Gulf Craft
Gulf Craft is a UAE-based designer and manufacturer of luxury superyachts (Majesty), expedition yachts (Nomad), and power catamarans (SilverCat), serving ultra-high-net-worth individuals, charter operators, and government buyers globally, with a dedicated superyacht service centre in Ajman.
- Company typePrivate
- Founded1982
- HeadquartersDhaid, United Arab Emirates
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Gulf Craft does
Gulf Craft Group is a UAE-based designer and manufacturer of luxury yachts, power catamarans, and specialised commercial vessels, headquartered in Umm Al-Quwain and operating since 1982. The company sells three consumer brands — Majesty Yachts (superyachts from 60 to 160+ feet, including the award-winning Majesty 100 Terrace), Nomad Yachts (expedition cruisers such as the Nomad 75 and Nomad 101), and SilverCat (power catamarans) — alongside the Superyacht Service Centre (SYSC) in Ajman, which provides refit, maintenance, and repair services with a 600-tonne lifting capability for vessels up to 80 metres. Customers span ultra-high-net-worth individuals, charter operators, watersports and adventure enthusiasts, and government/municipal buyers (e.g., Red Sea Global for tourism vessels, Sharjah Civil Defence for emergency-response boats).
Revenue is generated primarily through one-time vessel sales plus professional-service fees from SYSC. Distribution is executed via a global dealer network spanning Europe, the UK, the Middle East, Africa, Asia, and the Caribbean, supplemented by participation in major international boat shows (Qatar Boat Show, Singapore Yachting Festival, Malaysia International Boat Show, BOAT Design & Innovation Festival). In April 2025, Gulf Craft was acquired by US-based Saronic Technologies, a developer of unmanned surface vessels; the acquisition included the company's Louisiana shipyard (approximately 100 acres) and a $250M+ investment commitment, with Saronic subsequently launching the Marauder Medium Unmanned Surface Vessel at the Gulf Craft shipyard and announcing a $2.5 billion shipyard expansion. Gulf Craft continues to operate its yacht brands under Saronic's ownership, with Erwin Bamps as Group CEO and Mohammed Alshaali as Chairman.
Manufacturing relies on composite hull construction, in-house naval architecture, and luxury interior outfitting, while aftermarket service is differentiated by SYSC's regional monopoly on large-vessel lifting capacity. Recognition includes the BOAT Design & Innovation Awards 2026, Yacht Style Awards (Best Builder in Asia), and Emirates Labour Market Award, supporting brand prestige in the high-end leisure marine segment.
Gulf Craft firmographics
Firmographics- Name
- Gulf Craft
- Legal name
- Gulf Craft Group
- Website
- https://gulfcraftinc.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Gulf Craft is a UAE-based designer and manufacturer of luxury superyachts (Majesty), expedition yachts (Nomad), and power catamarans (SilverCat), serving ultra-high-net-worth individuals, charter operators, and government buyers globally, with a dedicated superyacht service centre in Ajman.
- Ownership category
- akta.pro rank
Gulf Craft industry classification
Industry- Product category
- Luxury Yacht Manufacturing
- NAICS
- Ship Building and Repairing (336611), Boat Building (336612), Ship and Boat Building (3366)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Full-Custom Superyacht & Megayacht Manufacturing (IMAJAMAB)
- akta.pro secondary industries
- Luxury Motor Yacht Manufacturing (IMAJAMAD), Semi-Custom & Series Production Yacht Manufacturing (IMAJAEAM), Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI), Luxury Yacht Hull & Superstructure Fabrication (Composite/Aluminum/Steel) (IMAJAMAG)
Keywords
Where Gulf Craft is headquartered
LocationHeadquarters
- HQ city
- Dhaid
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices3 records
Markets served
Gulf Craft business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Yacht Manufacturing: Design, manufacture, and sale of luxury yachts under Majesty, Nomad, and SilverCat brands. Revenue from one-time vessel sales with various size categories from 36ft to 160+ metres.
