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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Growing Demand for UAE-Made Yachts
The United Arab Emirates is becoming a significant player in the luxury yacht manufacturing industry. Gulf Craft, a prominent local builder, reports increasing international demand for its vessels. Meanwhile, Sunreef Yachts, originally from Poland, is expanding its production capabilities in Ras Al Khaimah to cater to markets across Europe, Asia, and Africa.
## Changing Perceptions and Strategic Investments
Erwin Bamps, CEO of Gulf Craft, notes a shift in global perceptions of UAE manufacturing over the past two decades. The UAE is now seen as a hub for high-value manufacturing rather than mass production. Gulf Craft has expanded its global reach by investing in a broader dealer network, selling yachts from Mexico to Australia.
## Export and Production Expansion
Both Gulf Craft and Sunreef are leveraging the UAE's strategic location to enhance their export capabilities. Sunreef has increased its spending on local suppliers and is integrating more production processes within the UAE. Gulf Craft continues to receive global inquiries, maintaining a strong international presence despite geopolitical challenges.
## Advanced Manufacturing Techniques
The yacht-building process at Gulf Craft involves extensive handcrafting, taking several months to complete. The company is also investing in technology to optimize design and engineering processes. Sunreef is adopting AI-supported systems and sustainable solutions, including solar integration, to boost efficiency.
## Future Prospects
Looking ahead, Gulf Craft anticipates sustained international demand and is expanding its manufacturing footprint, including a new facility in the Maldives. Despite regional tensions, the company remains optimistic about its business outlook. Sunreef is also scaling up its operations in the UAE, with plans to increase its workforce as production grows.
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