Mohammed Hussein Alshaali had a flourishing diplomatic career. The Emirati statesman had already landed career-defining ambassadorial roles to Washington, Geneva and even the United Nations. But it was a very different tide – that of the maritime industry – which would pull this son of a sea captain into a passion project, that would not only build up an entire country’s shipbuilding industry, but would also rise to become a world-class yacht builder in only a few decades.
Back in the late Seventies and early Eighties, when the UAE was just over a decade old, Alshaali, who loved sailing and was posted on stints abroad, purchased a Wellcraft fishing boat from the US and quickly realised the prohibitive costs associated with shipping boats to the UAE. It was all the impetus he needed, along with his brother, to set up their own shipbuilding business – Gulf Craft – in the UAE. “When we launched Gulf Craft in 1982, there was no marine infrastructure or skilled labour force available in the UAE. We were not able to turn to local suppliers for support,” explains Alshaali, founder and chairman of Gulf Craft, recalling the early days in the business.
“Our shipyard is vertically integrated, which means that we manufacture almost all components of our products in-house, with the exception of major machinery. This was borne out of necessity, but became one of our greatest assets as it has allowed us to control each level of our manufacturing process and assure an optimum level of quality.”
Back then, Gulf Craft began with a 218,000-square-foot facility in Ajman where it initially produced 14-foot runabouts for the local market. In 1992, Gulf Craft began to flex its muscle in the luxury yacht market when it launched the Adora 53 motor yacht, and subsequently collaborated with reputed names in the industry including Massimo Gregory to build 77- and 82-foot motoryachts.
Esta historia es de la edición March 2021 de Gulf Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 2021 de Gulf Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED