UAE-based Gulf Craft, a leading yacht and boat builder, said its flagship superyacht, the Majesty 155, recently impressed guests on the first day of the Cannes Yachting Festival, being held in France.

The event kicked off on September 6 and will conclude on September 11, and is being held at the Vieux Port.

Set against the stunning backdrop of the French Riviera, Gulf Craft’s exceptional showcase marks its European debut of the Majesty 155, which is not only the shipyard’s largest superyacht to date, but also the largest on display at the Cannes event, said a statement from the company.

Also standing in all its glory beside the Majesty 155 is Gulf Craft’s newest tri-deck masterpiece, the Majesty 110, yet another European debut that offers owners three-decks of copious, semi-customisable space, it said.

The Cannes Yachting Festival welcomes approximately 50,000 visitors every year and is considered Europe’s premier in-water boating event, with nearly 600 boats on display in their native setting, it added.

Erwin Bamps, CEO of Gulf Craft, said: “According to the latest Wealth Report by Knight Frank, Europe is home to the second largest population of ultra-high net worth Individuals, with a collective wealth of approximately $4.6 trillion. And as the world rebounds from economic hardship, smart buyers are recognising that now is the time to invest.”

“Europeans have always been intrigued by the idea of venturing out to sea. However, today, ‘value’ has become the mantra of the market – customers want to know if you can give them more for their investment,” he said.

“A shipyard’s credibility in the eyes of a prospective owner no longer relies solely on the builder’s positive track record, but also on its ability to deliver value for money. I believe our commitment to do this without compromising on quality, and while simultaneously creating bespoke experiences for our customers, is what drives our business to succeed in the most difficult of times. It is also what propels our achievements during economic prosperity,” he added.

Earlier this year, the Majesty 155 won the coveted CEDIA Award for ‘Best Yacht Installation’, signifying Gulf Craft’s capacity to deploy the best that entertainment technology has to offer across the largest of its craft. The shipyard also received a second order of the Majesty 155, which it is aiming to deliver by next year, it stated. – TradeArabia News Service