The nautical market in the UAE is estimated at 1.2Bn EUR and has seen a steady average annual growth of 6% since 2018. While sailing represents only 8% of this market, French know-how is highly recognized, as LAGOON-Bénéteau owns 56% of the market.
With this growh, comes the development of ports and marinas (more than 50 along a 1,318km coast). Here too opportunities for French companies are rife to equip, develop, and secure these ports.
Besides the local competition (Gulf Craft, Al Rubban Marine, Ocean Boats, IMG Boats), American (Regal, Monterey, Sea Ray) and Italian (Benetti, Ferretti) companies are very present. German and Dutch brands are more specialized in super yachts.
The question of water desalinization is growing in the UAE as a necessity to face an increasingly hostile environment due to climate change.
Over the course of 2021-2022, the Pôle will support 11 European SMEs in their development in the UAE, within the scope of the SPACE2WAVES project.