- Yacht Service and Maintenance: Superyacht Service Centre (SYSC) in Ajman provides refit, maintenance, and repair services for yachts up to 60 metres, serving vessels across Middle East, Indian Ocean, and Mediterranean routes
- Charter and Touring Vessels: Manufacturing and delivery of touring and passenger vessels for commercial operators including Red Sea Global
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Luxury Superyacht Segment (Majesty 100-160+) |
| One time/ perpetual license | Multi-year contract | Adventure Yacht Segment (Nomad 75-101) |
| One time/ perpetual license | Multi-year contract | Performance Power Catamaran (SilverCat) |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Gulf Craft product offering
Product offeringCore offering
Gulf Craft designs, manufactures, and sells luxury motor yachts under three proprietary brands: Majesty Yachts (superyachts 60–160+ feet), Nomad Yachts (long-range expedition yachts), and SilverCat (power catamarans). Beyond vessel manufacturing, the company operates the Superyacht Service Centre (SYSC) in Ajman providing refit, maintenance, and repair services for yachts up to 60 metres with 600-tonne lifting capacity, and produces commercial touring vessels and multi-role patrol boats for enterprise and government customers.
Product overview
Gulf Craft is a UAE-based yacht and boat manufacturer operating three distinct brands: Majesty Yachts (luxury superyachts from 60-160 feet), Nomad Yachts (adventure-oriented cruising yachts), and SilverCat (power catamarans). The company also operates the Superyacht Service Centre (SYSC) in Ajman providing refit and maintenance services. Gulf Craft's portfolio spans leisure craft, superyachts, touring vessels, and multi-role patrol boats. Following Saronic's acquisition of Gulf Craft's Louisiana shipyard, the company expanded into unmanned surface vessels (USV) including the 150-foot Marauder MUSV and planned smaller classes (Spyglass, Cutlass, Corsair, Mirage, Cipher).
Differentiator
Problem solved
Functional benefit
Brands
- Majesty Yachts: Superyacht brand offering luxury vessels including Majesty 100 Terrace, Majesty 60, Majesty 65, Majesty 145, and Majesty 160
- Nomad Yachts
- SilverCat
- Superyacht Service Centre (SYSC)
Products and services
- Majesty Yachts Premium superyacht brand offering luxury motor yachts from 60 to 160+ feet featuring advanced design, spacious interiors, and high-performance capabilities for private, family, or charter use.
- Nomad Yachts Adventure-oriented yacht brand designed for extended cruising and exploration, offering robust construction and adaptable configurations for diverse maritime conditions.
- SilverCat Power catamaran brand featuring twin-hull design for enhanced stability, performance, and spaciousness, distributed through a global dealer network spanning the Caribbean, Europe, Africa, the Middle East, and Asia.
- Superyacht Service Centre (SYSC) Dedicated leisure craft and yacht service facility in Ajman, UAE, offering refit, maintenance, and repair services with a 600-tonne Cimolai mobile boat hoist, deep-water berths with six-metre depth, and a service quay accommodating up to eight yachts of up to 60 metres in length simultaneously.
- Majesty 100 Terrace Superyacht in the Majesty range featuring a private owner's terrace with 270-degree sea views, designed in collaboration with Phathom Studio. Awarded the Outstanding Lifestyle Feature award at the BOAT Design & Innovation Awards 2026.
- Majesty 145 Superyacht model in the Majesty lineup whose first hull launched in 2026, shortlisted as a finalist for The International Yacht & Aviation Awards 2026.
- Majesty 160 Largest superyacht model in the Majesty lineup, shortlisted as a finalist for The International Yacht & Aviation Awards 2026.
- Nomad 101 30-metre yacht offering high cruising range and adaptable configurations for private, family, or charter use, debuted at the Qatar Boat Show 2025.
- Nomad 75 Mid-sized Nomad expedition yacht delivered to owners.
- Majesty 60 Compact luxury yacht model in the Majesty lineup.
- Multi-Role Vessels 36-foot multi-role vessels designed for emergency response, rescue, civil defence, and patrol applications.
- Touring Vessels 36-passenger touring vessels manufactured and delivered to commercial tourism operators for hospitality and passenger transport operations.
Quantifiable outcome
- SYSC Ajman serves yachts across Middle East, Indian Ocean, and Mediterranean routes, capturing demand traditionally carried out in Europe and North America
Companies that use Gulf Craft
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Gulf Craft technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Gulf Craft partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and flagship.
- CimolaicoreCimolai supplied the 600-tonne mobile boat hoist for the SYSC Ajman facility, enabling lifting of vessels up to 60 metres in length.
- SaronicflagshipSaronic acquired Gulf Craft's Louisiana shipyard (approximately 100 acres) to enhance autonomous shipbuilding capabilities. The acquisition includes investment exceeding $250 million with plans to create 500+ jobs and produce up to 50 unmanned ships annually. Saronic launched the Marauder MUSV at the Gulf Craft shipyard, which features a 150-foot autonomous vessel with modular flatbed design.
