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Forbes - Boats & Planes

Monaco Academic And Industry Leaders Celebrate World Boating Day In Thoughtful Ways Lürssen Delivers Fourth Superyacht Of 2026 This Yacht Builder Is The New Nobiskrug—And Making Crazy Custom Megayachts Private Jet Demand Takes Off Despite Increased Fuel Prices Australian Team To Race In The America’s Cup For The First Time In 25 Years This New Yacht Has Just Been Delivered To Its Billionaire Owner Nautor Swan Unveils 73-Foot Performance Cruiser Ryan Reynolds Experiences SailGP Speed Firsthand At Event In Bermuda The Insane Bucket-List Experiences Only Accessible By Superyacht Riva And Ferrari Combine Starpower And Horsepower Private Jet Companies Are Readying For FIFA World Cup. Are You Ready? Gary Jobson Remembers Sailing Legend Ted Turner Alia Yachts Unveils New Full Custom Yacht In Palm Beach Rare Hantavirus Outbreak Strands Cruise Passengers At Sea Ferrari Hypersail Makes A Stylish Entrance At Milan Design Week Inside ‘Leviathan,’ Gabe Newell’s Progressive New Superyacht Scotland’s Green Party Private Jet Ban Could Bring Economic Red Ink Turquoise Yachts Launches Second Superyacht This Year 465-Foot-Long Russian Superyacht Passes Through Blockade In The Strait Of Hormuz Remote Managers, Secondary Homes Driving Private Aviation Demand ‘Oceania Aurelia’ Setting Sail In 2027 Will Redefine Long Cruises Feadship Launches Striking New 262-Foot-Long Superyacht Voly Launches New Superyacht Management Software Big Private Jet Operators Are Betting On Faster And Longer Miami-Based Manari 52 Debuts With Loro Piana Interior Yachting Industry Leader Interview: Karel Komárek American Airlines Re-Enters Private Jet Market Via TLC Jet Partnership This New Yacht Has An Underwater Window And A Two-Deck Tree On Board 221-Foot-Long CRN Superyacht ‘Amor À Vida’ Steals The Show In Palm Beach The Masters, Trump TFRs Show Easy Come, Easy Go Impact Of Private Jets New American Team To Challenge For The America’s Cup A ‘Seabourn Pursuit’ Port Call With Purpose Private Jet Flight Demand Skyrockets As Flyers Seek Reliability Hinckley Unveils New Picnic Boat 45 At Palm Beach International Boat Show How Superyachts Are Staged For Sale, According To Industry Insiders Tennis Superstar Carlos Alcaraz On His New 88-Foot Sunreef Catamaran Superyacht Chefs Reveal What The Ultra-Wealthy Eat On Vacation The 6 Largest Superyachts At The Palm Beach International Boat Show Tailwind For Air Taxis And Cargo Drones Via Federal Program Airport Security Lines And Storms Boost Private Jet Demand 6 Luxury Yachts With Wild Technology On Board—From Interactive Walls To Nightclubs The Coolest New Yacht Accessory? A Second Yacht Peek Inside The 344-Foot Sailing Superyacht ‘Black Pearl’ This Superyacht Makes Swimming With Sperm Whales Off Dominica Even More Special What Do The World’s Wealthiest Superyacht Guests Really Want? Own A Slice Of A Major Private Jet Company With Perks, Not Headaches U.S. SailGP Team Wins Big In Sydney Aquila Catamarans Launches 50-Foot Sailing Catamaran Iran Conflict Spurs Issues For Private Jet Flyers Beyond Price Spikes Global Eco-Boating Competition Attracts 43 Teams To Test New Tech Friends With Jets Have Hairstylist Bernardo Vasconcelos Flying High After 30 Years, This Private Jet Company Wants To Be A Household Name Two Italian Icons—Ferrari And Riva—Celebrate Style And Performance In South Florida
UAE-Based Yacht Builder Gulf Craft Continues To Grow
Bill Springe · 2026-05-27 · via Forbes - Boats & Planes
Majesty 120 - Drone running shots 5

Majesty 120 underway

Majesty

I’m always fascinated by the yacht builders I meet because they all share a simple trait—passion. Now, I know that sounds like a cliché. Maybe it is. But it’s true. And that’s especially the case of the UAE-based Gulf Craft Group that build four different brands: Majesty, Nomad, Oryx, and Silvercat yachts in several facilities in the UAE and the Maldives. In fact, the company has been building boats for over 40 years. And as any long term yachting entrepreneur will tell you, being able to successfully weather the ups and downs of the yachting industry for 40 years is a major accomplishment.

Gulf Craft CEO Erwin Bamps

Gulf Craft

How’d they do it? Well, I sat down with CEO Erwin Bamps to find out. It turns out, he’s actually returned to the CEO role he held from 2009-2019. Back then he led the company through a decade of significant growth—expanding the workforce, diversifying the product portfolio across the leisure and superyachting segments, and establishing a strong international presence.

BS: What’s it like to come back?

EB: It may be the same title, for the same company. But other than that, it’s no longer the same challenge. Back then we had to build everything from scratch. Now, the challenge is very different. The progress that has been made in terms of the product evolution, you look at this Majesty 100 Terrace, the innovation, the team, the automation and the machinery that has been acquired is amazing

Yet I believe we’re the best kept secret of the Middle East and the yachting industry as a whole. So, I want to build visibility of the various brands and establish a distribution network and partnerships.

MORE FOR YOU

Majesty Yachts is one of several brands under the Gulf Craft umbrella

Gulf Craft

BS: Where is Gulf Craft headed? What does your market research tell you?

EB: What we are seeing is that our customers are looking for a yacht that’s light and roomy so they can socialize on the water. They’re looking for a home away from home, a place to socialize and relax. We see most people looking for something in between—between the office and the home—especially in markets like Asia and the Middle East. They want to invite the customers or their friends, not necessarily all the time to the office because it's too impersonal, too business oriented. And not to their home either because it's too personal. The boat is the perfect mix.

The Majesty 100 Terrace

Majesty

And you can see that approach in the newest Majesty models. The Majesty 100 Terrace that’s designed in collaboration with Phathom Studio in the Netherlands features a private owner’s bow-terrace, fold-down cockpit balconies and full walk-around decks. The goal was to maximize indoor-outdoor living in the 100-ft class, with five staterooms supporting both family use and charter.

Majesty 120 at night

Majesty

Meanwhile, the Majesty 120 is a 120-foot-long tri-deck with six cabins and lots of interior volume that that’s rare aboard yachts in this size range.

Stay tuned to see what they are working on next.