Dubai’s largest boatyard is the Masonboro, a 35-meter-long, 5,000-ton, two-hulled fishing boat that was built in 2003.
Built by the Russian billionaire Alexey Milner, the boatyard boasts a fleet of five different models, including a four-person boatyard that can carry a maximum of 300 passengers and is capable of carrying up to 4,000 tons.
The boatyard has a long history of fishing in the Arabian Gulf and has been fishing in Oman, the United Arab Emirates, Bahrain and Saudi Arabia since the mid-2000s.
A large portion of the boatyards fishing fleet, including the two largest, has been bought by foreign companies.
The largest boats, like the Masonboats, are sold to foreign companies that then operate them in the UAE, Oman, Bahrain, Saudi Arabia and Oman.
A number of UAE companies also operate boats in other countries.
In recent years, Dubai has acquired a large number of boats from foreign firms, and in some cases the boats are being used to carry tourists and tourists’ families to and from the UAE.
Dubai’s first boatyard was built on the site of a former hotel and restaurant.
The complex is located in a sprawling city block and is owned by Abu Dhabi Tourism and Commercial Development Authority (ADDA), which is part of the United Nations.
In 2010, ADDA bought the boat yard for $15 million.