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PUBLISHED 25 May 2023

Mohammed Hussein Alshaali, Chairman of Gulf Craft, addressed at the 2023 edition of  the prestigious ASMEX (Australian Superyacht Marine Export) Conference, which took place on Australia's east coast on May 23rd.

The Chairman, who topped the list of keynote speakers, discussed Gulf Craft's evolution and global expansion over the past four decades, from a humble builder of small fishing boats to a builder of award-winning luxury superyachts, including the world's largest  composite-built production superyacht, the Majesty 175. The Chairman also discussed his personal professional path from foreign diplomat to worldwide yachting industry leader.The Australian superyacht market has experienced rapid expansion in recent years, and Gulf Craft has seen a sharp rise in sales driven primarily by charter purchases. While yacht chartering has long been popular in Australia, demand is continuing to rise  as more and more owners become aware of the exceptional chance to earn more substantial,  long-term returns on investment, making the decision to buy a yacht just as important  and valuable as making an investment in other assets. 

The Chairman's keynote address included a description of Gulf Craft's new future vision, which was first revealed at the 2023 Dubai International Boat Show. Under the strategic concept of "Legacy in Motion," Gulf Craft is envisioned to steer the company into a new era of dynamic growth. Gulf Craft is pushing the envelope in four key areas with its  distinctive posture as a worldwide yacht manufacturer: Technology & Innovation, Path to  Sustainability, worldwide Expansion, and Next Generation.

"We have been selling our boats and yachts in Australia for over a decade now and have seen  significant year on year growth, quickly making Australia one of our most important markets," said Mohammed Hussein Alshaali, chairman of Gulf Craft, in his remarks at the  occasion. I'm excited to be speaking as one of the keynote presenters at this year's ASMEX Superyacht Conference once again in  Australia. alongside some of the international thought leaders in the field. As part of our continued commitment to the Australian market as part of our global expansion, I loved discussing Gulf Craft's unique 40-year history, our vision for the future, and my personal experiences  with delegates at the event.

Gulf Craft’s Australian Dealer – Australian Superyachts – will be attending the Sanctuary  Cove Boat Show this week with Gulf Craft’s flagship Majesty Yachts brand as well at the  Oryx sports cruiser line. A brand-new Majesty 72 yacht will be on display alongside the  Oryx 379. In Australia, Gulf Craft’s range of Majesty Yachts over 100 feet have been a particularly popular choice amongst Australian new yacht buyers thanks to their unrivalled  chartering capabilities .All Majesty Yachts are built specifically to meet the stringent Australian Maritime Safety  Authority (AMSA) survey class for commercial charters – from corporate events to weddings and birthdays, and private holidays, Majesty Yachts have been delivering a diverse range of  chartering needs in Australia for over a decade.