{
  "id": 19874626,
  "title": "Qatar’s boat, yacht market records up to 25% growth this year",
  "url": "https://urgent.news/2026/11/13/qatars-boat-yacht-market-records-up-to-25-growth-this-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T21:00:00.000Z",
  "source": {
    "name": "Gulf Times",
    "slug": "gulf-times",
    "url": "https://www.gulf-times.com/article/738146/qatar/qatars-boat-yacht-market-records-up-to-25-growth-this-year"
  },
  "original_language": "en",
  "account": "The Qatar boat and yacht market experienced a remarkable growth surge of up to 25% in 2026, driven by heightened interest in marine activities, a widening customer base, and the ongoing expansion of the local marine manufacturing sector. During the recent Qatar Boat Show held at Old Doha Port, industry leaders emphasized the sector's robust performance, highlighting the event's role in launching new products, securing commercial deals, and promoting Qatari companies on both regional and international stages. With 31,000 visitors over four days, all tickets sold out, the show showcased 546 brands from 14 countries across an exhibition space of 277,000 square meters. Participation from Gulf nations rose by 30%, while Qatar-based exhibitors made up 55% of the total attendees, compared to 45% from international exhibitors. Moreover, 70% of participants renewed their involvement in the event, underscoring its increasing commercial importance. Abdulaziz al-Haram, general manager of a prominent boat factory, noted that the exhibition provided a crucial platform to demonstrate the advancement of Qatar's domestic marine manufacturing industry and to showcase the capabilities of local manufacturers alongside regional and international competitors. The factory witnessed a sales increase of over 25% in 2026 compared to the prior year, with products available domestically and exported to markets across the Gulf, Africa, and Asia. Al-Haram announced that the firm has secured an agreement to represent Qatari manufacturers in the Maldives, opening new avenues for international expansion. The factory, with 22 years of experience in boat and yacht manufacturing, recently introduced a 62-foot yacht featuring a 16-foot beam and outboard engines, priced between QR10,000 and QR3.5mn based on specifications, equipment, and customer needs. Louay al-Sheikh, sales manager at a yacht company, reported a demand growth of 15% to 25% in 2026 compared to the previous year, fueled by increasing interest in marine activities and an expanding buyer pool. The company offers services beyond sales, including maintenance, repairs, after-sales support, brokerage of pre-owned yachts, and yacht management. Prices for smaller sports boats start at approximately QR1mn, while larger Majesty and Nomad yachts begin at around QR6mn, with high-end yachts measuring around 175 feet reaching prices of QR80mn to QR90mn depending on specifications and equipment. The third edition of the Qatar Boat Show further underscored the burgeoning strength of Qatar's marine industry, highlighted by enhanced Gulf participation, new product introductions, and strategic agreements geared towards opening international markets for domestic manufacturers. The event's strong public turnout and a fully sold-out ticket allocation underscored the growing enthusiasm for boats, yachts, and marine-related pursuits.",
  "summary": "Qatar’s boat and yacht market saw demand and sales grow by up to 25% in 2026 compared with the previous year, driven by rising interest in marine activities, an expanding customer base, and continued ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}