Yacht maker eyes emerging market rich

Yacht maker eyes emerging market rich

The whole customer base of luxury markets is undergoing a shift, according to the Arab Gulf's largest yacht producer

January 10, 2011 2:34 by shafeer

Gulf Craft, the Arab Gulf’s largest yacht manufacturer, expects modest sales growth in 2011. But it anticipates that a new ‘emerging market elite’ will boost its luxury boat business, its chief executive Nasser al-Shaali tells Reuters.

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