Record interest in Dubai Boat Show points to international confidence in emirate

24/02/2011 - Dubai Investment News http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2011/February/business_February406.x
Record interest in Dubai Boat Show points to international confidence in emirate

Record-breaking interest in the Dubai International Boat Show is being taken as a sure sign that international investors still view the emirate as a good place to make ? and spend – their money.

With the world-famous event set to open at the start of March, organisers have confirmed that some 750 firms will set up their stalls in Dubai, with 41 yachts to be premiered over five days.

This represents a 20 per cent increase on the number of exhibitors attending in 2010, helping further cement the event as one of the world's top five boat shows and signalling that international confidence in Dubai is as strong as ever.

Commenting on the importance of the show, Helal Almarri, chief executive of organisers Dubai World Trade Centre, explained to the Khaleej Times that it serves as an indicator of likely spending in a range of leisure sectors, including hospitality and holiday property.

"It is both the catalyst for the Middle East leisure marine industry and the focal point of the worldwide boating industry, stimulating demand and encouraging trade between the hundreds of international companies that recognise its importance and success," he said.

Now in its 19th year, the upcoming International Boat Show will be held on the Dubai waterfront, just a short distance from the Palm Jumeirah.

Posted by Bob Brunskill