Bound for Europe: Majesty 110 and Majesty 100

MAJESTY 110 & MAJESTY 100 SUPERYACHTS BOUND FOR EUROPE

Gulf Craft gears up for the European Boat Shows as it sends off two of its most recently launched superyachts, a Majesty 110 & Majesty 100, on board the transport vessel Stellaprima to deliver them to France.

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Gulf Craft Maldives signs partnership with Maldives Transport and Contracting Company

Gulf Craft CEO Erwin Bamps signs agreement with Ibrahim Ziyath, CEO of the Maldives Transport and Contracting Company, (MTCC)Male, Maldives– Maldives Transport and Contracting Company (MTCC) has signed as a priority partner of Gulf Craft. The partnership agreement was signed by Gulf Craft CEO Erwin Bamps and MTCC CEO Ibrahim Ziyath.

The agreement signed by MTCC and Gulf Craft will enable the company to install Suzuki outboard engines on boats built by Gulf Craft Maldives. Continue reading

GULF CRAFT EXPLORES DIFFERENT YACHT OWNERSHIP OPTIONS

When Erwin Bamps joined Gulf Craft as CEO in 2002, his main task was to scale up the business. At the time, the company was building smaller vessels, but its intention was clear. It first wanted to build yachts, then superyachts, and get a global presence.

With headquarters in Ajman, United Arab Emirates, Gulf Craft originally began targeting potential Middle East customers who were right on its doorstep. The increase in wealth in the Emirates, and later Southeast Asia, helped the company grow, and now it has three shipyards in the Gulf, and a further one in the Maldives, employing just over 1,500 people across all locations.

Although Gulf Craft is growing, Bamps believes that, for the industry to grow further, we need to look more towards shared ownership. Continue reading

Gulf Craft officially Kicks Off the 4th ALP Program

Gulf Craft’s Executive Management Officer. Abeer Alshaali,  officially opened the 4th Edition of the Abdulaziz bin Humaid Leadership Program with the theme ‘My World’, held at the Fairmont Hotel in Ajman on March 12.

GULF CRAFT OFFICIALLY KICKS OFF THE 4TH ALP PROGRAM GULF CRAFT MAR 13, 2017

Abeer Alshaali during her presentation at the first day of the Abdulaziz bin Humaid Leadership Program

ORIGINAL POST: https://www.gulfcraftinc.com/blog/gulf-craft-officially-kicks-off-the-4th-alp-program

 

Gulf Craft’s Majesty 155 to Star at Cannes & Monaco Shows

Dubai, UAE – August 2016: Gulf Craft is preparing for a regal display at the Cannes Yachting Festival and the Monaco Yacht Show, with the European debut of its largest and most luxurious superyacht – the stunning 47-metre Majesty 155.

This marks the first-time the shpiyard brings its flagship superyacht to the region, with a spectacular showcase planned for the Cannes Yachting Festival and the Monaco Yacht Show.

Gulf Craft’s annual participation is emblematic of its increasing status among the global yacht-building community. The award-winning shipyard continues to amplify its global presence through product innovation and premium craftsmanship, offering both quality and value across its diverse and expanding portfolio of leisure craft.

“What we are seeing worldwide is a shift in the way that the world perceives yachting,” says Erwin Bamps, CEO of Gulf Craft. “It is no longer merely a form of transportation, but a lifestyle people aspire to, a destination within itself. The Majesty 155 is a reflection of our capacity as a builder to take the same lavish lifestyle people experience on land into the water by creating what is essentially a floating palace. This makes it a natural choice for these prominent yachting events, which attract both existing and prospective owners from around the world.”

Gulf Craft is also gearing up to make some industry-setting announcements at the Monaco Yacht Show, which is home to one of the most prestigious yachting events worldwide.

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GULF CRAFT WELCOMES GCC MARITIME REGULATORS TO AWARD-WINNING SUPERYACHT SHIPYARD

Dubai, UAE – 8 June 2016: Gulf Craft recently welcomed 10 maritime regulators from across the GCC to one of its award-winning shipyards in the Emirates.

Visitors were given a tour of the facility, and had an opportunity to witness the superyacht and yacht production process in action while meeting the skilled professionals behind the creation of the builder’s innovative vessels. They were also given the opportunity to meet with Gulf Craft’s Chairman, Mohammed Hussein Alshaali.

