The Monaco-based Superyacht Builders Association (SYBAss) has released a report indicating that ultra-high net worth individuals (UHNWI) in the Middle East and North Africa region have a statistical propensity of 20 percent to buy a superyacht built in the last 15 years.

This compares with 46 percent for UHNWIs in Eastern Europe, 13 percent in Western Europe and six percent in North America. SYBass announced the figures in conjunction with the Dubai World Trade Centre, organisers of the Dubai International Boat Show, which runs from February 28 until March 4.

In a private report to SYBAss members at the General Assembly in Monaco last September, the number of MENA region UHNWIs – a household with a minimum of $250 million bankable assets – stood at 628 in 2015, an increase of three percent on the previous year.

SYBAss members include Amels, Baglietto, Benetti, CRN, Feadship, Fincantieri, Heesen, Lürssen, Mondomarine and Oceanco.

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