A luxury yacht company from Poland will soon open a ship building yard in Ras Al Khaimah.
Sunreef Yachts is set to open its first overseas centre in the UAE to cater to rising demand from the Middle East and Asia.
The company counts tennis star Rafael Nadal and Formula One champions Fernando Alonso and Nico Rosberg as clients.
“UAE and Dubai are great because this is a rising market,” Francis Lapp, president and founder of Sunreef Yachts, told The National in an interview in Gdansk, Poland at the company headquarters.
It is a Dh100 million investment. We will start with 50 people and in two, three years maybe we move up to 600 or 800 people
Francis Lapp,
Sunreef Yachts
“In Ras Al Khaimah we will make the same luxury catamarans that we make here in Gdansk.
“It is a Dh100 million [$27.2m] investment. We will start with 50 people and in two, three years maybe we move up to 600 or 800 people.”
The company has a centre in the northern Polish port city with more than 1,000 employees for in-house design and production of the sleek yachts.
At its workshops on the Baltic Sea coast, compact 50-foot to transatlantic 140-foot twin-hull catamarans are tailor-made for each client.
Links to big buyers
Mr Lapp said while other European ship makers have often based their second facility in Turkey, he saw better opportunities in the UAE.
“I believe it will be a very strong market to reach Australia, the Oceanic region, the Middle East and countries like India and China also,” he said.
“Also, I know the people in Ras Al Khaimah, it’s a good place.”
Poland accounts for more than half of the European Union’s yacht exports, according to European Union 2021 data.
The country is the world’s eighth-largest exporter of yachts and produces about 22,000 motor, sailing and luxury vessels, of which 95 per cent are exported.
Big buyers of Polish yachts are in Europe, Turkey, Russia, Canada, Australia, China, Japan, Thailand and the Middle East.
Sunreef has offices in Gdansk, Dubai and Miami and specialises in twinhull catamarans that enthusiasts say offer more stability and larger living space than traditional yachts.
Floating villas
Billed as luxurious holiday ‘floating villas', the sleek models feature polished walnut wood, natural oak interiors with muted rose gold and brass finishing, gleaming granite counter tops in expansive kitchen and dining areas.
The yachts are fitted with en suite cabins, walk-in wardrobes, large windows in fully equipped gyms for ocean-view workouts, sun decks, a spa pool and lounge areas that double as outdoor cinema space.
Jet skis are stored in garage cubicles in larger yachts, while hydraulic platforms can be lowered to create a walkway and have a beach club setting for deep sea entertainment.
The RAK shipbuilding yard is part of the company’s expansion plans to cope with increased orders and a growing appetite for luxury travel.
There has been a surge in sales of superyachts during the Covid-19 pandemic, with the wealthy purchasing boats to avoid travel restrictions.
The trend is expected to continue with an increased demand for exclusive locations away from the crowded holiday destinations in the post-Covid travel boom.
Superyachts are defined as boats longer than 24 metres or 78 feet that typically need a crew and have price tags that start from $2 million, rising to well over $20 million.
Sales of luxury vessels rose more than 8 per cent in the first nine months of 2021 from the same period pre-pandemic in 2019, according to Superyacht Group, an industry publication.
Eco catamarans
At the Gdansk yard, engineers and workers were busy readying fully customised vessels.
“We inject superyacht quality into multihull architecture,” Mr Lapp said.
“We are so excited about renewable energy, green tech in our design. It’s a new journey on ultra-modern solar catamarans.”
Twice F1 champion Alonso was in Dubai recently for the sailing of Sunreef’s latest release.
The all-electric yacht promises quiet, fuel-free cruising and integrates ultralight solar panels in the entire body across the hull, mast and roof.
Propulsion is 100 per cent electric and when using the sail, the vessel generates power from the motion of propellers.
Alonso has commissioned his first yacht from Sunreef — an eco-electric catamaran that he wanted to combine green technology, lifestyle and comfort.
“I really wanted to build a catamaran because I wanted to enjoy more space and all the other advantages that multihull bring,” he said in a statement.
“My vision was a luxury craft of the highest quality.
"This will be my first yacht. I want the yacht to always be ready to go. Sometimes I will go out into the sea spontaneously so I want to make sure the yacht is reliable."
Two years ago, tennis star Nadal and his wife were closely involved in the look of the multi-hull 80-foot yacht designed for long cruises that he ordered for his 38th birthday.
He struck off add-ons such as an outdoor Jacuzzi for wider, open spaces and chose subdued grey and beige tones for the interior.
Named Great White, the yacht helped him unwind with family during breaks from his tough training regime.
“As someone from an island as I am, the sea is part of our lives,” he said in a statement at the time.
"I wanted to feel like in my own house."
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Uefa Champions League last 16 draw
Juventus v Tottenham Hotspur
Basel v Manchester City
Sevilla v Manchester United
Porto v Liverpool
Real Madrid v Paris Saint-Germain
Shakhtar Donetsk v Roma
Chelsea v Barcelona
Bayern Munich v Besiktas
START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
%3Cp%3E%3Cstrong%3ESaudi%20Arabia%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJoy%3A%3C%2Fstrong%3E%20Delivers%20car%20services%20with%20affordable%20prices%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKaraz%3A%3C%2Fstrong%3E%20Helps%20diabetics%20with%20gamification%2C%20IoT%20and%20real-time%20data%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMedicarri%3A%3C%2Fstrong%3E%20Medical%20marketplace%20that%20connects%20clinics%20with%20suppliers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMod5r%3C%2Fstrong%3E%3A%20Makes%20automated%20and%20recurring%20investments%20to%20grow%20wealth%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStuck%3A%3C%2Fstrong%3E%20Live%2C%20on-demand%20language%20support%20to%20boost%20writing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWalzay%3A%3C%2Fstrong%3E%20Helps%20in%20recruitment%20while%20reducing%20hiring%20time%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEighty6%3A%20%3C%2Fstrong%3EMarketplace%20for%20restaurant%20and%20supplier%20procurements%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFarmUnboxed%3A%20%3C%2Fstrong%3EHelps%20digitise%20international%20food%20supply%20chain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENutriCal%3A%3C%2Fstrong%3E%20Helps%20F%26amp%3BB%20businesses%20and%20governments%20with%20nutritional%20analysis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWellxai%3A%3C%2Fstrong%3E%20Provides%20insurance%20that%20enables%20and%20rewards%20user%20habits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgypt%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAmwal%3A%3C%2Fstrong%3E%20A%20Shariah-compliant%20crowd-lending%20platform%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDeben%3A%3C%2Fstrong%3E%20Helps%20CFOs%20manage%20cash%20efficiently%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgab%3A%3C%2Fstrong%3E%20Connects%20media%20outlets%20to%20journalists%20in%20hard-to-reach%20areas%20for%20exclusives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENeqabty%3A%3C%2Fstrong%3E%20Digitises%20financial%20and%20medical%20services%20of%20labour%20unions%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOman%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMonak%3A%3C%2Fstrong%3E%20Provides%20financial%20inclusion%20and%20life%20services%20to%20migrants%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYango%20Deli%20Tech%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2022%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ERetail%20SaaS%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ESelf%20funded%0D%3Cbr%3E%3C%2Fp%3E%0A
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
MATCH INFO
Tottenham Hotspur 0 Everton 1 (Calvert-Lewin 55')
Man of the Match Allan (Everton)
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
More from Neighbourhood Watch:
KEY DEVELOPMENTS IN MARITIME DISPUTE
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A