Gulf Craft expands production with a new hub in Ajman

Gulf Craft is strengthening its growth strategy in the yachting sector with the opening of a new production facility in the Emirate of Ajman, in the United Arab Emirates. This latest move by the Emirati shipyard combines industrial value with symbolic meaning, as the new site is located near the area where Gulf Craft was originally founded in 1982.

The investment comes at a time of strong growth for the yachting industry, which globally reached an estimated value of around $37.4 billion in 2024 and is expected to maintain steady expansion, with annual growth forecasts close to 6% in the coming years.

Gulf Craft: a new hub to meet evolving market demand

More specifically, the new Gulf Craft facility will focus on the production of the brand’s more recreational-oriented models, particularly the Oryx cabin cruisers and the SilverCat power catamarans. These two ranges clearly reflect the shipyard’s response to the rising popularity of multihulls and the increasingly strong demand from owners worldwide for boats that offer greater comfort, versatility, and performance.

The SilverCat range, in particular, aligns with this trend by offering wide-beam platforms designed to maximize stability and optimize onboard living space, both underway and at anchor. At the same time, interest in cabin cruisers continues to grow, as they are increasingly seen not just as sporty boats but as true floating living spaces. The Oryx models embody this evolution, featuring remarkably generous interior volumes, well-organized cabins, and living areas designed for comfort and socializing.

Covering an area of 10,000 square meters, the new Ajman facility also represents a strategic investment from both a logistical and production standpoint. Located directly on the waterfront, it allows for on-site launching and sea trials, streamlining production cycles and making testing, commissioning, and delivery faster and more efficient.

The geographic position of the United Arab Emirates further enhances the value of this investment. Strategically located between Europe, Asia, and Africa, the UAE has become a key hub for international yachting and distribution to emerging markets.

At the same time, the entire Gulf region is experiencing significant growth in nautical tourism and related infrastructure, driven by the development of marinas, urban waterfronts, and new coastal destinations.

With this expansion, Gulf Craft demonstrates its intention to further strengthen its role as a leading player in the global recreational boating industry, investing in segments that currently represent some of the market’s most promising areas.