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Albany, NY -- (SBWIRE) -- 07/23/2014 -- The Middle East is the most important superyacht (40 metres and above) market globally. The area has the highest propensity to buy a superyacht at approximately 48%, which means that close to 50% of the wealthy residents are exploring the acquisition of this status symbol. This propensity to buy is greater than any other place worldwide.
While conventionally, Western Europe and North America are the major markets for superyachts, the large number of ultra-high net worth individuals present in these regions makes the Middle East an interesting yacht market. Azzam, the largest yacht in the world as well as approximately a third of the other 200 largest yachts internationally are owned by the citizens of the Middle East.
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Why should the report be purchased?
The report Assessment of the Middle East yacht industry 2014 highlights key drivers of and trends emerging in the Middle East yacht industry. The Initiatives and performance of key players including Bombardier, Gulfstream has been presented. The current market scenario and future prospects of the sector has also been examined. The report contains latest industry leaders verbatim.
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Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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