No Signs of Inflation Hurting the Luxury Yacht Industry

Despite global economic challenges like inflation and high energy costs, the super luxury yacht industry is thriving, particularly in Dubai. Global yacht sales are projected to rise significantly by 2030, with the MENA region playing a key role. The market is seeing new buyers from the tech and crypto sectors, but sustained growth relies on Ultra High Net Worth individuals. Russian capital is also influencing the market, as the UAE remains open to Russian investments amid geopolitical tensions.

What is the significance of the Dubai International Boat Show in the context of the yacht industry?

Who are the new entrants into the yacht market mentioned in the text?