Sela and Tahaluf have signed a ten-year agreement to stage the Red Sea Yacht Show at Jeddah Yacht Club, with the inaugural event scheduled for 14–17 October 2027.
The first edition is targeting more than 50 yachts, 150 exhibitors and over 10,000 visitors. Organisers project an economic impact exceeding US$500 million through yacht sales, charters and luxury tourism, although these figures remain targets rather than confirmed outcomes.
The agreement was witnessed by Prince Saud bin Mishaal bin Abdulaziz, deputy governor of the Makkah Region. Sela is owned by Saudi Arabia’s Public Investment Fund, while Tahaluf is an exhibition organiser.
The show is intended to extend the reach of the Monaco Yacht Show into Saudi Arabia and strengthen commercial links between international yacht builders, brokers, owners and marine tourism businesses. It will form part of the Jeddah Events Calendar.
Outstanding venue
“The Monaco Yacht Show has established an exceptional reputation in the yachting world. Its decision to look beyond Monaco and choose Saudi Arabia for this new chapter clearly reflects the scale of opportunity it sees on the Red Sea,” said Mike Champion, chief executive of Tahaluf.
Amer Hussein Daggag, general manager of destinations at Sela, added: “Jeddah Yacht Club & Marina offers an outstanding venue for this new show.
“Through our collaboration with Tahaluf and by leveraging the Monaco Yacht Show’s expertise, we have the opportunity to welcome the global yachting community to Jeddah.”
Saudi Arabia says US$22.4 billion is being invested in marine infrastructure and Red Sea developments, including Sindalah and AMAALA.
Jeddah Yacht Club and Marina has 94 berths and can accommodate yachts up to 120 metres.
Organisers expect the show to grow over its first three editions. Targets rise to more than 70 yachts, 200 brands and 20,000 visitors in year two, followed by over 90 yachts, 300 brands and 40,000 visitors in year three.
Projected economic impact increases to US$800 million and US$1.2 billion respectively.
