News

The World’s Largest Wooden Superyacht Visits The Arabian Sea

Currently moored in the warm waters of Dubai, the custom 50-meter vessel was built in 2020 and is brokered by Bush & Noble.

Published

12 months ago

August 8, 2023

Nour Nasir

world's largest wooden superyacht visits the arabian sea

Bush & Noble

Moored in the shimmering waters of the Arabian Sea, a 50-meter teak vessel, currently for sale at a cool 9.995 million USD, is the largest wooden superyacht ever built.

Brokered by Bush & Noble, the superyacht dwarfs vessels like The Maltese Falcon, Eclipse, or Azzam. However, aside from its sheer size, this yacht sets itself apart by being crafted from teak, mirroring the lines and building techniques of a traditional Arabian dhow.

world's largest wooden superyacht interior 2

“We are thrilled to have this stunning custom wooden yacht as part of our fleet. It truly is a one-of-a-kind yacht that is sure to impress even the most discerning yachting enthusiasts,” says Brett Noble, Co-Founder of Bush & Noble.

world's largest wooden superyacht interior 4

When construction began in 2020, the superyacht’s hull became its main talking point. The superstructure is crafted from teak and covered with a GRP shell, making the yacht a work of art to behold. According to Noble, “the construction for the hull was based on traditional dhow techniques, whereas the superstructure combines the latest techniques with old-school aesthetics”. It’s clear that this superyacht isn’t just a visually stunning vessel but also a love letter to the shipbuilding traditions of the region.

world's largest wooden superyacht interior 1

Under the craft’s sleek exterior are a raft of state-of-the-art navigation and safety systems. Meanwhile, the yacht’s interior boasts a completely bespoke and utterly luxurious suite of cabins that can accommodate 12 guests alongside a team of five crew members.

world's largest wooden superyacht interior 3

Brett Noble explained the uniqueness of this special build. “This type of yacht exemplifies the Middle East market in many ways, but mostly because not many people are brave enough to step outside the comfort zone of GRP or similar construction. As with Dubai, they always push the limits of what is possible”.

Also Read: Abu Dhabi-Backed Tech Sculpture To Be Installed In Houston

The teak marvel certainly creates a lasting impression, and while the vessel’s owner remains anonymous, enthusiasts are keen to have the yacht recognized by the Guinness Book of Records as the world’s largest wooden superyacht.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.