Meteoric rise
Erwin Bamps came to U.A.E. ten years ago. At that time, Gulf Craft employed 200 people and sold its yachts in the United Arab Emirates – to Dubai, Abu Dhabi, and occasionally to Oman or Bahrain if things were going well. But Mahammed Al Shaali, the Gulf Craft chairman, had bigger plans. “We want to become one of the largest yacht-builders in the world,” he said at the time. To make that ambition a reality would definitely require a miracle. Or that is what Bamps, newly arrived from his native Belgium, thought at the time. But he didn’t know U.A.E. very well then. Today, the shipyard employs 5,000 staff and builds as many as 500 boats a year. From small, six-meter pleasure cruisers to megayachts over 40 meters long. He will not hear of anybody describing it as mass production, however. The opposite is the case, he maintains. And this is where his first comparison comes in. Making cars is like baking cupcakes. Building yachts, on the other hand, is like making a wedding cake – and that is the business Gulf Craft is in. What is special about their yachts is that they are made to the clients’ specifications. Only two features are unalterable: all Gulf Craft yachts are made of fiberglass and they are all monohull designs. Everything else is the client’s choice, whether it’s the color of the hull, the interior fittings or the size of the swimming pool. “Other manufacturers of comparably sized yachts do not offer their clients as much choice as we do,” states Bamps with conviction. Despite that, he can still claim, “We are cheaper than our competitors in Europe.”