Riding The Wave of the Middle East’s Luxury

26 Jan 2019

BEIRUT – The global yachting industry is expected to reach $74.2 billion by 2022. The Middle East alone is home to 12% of the world’s superyachts whilst the estimated worth of the luxury goods market in the Middle East is $15 billion.

Millennials in the Middle East are richer than the average and their willingness to buy is stronger. These Millennials are business owners who are worth up to $20 million.

“Located at the doorstep of the Middle East’s emerging wealth and a touristic ground of wealthy Arabs, Beirut is a favorable destination for the luxury retail market” – H.E. Fares Ghattas, Global CEO, The Luxury Network.

Plunge into Luxury at Beirut Boat Show 2019

Beirut Boat Show, the International Boat and Super Yacht Show, is gearing up to set sail for its 12th edition at the upscale Beirut Marina (Zaitunay Bay), from April 30 to May 4, 2019.

The show will host some of the internationally renowned yachting companies, superyacht builders and designers, nautical suppliers, in addition to well-known brands.

Keeping up with its accessible luxury motif, Beirut Boat Sow 2019 will feature a display of lifestyle, fashion and sports products, as well as jewelry and automobiles.

Over the course of time, Beirut Boat Show has marked its position as the ultimate luxury destination in the region, nestled in the heart of Beirut; the capital of extravagance and tourism.

“We have been participating in Beirut Boat for the past 12 years and we are very happy this year. The boat show was nice with lots of interesting contacts, and we will participate next year for sure…” said Marios Iordanu, Managing Director of Blue Point Yachting.

Beirut Boat Show 2018 welcomed 52 Exhibitors from 12 countries. Over the course of five days, they were able to meet more than 7,000 VIPs and visitors.

The show presented more lifestyle and luxury than ever before, and the new pop-up bars were a focal point of the show. the party program seemed almost endless underscoring Beirut Boat’s ability to connect buyers and sellers through social events in sophisticated surroundings.

The show showcased international shipyards such as CRN, Princess, Azimut, Galeon, Ferretti Group, Riva, Absolute along with Feadship & Benetti. In addition, Mercedes, Ulysse Nardin, Alfa, Muse du Liban, Beluga vodka and Casino du Liban were amongst the sponsors of the show.

“I was surprised, it was such a good show this year. We have new and potential clients, which was our main interest. The setup is good, and everything looks promising…” -said Alain Maaraoui, President of Sea Pros Yachts.

Beirut Boat Show represents a unique opportunity to meet a large concentration of high-profile visitors looking for boat upgrades, accessories, and nautical supplies, in addition to fashion, sports, and lifestyle products.