The Middle East’s economy is greatly impacted by the UAE maritime industry, providing numerous job prospects and partnerships with sectors like ship construction, offshore drilling, transportation, and manufacturing of coastal infrastructure.
The region’s vast coastal areas, strategic sea routes, and abundant natural resources like oil and minerals have established it as a significant global maritime business hub.
The United Arab Emirates shipping out in the Middle East’s maritime industry, with a global value of approximately $24.5 billion and contributing 6% to GDP growth.
Additionally, the recreational boating sector is expected to surpass $1.2 billion by 2025.
A growing market: who are its new buyers?
Recreational boating is experiencing a surge in interest from a younger demographic, with buyers now averaging 15 years younger than those two decades ago. Many of these new buyers are individuals without a family history of boating, including some from overseas who have recently relocated to the Dubai area. They are drawn to recreational boating by the availability of port facilities, favorable weather conditions, and the presence of shipyard UAE. Additionally, the UAE’s appeal to 8.08 million tourists annually, seeking new and authentic experiences, contributes to the popularity of boating as one of the most favored recreational activities, alongside diving and water sports.
Boating infrastructures
The UAE’s recreational boating scene is particularly drawn to superyachts, which were prominently featured at the Dubai International Boat Show 2023, a renowned event in the Middle East attended by both local and international boat builders and accessory manufacturers.
This edition showcased over 44 superyacht models and more than 1,000 marine industry companies unveiling their latest innovations, with a notable focus on advanced navigation systems capable of withstanding harsh conditions.
The Leisure Marine Association Middle East North Africa (LMA MENA), headquartered in Dubai, plays a pivotal role in advancing the leisure marine industry. It fosters cooperation among industry players, supports training initiatives, and works towards enhancing industry standards and safety at sea. Recently, Abu Dhabi Marine, a leading marine services provider in the UAE, joined LMA MENA as a Gold Sponsor, signaling a collaborative effort to bolster recreational boating in the region.
In May, Abu Dhabi Marine, in partnership with the Abu Dhabi Department of Municipalities and Maritime Transport, facilitated free moorings and parking for UAE citizensin the Al Dhafra region, promoting efficiency, safety, and environmental consciousness.
The event also showcased electric and hybrid boats, underscoring the industry’s shift towards alternative energy and infrastructure moei UAE ministry of energy sources and environmental sustainability. Prioritizing carbon emissions reduction and noise reduction not only enhances the boating experience but also safeguards coral reefs and marine life.
