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Boat show targets rich Qataris

Thursday, November 13, 2014 - 01:39

The second edition of Qatar's international boat show is in full swing at Doha's luxury Lusail Marina, showcasing high end yachts and water sporting equipment. Hayley Platt reports on a doubling of interest from boatbuilders worldwide.

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Together they're worth almost $150 million - and there's a good chance quite a few will be sold. Sixty of the world's most impressive yachts are being showcased at this year's Qatar International Boat Show. Demand, says organiser Faysal Mikati, is high. (SOUNDBITE) (Arabic) VICE PRESIDENT OF THE QIBS' ORGANIZERS, SNOW COMMS, FAYSAL MIKATI, SAYING: "After the success of the first show, cooperation between international and local companies has grown. This has increased the number of boats and yachts in Qatar this year which is a proof of its success." The show is taking place in the coastal city of Lusail, north of the capital Doha. By 2018 it will be the location of 4,000 residential units and a golf course. It's just one of several luxury seafront developments being built along Qatar's coastline. Fasial Al Odwan is from the Mannai Marine company. (SOUNDBITE) (Arabic) GENERAL MANAGER OF MANNAI MARINE COMPANY, FASIAL AL ODWAN, SAYING: "We target any client who likes handmade, traditional design with modern interiors. We had a good response from owners of yachts of international brands, but who desire the handmade wooden shape that's not easy to find." Around 90 boat builders are at the show, twice as many as last year. Michael Newton-Woof from Ventura travelled from the UK. (SOUNDBITE) (English) GENERAL MANAGER OF VENTURA UK, MICHAEL NEWTON-WOOF, SAYING: "We consider there are a lot of opportunities, specifically here in Doha with all the new marina developments, the aspirational wealth of the Qataris for the western market." Qatar is rich in oil and has the world's third largest natural gas reserves. It's also home to some of the world's wealthiest individuals - something exhibitors here are hoping to tap into.

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Boat show targets rich Qataris

Thursday, November 13, 2014 - 01:39