Saudi Arabia Boat and Yacht Market Outlook (2022-2028) | Report, Size, Share & 6Wresearch
Saudi Arabia Boat and Yacht Market Synopsis Saudi Arabia Boat and Yacht market growth were witnessed to be moderate during the period 2018-2021 underpinned by rising tourism in the country. The Saudi Arabian government has placed a strong emphasis on infrastructure as a key engine of urban growth, henceforth driving the growth of the boat and yacht market in the country. However, the COVID-19 pandemic slowed the market supplies during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain. According to 6Wresearch, the Saudi Arabia Boat and Yacht Market size is projected to grow at a CAGR of 19.4% during 2022-2028. The primary reason for the growth in Saudi Arabia boat and yacht revenue can be attributed to the geographical location and upcoming infrastructure projects such as NEOM, the Red Sea project, The Rig, Amaala and many more in the country. Saudi Vision 2030 aims to promote infrastructural development and new laws for priva...