Instinct Marine is launching this 36-foot sport fishing boat, the Instinct 360, which was built in the UAE and designed for the GCC market. Delores Johnson / The National
Instinct Marine is launching this 36-foot sport fishing boat, the Instinct 360, which was built in the UAE and designed for the GCC market. Delores Johnson / The National

Gulf Craft to add two new boatyards in the UAE



Gulf Craft, the region’s biggest boat builder, plans to add two new boatyards in the UAE over the next two years as projects such as Dubai’s vast new canal boosts demand.

That would increase its presence to six yards in the country.

It launched four new yachts including two super yachts at this week’s Dubai International Boat Show.

While many retailers found 2015 a challenging year, hurt by the strong dollar and a falling oil price, Gulf Craft recorded a 5 per cent increase in revenue growth.

“While we didn’t sell as many boats in 2015, we sold bigger boats, so our revenues grew,” said Erwin Bamps, chief executive at Gulf Craft. “We saw a changing economic climate as the mid-range boats showed a fall in sales but the smaller and bigger boats both saw growth. We saw people looking for value for money but the top end is now really pushing our bottom line. With the opening of the Dubai Canal we see growth for boat yards in the country.”

Among the many international boat builders at the show Instinct Marine will launch a 36-foot sport fishing boat, the Instinct 360.

It is the first craft to be designed and launched by Instinct Marine, the brainchild of Essam Al Tamimi - the high profile lawyer and chairman of Al Tamimi Investments (ATI) a Dubai-based holding company with investments in sectors that include healthcare, education and retail.

The initial production facility in Dubai’s Jadaf area will have the capacity to build 10-12 boats a year with a 42-foot boat to be launched next year with the same production capacity.

The Instinct 360 comes with an entry price of Dh580,000.

It is designed for the Gulf waters which, with a shallower depth to most fishing waters, has different wave patterns and offers a more stable experience. The senior designer for Lamborghini was brought in to give the craft a stylish finish. The boat can fit up to four 350 horse power engines and in its first sea test reached 65 miles per hour, a significant milestone slightly below the coast guard’s maximum speed.

“The biggest demand in the region is for sport fishing boats and yachts,” said Christos Karyofyllis, general manager of Instinct Marine. “The biggest market in the Gulf is Kuwait. The size of the market in this region is very hard to quantify, our chairman has a passion for sports fishing which has been the real impetus behind the boat. We have already sold one and it will be on the water by mid April.”

ascott@thenational.ae

Follow The National's Business section on Twitter

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September

Specs

Power train: 4.0-litre twin-turbo V8 and synchronous electric motor
Max power: 800hp
Max torque: 950Nm
Transmission: Eight-speed auto
Battery: 25.7kWh lithium-ion
0-100km/h: 3.4sec
0-200km/h: 11.4sec
Top speed: 312km/h
Max electric-only range: 60km (claimed)
On sale: Q3
Price: From Dh1.2m (estimate)

Sour Grapes

Author: Zakaria Tamer
Publisher: Syracuse University Press
Pages: 176

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Bridgerton season three - part one

Directors: Various

Starring: Nicola Coughlan, Luke Newton, Jonathan Bailey

Rating: 3/5

Martin Sabbagh profile

Job: CEO JCDecaux Middle East

In the role: Since January 2015

Lives: In the UAE

Background: M&A, investment banking

Studied: Corporate finance

UAE currency: the story behind the money in your pockets
The specs

Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022

ANDROID VERSION NAMES, IN ORDER

Android Alpha

Android Beta

Android Cupcake

Android Donut

Android Eclair

Android Froyo

Android Gingerbread

Android Honeycomb

Android Ice Cream Sandwich

Android Jelly Bean

Android KitKat

Android Lollipop

Android Marshmallow

Android Nougat

Android Oreo

Android Pie

Android 10 (Quince Tart*)

Android 11 (Red Velvet Cake*)

Android 12 (Snow Cone*)

Android 13 (Tiramisu*)

Android 14 (Upside Down Cake*)

Android 15 (Vanilla Ice Cream*)

* internal codenames

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

The Africa Institute 101

Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction. 

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★