Anything but plain sailing at boat show



ABU DHABI // A Dh47 million luxury yacht and a 12.5-metre powerboat decorated with electric-blue flames were among more than 200 yachts and boats on display at the Emirates Boat Show yesterday. The five-day show, which opened at the Abu Dhabi International Marine Sports Club, features a range of million-dollar yachts, sailing dinghies, high-speed boats and catamarans from more than 150 international exhibitors. It was organised by the club and Knotika Holding.

Wael Juju, chief executive of Knotika Holding, said: "This event has positioned Abu Dhabi on the world's map as the master town for the marine business." Also on display is new recreational equipment, including power skis and fishing and diving equipment. Most exhibitors dismissed claims that the global economic crisis will have a big effect on the leisure marine industry. "We concentrate on the high-end market and nobody is selling their luxury car," said Dr Rainer Behne, managing partner of Rodriguez Group Middle East, one of the world's leading luxury yacht makers. "The same goes for boats."

The exhibition is open from 4-10pm until Saturday. jau@thenational.ae

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Name: Raha
Started: 2022
Based: Kuwait/Saudi
Industry: Tech Logistics
Funding: $14 million
Investors: Soor Capital, eWTP Arabia Capital, Aujan Enterprises, Nox Management, Cedar Mundi Ventures
Number of employees: 166

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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All matches start at 2pm UAE time and will be broadcast on icc.tv

UAE fixtures

Wednesday, Aug 10 – Scotland v UAE
Thursday, Aug 11 - UAE v United States
Saturday, Aug 14 – Scotland v UAE
Monday, Aug 15 – UAE v United States

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, Vriitya Aravind, CP Rizwan, Basil Hameed, Rohan Mustafa, Zawar Farid, Kashif Daud, Karthik Meiyappan, Zahoor Khan, Junaid Siddique, Sabir Ali, Alishan Sharafu

Table (top three teams advance directly to the 2023 World Cup Qualifier)

1. Oman 36 21 13 1 1 44
2. Scotland 24 16 6 0 2 34
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