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Sunday, November 22 - 2009

Gulf Craft announces the appointment of new CEO

  • United Arab Emirates: Monday, October 12 - 2009 at 15:04
  • PRESS RELEASE

Gulf Craft has announced the appointment of Nasser Alshaali as Chief Executive Officer of Gulf Craft Inc. LLC, the region's largest and internationally renowned fiberglass (FRP) boat manufacturer.

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  • Nasser Alshaali.
    Nasser Alshaali.
Nasser Alshaali was previously with the Dubai International Financial Centre, where he served as CEO.

Welcoming his appointment, His Excellency Mr. Mohammed Bin Hussein Alshaali, Chairman of Gulf Craft, stated: "Nasser comes to us with a wealth of knowledge and expertise in management and planning. His addition to the team will enrich Gulf Craft and further enable its development into a truly international company."

Mr. Nasser Alshaali said:

"I am honoured and excited to join Gulf Craft, an indigenous company that has developed into a successful Middle Eastern brand competing on a global scale. This is a tough time for all industries including high end luxury products and I look forward to embracing this challenge."


In his role as CEO of the DIFC Authority, Nasser Alshaali was charged with developing and promoting the financial services industry. Prior to that, Mr. Alshaali held the position of Chief Operating Officer at the DIFX, where he helped launch the region's only international exchange, and the world's largest Sukuk (Islamic bond) exchange.

Mr. Alshaali has also held roles with the Technology and Media Free Zone (TECOM) and with The Executive Office of the Government of Dubai in fields spanning energy, telecoms, ICT, education, broadcast and print media.

Nasser Alshaali received a BA in Philosophy and International Relations, with an ancillary specialization in Communication Technologies, from the American University, Washington DC, in 1998.

Mr. Alshaali also serves on the boards of Dubai Financial Market (DFM), The Consulting Office (Government of Dubai), The Social Responsibility Fund (Government of the UAE), Dubai Statistics Centre, the Advisory board of the School of Business and Economics, Emirates National University, member of the World Economic Forum's Global Agenda Council on Financial Market Development, and member of the International Institute of Finance's Special Committee on effective Regulation.
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About Gulf Craft:
Gulf Craft Inc, based in the United Arab Emirates, exports more than 70% of its output and its leisure craft and super-luxury yachts are to be found in virtually every major harbour of the world.

The company's flagship Majesty Yachts brand combines style and elegance with high-technology to create the epitome of truly royal cruising. These elegant thoroughbreds of the sea spare neither expense nor effort to set the definitive 'state of the art' standard for ocean-going luxury.

The Majesty Yachts series begins with a 44-footer, through a series of size options up to the Majesty 135. Gulf Craft has witnessed a significant increase in demand for its super-yachts and the company's ability to keep up with demand has helped to firmly establish it as a major player in the highly competitive super-yacht segment.

The company also produces the Silvercraft series of family and smaller leisure craft, a wide and diverse range of smaller family and fishing boats that have been the product range at the origin of Gulf Craft's fiberglass boatbuilding heritage.

In 2005, it introduced the Oryx sport cruisers - the sea-borne equivalent of an elite sports car - that became an instant hit within weeks of launching at the Dubai International Boat Show. Now the Oryx has evolved into a family of high-performance sport yachts and cruisers of different sizes that are exported worldwide. In 2009 Gulf Craft launched the Oryx 54 fly-bridge luxury sports yacht, taking the already hugely popular Oryx range to another level and cemented its popularity among sport boat enthusiasts.

Today, Gulf Craft ranks as one of the world leading manufacturers and exporters of fiberglass leisure craft, one of a handful of boat-builders in the world with the capacity and the capability to produce yachts of more than 100 feet in overall length. With thousands of its vessels cruising international waters, its products are highly respected in the global yacht-building industry.

For further details contact:

d'pr
Ghina Chaaban
Telephone: +971 (0)4 323 3668

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