Asia Pacific.

According to SYBAss report, this underlines the importance of the MENA region to the superyachts industry and it highlights why the Dubai Intl’ Boat Show is amid the globe’s most notable boating events.

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