Gulf Craft Inc. to launch new luxury vessels at the Dubai International Boat Show

This significant move is aimed at consolidating the company's position as the leading luxury yacht and boat manufacturer in the region.

On the occasion of the Dubai International Boat Show held from March 19-22 at the Dubai Creek Golf and Yacht Club, Gulf Craft Inc. is also launching its new sports cruiser, the Ambassador 25, and an innovative sport fishing vessel titled the Walkaround 40.

"The evolution of Gulf Craft Inc. into a world-class manufacturer of yachts and luxury vessels reflects the commitment and dedication of the company to the luxury yacht and boat industry," said Mohammed bin Hussein Al Shaali, Chairman, Gulf Craft Inc. "Our vision to emerge as a supplier of top-class marine vessels to local and international customers has been translated into a reality today. We have grown into a 300-employee company, expanded our operations to two factories in the UAE, opened a third factory in Maldives and consolidated our network of distributors to include 40 points of sales in 30 countries. The Dubai International Boat Show is an appropriate platform for us to showcase our products and unveil our future plans."

"The commemoration of our 20th anniversary this year has been a milestone for us. We would also like to take this opportunity to announce our ambitious plans to build the Majesty 125, which is a luxurious and technologically advanced super yacht," added Al Shaali. "Epitomizing high technology and sophistication, the Majesty 125 will cater to the different demands of top-end customers. It also marks a new stage in the development of Gulf Craft Inc. and will crown our efforts of the past two decades in the creation of distinctive marine vessels."

Dubai World Trade Centre Director General, Mubarak bin Fahad said, "We are delighted that many local, regional and international companies are using the Dubai International Boat Show as a launch pad to introduce new crafts to the market and Gulf Craft is leading the way locally, with their sports Cruiser, the Ambassador 25 and an innovative sport fishing vessel called the Walkaround 40. Dubai offers some of the best boating facilities in the world and a rapidly growing network of marinas in turn help attract an increasing number of exhibitors to participate in our show," he added.

Dr. Mohammed Hamdan, Partner of Gulf Craft Inc., said: "Twenty years in the boat building business has placed Gulf Craft Inc. at the forefront of the industry, catering to select clients who demand the highest international standards in the vessels they order. The Dubai International Boat Show presents us with an opportunity to showcase our wide range of luxury boats and yachts. This year, as we celebrate our 20th anniversary, we are presenting two of our finest models, crafted with discerning buyers in mind, offering the highest levels of comfort, elegance and safety."

Erwin Bamps, Executive Manager, Gulf Craft Inc., said: "Gulf Craft Inc. has emerged as the undisputed leader in manufacturing luxurious and technologically superior boats and yachts. Maintaining that leadership role, we are proud to launch our two new models at the Dubai International Boat Show. The Ambassador 25 sports cruiser is built to international specifications, incorporating several high quality features, which offer real value for money. The top-of-the-range features are complemented by a three-year warranty against manufacturing defects."

"The Walkaround 40 represents a floating luxury guest-house with features like a saloon and a galley, master state room, guest cabin, A/C system, navigation equipments and life raft," said Erwin Bamps. "State of the art technology and a high-quality interior finish make the Walkabout 40 an excellent choice for lovers of multi-functional luxury boats, allowing to use it as a weekender, a cruiser and a fishing boat" he added.

The unveiling of the construction plans of the unprecedented luxury yacht Majesty 125 highlights the renowned design talents of Frank Mulder and Sam Sorgiovanni. The Majesty series of yachts incorporates high-power engines and state of the art navigation systems and will be constructed under strict classification supervision. With construction work already initiated, the innovative and elegant Majesty 125 will be launched in 2005.

In addition, Gulf Craft Inc. will also showcase its entire range of superior boats and yachts at the region's premier boat show.