Arik Kislin Principal at Linx Industries: The Private Luxury Yacht Industry

June 21, 2010 - PRLog -- Marinas are at saturation point in many parts of the Mediterranean as well as the Caribbean with even Egypt experiencing a rapid rise in Red Sea marina developments. Today, there are an estimated 7000 yachts over 24 metres (79 feet) in use. At least 20% of the business for new vessels over 200 feet is coming from Russians - more than from any other single country including the USA.

As of 2009 yachts above 100 metres (328 feet) are still rare but increasingly more common. They typically have five decks above the water line and two below. The very largest yachts have begun to incorporate such features as helicopter hangars, indoor swimming pools and miniature submarines. The burgeoning number of "small" super yachts has led to the introduction of the hyperbolic terms Mega Yacht and Giga Yacht to demarcate the elite among luxury yachts.

Yacht ownership offshore is on a record rise. "People can live tax-free through off shore residency on a yacht, cruising the world and docking in exotic, exciting locations such as Porto Cervo Marina on the Costa Smeralda in Sardinia, Marina Frapa in Croatia, Port d'Hercule in Monte Carlo and Emerald Bay Marina in the Bahamas," said Arik Kislin, Principal at Linx Industries.

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About Arik Kislin
Arik Kislin is a self-made real estate investor, developer and entrepreneur. Arik Kislin is a principal with Linx Industries, a diversified investment company which includes JetFLight International, a Private Aviation Charter and Management Company, The Gansevoort Hotel Group, and Ocean Blue Management. Mr. Kislin began investing in a financial services firm active in the distressed debt market which manages assets in excess of $2 billion. Arik Kislin is a member of the New York Friars Club. For information see www.arikkislin.net, www.linxind.com, www.arikkislinentrepreneur.com