- Phathom StudiocoreDesign partnership with Phathom Studio for the Majesty 100 Terrace superyacht interior and exterior design. This collaboration resulted in the award-winning 270-degree sea view owner's terrace feature.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Gulf Craft competitors and assessment
Company assessmentDirect peers
- Ferretti Group: Italian luxury yacht group owning Ferretti, Riva, Pershing, and CRN brands. Competes broadly with Gulf Craft across custom and semi-custom superyacht segments worldwide.
- Feadship: Dutch luxury custom superyacht builder with strong heritage and brand recognition among UHNWI. Competes directly with Gulf Craft's Majesty superyacht range for premium buyers globally.
- Lürssen: German full-custom superyacht and megayacht builder, one of the largest in the world with vessels up to 200m+. Competes with Gulf Craft in the top tier of the luxury superyacht market.
- Princess Yachts: UK luxury motor yacht manufacturer producing yachts from 40ft to 130ft+. Competes with Gulf Craft's mid-tier Majesty offerings and shares similar global dealer-driven distribution model.
- Heesen Yachts: Dutch luxury superyacht builder with strong focus on custom motor yachts in the 30m-90m range. Direct competitor to Gulf Craft's larger Majesty superyachts with similar custom-build service offerings.
- Sanlorenzo: Italian luxury yacht builder specializing in semi-custom superyachts from 27m to 70m+. Competes with Gulf Craft's Nomad and smaller Majesty models for affluent European and global buyers.
- Sunseeker: UK-based luxury motor yacht manufacturer offering yachts from 38ft to 131ft with global dealer network. Overlaps with Gulf Craft's mid-to-large Majesty range and SilverCat powerboat positioning.
- Azimut: Italian luxury yacht builder offering motor yachts across multiple size segments with strong European and global distribution. Direct competitor to Gulf Craft's superyacht and motor yacht lineup.
- Benetti: Italian luxury superyacht builder offering fully custom and semi-custom motor yachts in the 30m+ range. Direct competitor in the global superyacht segment alongside Gulf Craft's Majesty line.
Broad incumbents
- Saronic Technologies: Gulf Craft's parent company — US-based autonomous shipbuilder currently using the acquired Gulf Craft Louisiana shipyard for unmanned vessel production (Marauder MUSV portfolio). Parent-operating relationship is unique and warrants separate evaluation, though Saronic is itself a broader defense/adjacent player rather than direct yacht competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Gulf Craft social profiles
Digital presenceGulf Craft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gulf Craft leadership team
Management profileNumber of profiles
Profiles2 records
Gulf Craft subsidiaries and ownership
Company hierarchySubsidiaries1 record
Gulf Craft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gulf Craft M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gulf Craft
What does Gulf Craft do?
Gulf Craft designs, manufactures, and sells luxury motor yachts under three proprietary brands: Majesty Yachts (superyachts 60–160+ feet), Nomad Yachts (long-range expedition yachts), and SilverCat (power catamarans). Beyond vessel manufacturing, the company operates the Superyacht Service Centre (SYSC) in Ajman providing refit, maintenance, and repair services for yachts up to 60 metres with 600-tonne lifting capacity, and produces commercial touring vessels and multi-role patrol boats for enterprise and government customers.
Is Gulf Craft a public or private company?
Gulf Craft is a private company. It is classified as corporate owned and is currently operating.
When was Gulf Craft founded?
Gulf Craft was founded in 1982. It employs 1,001 to 5,000 people.
Where is Gulf Craft based?
Gulf Craft is headquartered in Dhaid, United Arab Emirates, in the Middle East region.
How does Gulf Craft make money?
Three revenue lines are on record. Yacht Manufacturing is the primary driver. The others are yacht Service and Maintenance and charter and Touring Vessels.
Who are Gulf Craft's main competitors?
Direct peers on record are Ferretti Group, Feadship, Lürssen, Princess Yachts, Heesen Yachts, Sanlorenzo, Sunseeker, Azimut and Benetti. Saronic Technologies is listed as a broad incumbent.
Does Gulf Craft have an API?
No public API is recorded for Gulf Craft.
What industry is Gulf Craft in?
Gulf Craft's product category is Luxury Yacht Manufacturing. Its primary akta.pro industry code is IMAJAMAB, Full-Custom Superyacht & Megayacht Manufacturing, with a secondary code of IMAJAMAD, Luxury Motor Yacht Manufacturing. Its NAICS code is 336611 and its SIC code is 3730.