Middle East Boat Sales Will Sink
Published by Irhal
The global economic downturn is impacting the sale of luxury and leisure boats in the Middle East. Marine Consultant Mike Derret said boat sales in the Middle East will decrease by about half in the next one to two years. Last year 1,200 boats were sold and in 2007 1,500 were sold. Mr. Derret predicts the effect of the credit crunch will not be as severe as in the United States or Europe where sales are…
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