IGY enjoys a successful Kuwait Boat Show International 2007

The organisation, which has been chosen to build landmark marinas on The Palm and The World developments in Dubai, felt that their presence was crucial at the high-profile yachting and marine industry exhibition.

"Kuwait is a country with a large economy and a substantial high net worth individual ratio. However, apart from the financial rationale, Kuwait is a very attractive market in the Gulf for us, as there is a huge amount of potential for marina development with a high number of yacht owners. We believe that IGY can help stimulate the Kuwaiti marina and yachting market by demonstrating the positive effect our complete waterfront developments can have on a country's leisure and tourism industry," explained Ralf Heron, CEO, IGY.

IGY's success is based on its utilisation of design, engineering, management and marketing expertise to benefit waterfronts around the world. Based on the organisation's ability to raise marina standards to five-star style levels of quality, with a management team that has participated in the operation and development of over 300 marinas in four different continents, IGY has been appointed as the exclusive designer, developer and manager for all of Nakheel's marina properties.

Such success means that participation in exhibitions, like the Kuwait Boat Show International 2007, are crucial in order to expose the potential that the Middle East has in terms of a flourishing marina industry. Indeed, the aim is to make the region the third yachting destination in the world alongside the Caribbean and the Mediterranean, hence Kuwait becoming another ideal platform.

The Kuwait Boat Show International 2007, which runs from 21 to 25 April in Al-Koot Marina, is an opportunity to present the potential for the marina industry in the country. With 23,000 registered leisure boats and a highly reliable yacht financing structure, Kuwait's waterfronts offer a tremendous opportunity to yacht owners across the GCC and further afield. With its safe waterways and border with Saudi Arabia, Kuwait also gives developers and yachting companies the chance to expand the industry in the region.