The boat and yacht building industry is rapidly becoming one of these areas where there is a favorable expected demand even with the expected market shrinking.
As the Boat building market in UAE is mainly deals with the yachts, super yachts, luxurious cruise it would be difficult to commence production and supply the amount of expertise innovative high-tech and luxurious yachts, super yachts which would be compatible to withstand and cope up with the leading local (Emirati) and global companies which produce spare parts and other relevant electronic and sonar devices etc.Download Full Report
Kuwait imported USD 328,687,000 worth ships, boats and floating structures in 2015. Considering Kuwait’s sea culture this is a promising sector for Sri Lankan exporters. Most people in Kuwait own a vessel for their personal entertaining purposes apart from fishing and other commercial activities.Download Full Report
The Nigerian coastline spans about 1,000 km, with over 10,000 km of nationwide interlocked rivers, creeks, lagoons and lakes that extend to Cameroon and Benin Republic. There is an increasing demand for coastal and inland marine vessels with growing interest and investment by government and private operators. The local boat building industry of Glass Reinforced Plastic/Fiber-glass as well as Metal/Composite vessels are dominated by a few players. Imported vessels of these categories are mostly of American and European origin (contributing to the larger market share) and more recently from the Middle East- Dubai for luxury versions.Download Full Report