GCC-Regulator-visits-Gulf-Craft-shipyard-768x504

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“Innovate, But Don’t Compromise on Your Legacy”

“Innovate, But Don’t Compromise on Your Legacy,”  Gulf Craft CEO Advises Tomorrow’s UAE Business Leaders

Erwin Bamps

 Undergraduates at the American University of Sharjah given insights on the Secrets to Surviving a Competitive Business World

Striking a balance between innovation and ongoing customer support for legacy products is crucial to realizing success in a dynamic business environment, according to CEO of Emirates-based yacht and boat builder Gulf Craft.

Speaking to a group of undergraduate business students at the American University of Sharjah, Bamps warned that brands which do not consider legacy product compatibility as part of their research and development efforts risk losing value as more players are able to enter the marketplace offering same quality products at competitive prices.

“Business models purely based on innovation cycles, those that revolve around new product launches and denounce previous editions, are not sustainable in the long run,” said Bamps. “The consumer electronics industry is a prime example, where manufacturers are struggling to differentiate their products as parts become cheaper and sophisticated technology easier to acquire.”

“In the luxury sector, this challenge is amplified, because you’re talking about much larger investments and longer lifecycles. Therefore, not only are customers looking to use their products for an extended period of time, but retaining resale value is also of great importance.”

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Luxury Industry to Drive UAE as Global Knowledge-Sharing Hub

Dubai, 08 October 2015 – Luxury brands in the UAE play a valuable role in cementing the country’s growth as a knowledge-exchange hub globally and regionally, says Erwin Bamps, CEO of award-winning shipyard, Gulf Craft.

Speaking at the Meetings, Incentives, Conferences and Exhibitions (MICE) Middle East Forum 2015 on Wednesday (7 October) at The Address Dubai Marina organized by Pinnacle Middle East, Bamps said networking “forms the pillar” of MICE events, allowing brands to not only communicate information, but also share experiences.

Erwin Bamps, MICE ME Forum 2015 (5)

“Marketing yourself as a luxury brand is all about storytelling, and MICE events enable you to reach as wide an audience as possible in order to spread awareness about your company, and bond with customers,” Bamps said.

“However it is not only the high-end brands that benefit from this collaboration, but the MICE segment as a whole. It’s a win-win for both, the exhibitor and the hosting venue because the brand’s involvement helps generate business and raise the caliber of the event. MICE events bridge the gap between work and play – they offer an after-hours informal setting to connect with key stakeholders, and this provides the perfect platform for luxury brands to showcase their products.”

MICE Middle East Forum 2015 theme

A recent report from Bloomberg this year stated that the GCC MICE segment is currently worth USD 1.3 billion and is one of the strongest drivers of growth in the hospitality sector. The UAE accounts for half that amount, generating about USD 653 million annually, according to Euromonitor International.

With a rich history showcasing its range of yachts and leisure boats internationally and in the region, Gulf Craft has a proven track record of making memorable impressions at the world’s most acclaimed yachting and leisure boating events, including the most recent Monaco Yacht Show and the Dubai International Boat Show.

Read more: http://blog.gulfcraftinc.com/luxury-industry-to-drive-uae-as-global-knowledge-sharing-hub

Awareness and Regulatory Reform Essential to Promoting GCC as Yachting Destination

Dubai, 14 October 2015 – The Middle East’s dynamic economy, growing affluent population, and flourishing waterfront developments make it a promising yachting destination, but Chief Executive of UAE-based shipyard Gulf Craft, Erwin Bamps, says more needs to be done to attract sea travelers to GCC waters.

The Middle East is home to the world’s fastest growing Ultra High Net Worth (UHNW) population and wealth, according to the 2014 World Ultra Wealth Report by Wealth-X and UBS. Both have increased by approximately 13 per cent year-on-year, nearly two times the global average, with a total combined wealth of more than USD 995 billion. The same report shows that the region’s UHNW population is expected to grow by approximately 30 per cent between 2014 and 2019 – from an ultra wealthy population of 5,975 to nearly 8,000.

Erwin Bamps, CEO of Gulf Craft

Speaking at the recent MARE Forum Monaco Yacht Summit in Monte Carlo, Bamps said the Middle East’s favorable economic environment presents great opportunity for the leisure marine industry.

“Not only is the region growing considerably in terms of collective wealth, but reports show this wealth is diversified, signifying a healthy economy and mitigating any risks associated with the rise and fall of oil prices,” Bamps said.

“More than one-fifth of UHNW wealth in the UAE comes from various industrial entities, reflecting the confidence that both investors and private companies have in the economy.”

Read more: http://blog.gulfcraftinc.com/awareness-and-regulatory-reform-to-promoting-gcc-yachting-destination