Gulf Craft’s CEO said the Dubai Water Canal, when it opens, will boost the yachting and boating industry in th (Image Credit: Gulf Craft)

Gulf Craft focuses on expansion as it builds megayachts

The Ajman based company has an annual turnover of $100m

Abu Dhabi: Gulf Craft, the Ajman headquartered manufacturer of leisure boats and luxury yachts, is planning to expand its shipyard in Umm Al Quwain and build another one in Ajman, the Chief Executive Officer of the company told Gulf News.

The expansion of the Umm Al Quwain is meant to allow the company to build megayachts, which are longer than 50 metres, Erwin Bamps said. He did not provide total investment involved in the expansion of the shipyard.

“We will be adding new areas to expand the size of the Umm Al Quwain shipyard by 20 per cent to build mega yachts of more than 50 metres in size,” said Bamps.

“We are also planning to build...