Some key findings have emerged in a report, revealing insights into the billion-euro local nautical sector at the inaugural Balearic Superyacht Forum…
The Balearic nautical sector’s significant economic impact, generating over a billion euros annually, stood out as a key highlight during the debut of the Balearic Superyacht Forum yesterday (24 April). Held at the Palma Auditorium, the event convened more than 300 industry stakeholders, unveiling insights from a comprehensive report by the Balearic Marine Cluster.
According to the report, the local maritime sector encompasses 879 companies, generating €1.106 billion in annual revenue and creating 5,145 jobs, with a yearly growth rate of 4.26 per cent.
“The nautical industry in the Balearic Islands, representing 3.1 per cent of the Balearic Islands’ GDP, is not only an integral part of our local economy but also a symbol of our identity and culture,” Toni Salom, President of the Balearic Marine Cluster, stated in his opening speech.
“This leadership position confers upon us great responsibility and even greater opportunity, as we aim to become the most sustainable, intelligent, high-quality and service-oriented yachting hub in the Mediterranean.”