Gulf craft expands overseas

Gulf Craft has opened a Maldives manufacturing unit and marine service centre, which will be used to help it develop Asian markets.

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By  David Ingham Published  August 19, 2001

Gulf Craft, a major regional success story, has expanded overseas with the opening of a manufacturing unit and marine service centre in the Maldives.

The development will be located in K. Thilafushi Island near the capital Male, and will have an initial manufacturing capacity of six boats per month. The factory includes advanced facilities for boat and yacht as well as a drydock for all kinds of ships.

“As it will be working in co-ordination with the Ajman unit, this new factory will help reduce expenses in terms of maintenance, delivery time and shipping, besides reducing the pressure on the Ajman factory, which is currently exporting boats and yachts to Gulf Craft clients all over the world,” said Jamal Al Shaali, general manager, Gulf Craft.

Gulf Craft was established in 1982 in Ajman, UAE. The company now employs 250 people, has a monthly capacity of around 200 boats and has dealers in 30 countries. The company is currently building a US$ 10 million facility in Umm Al Quwain, UAE, dedicated to building ‘super yachts.’

The new factory, which was inaugurated by the Maldives’ president, will initially focus on the local market. Company officials say they later plan to serve regional markets in Malaysia, Singapore, India and Sri Lanka. Australia is also being eyed for expansion.

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