General Travel News

Leisure marine market in Dubai on the road to recovery

After struggling to stay afloat during the global financial crunch last year, the leisure marine market in Dubai seems to be recovering slowly, it was learnt. Never before has the marine market had cancellations of orders for yachts, a key feature during the recession last year that affected the entire industry. However, interest in yachts has picked up since January this year. “The mid-segment, which was hit globally, is now recovering. We have seen a lot of interest since January this year,” said Christopher Behne, Managing Partner of BehenMar, one of the exhibitors at the Dubai International Boat Show (DIBS) slated to kick off on March 9.
Erwin Bamps, CEO of Gulf Craft, concurred: “Last year, even those with money were being very tight-fisted because of the uncertainty and insecurity brought on by the recession. However, a year down the line, people more or less know where the market is going, where the economy of their country is going, and how their company is doing.”
In this regard, the International Boat Show is an encouraging sign, added Bamps, since it shows that people are willing to invest in the marine market once again. This year’s show is going to be the 18th of its kind and attracts buyers and exhibitors from all over the world. “Dibs attracts people from as far as the US, India, Russia, Germany and Austria. Of course there is a strong regional representation with people coming in from Kuwait and Qatar. This is because, DIBS is more diversified as it caters to a larger audience in the leisure marine business,” said Bamps. 
 

More General Travel News
Agoda partners with Saudi Ministry of Hajj to try to attract 30 million pilgrims
UAE carriers join hands to celebrate the legacy of Sheikh Zayed on 47th National Day
Discover the making of a Royal Bisht - gold embroidered Arab cloak
Latest Travel News
UAE carriers join hands to celebrate the...
New Istanbul airport starts operations...
Discover the making of a Royal Bisht - g...
Featured Sights To See
Thong Nhat Park

Thong Nhat Park

Hanoi, Vietnam

Now called Reunification Park, Lenin Park or Thong Nhat Park, is a beautiful seven hectare park built around a lake. The Lenin Monument can be found on the western side of the park and every morning it fills up with joggers while it is popular in the evenings with couples who often throng the shores of the lake. ...

Phnom Tamao Zoo

Phnom Tamao Zoo

Phnom Penh, Cambodia

This is the best place to visit with kids. Though it’s located on a 30 kilometers distance from the main city, but your kids will have a great time there while observing the rehabilitation and conservation of animals. Feeding the dear, ducks and fishes would be delight for thrm. Whereas seeing monkeys jump and roll would surely give them a fir of laughter.                    {loadposition ...

Murabba Palace (Qasr al-Murabba)

Murabba Palace (Qasr al-Murabba)

Riyadh, Saudi Arabia

Murabba Palace (Qasr al-Murabba), (next to National Museum). (6-9 PM Sun-Fri). This is Riyadh's second old mud-brick palace, built by King Abdul Aziz after he conquered Masmak Fortress because he wanted a more strategically powerful fort. This two-story structure does have an intimidating look and feel to it, but permits are no longer needed to venture inside, where you can find interesting items ...

Al-Thumairi Gate

Al-Thumairi Gate

Riyadh, Saudi Arabia

This is an impressive restoration of one of the nine city gates that led into the city until its walls were torn down in 1950. It is a quaint reminder of the city’s past.  ...