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Superyacht refit in Turkey: An Investigation

Superyacht refit in Turkey An Investigation (1)

In a shift which has remained under the radar of many in the industry, there is a country which is becoming an increasingly attractive location for superyacht refits for owners all around the world: Turkey. According to the SuperYacht Times intelligence system, SuperYacht Times iQ, there has been a significant increase in the number of refits carried out in Turkey, with 17 refits taking place in 2017, 29 in 2018 and 32 during the course of 2019 so far. There are many possible contributing explanations for this change, including the increased popularity of the Turkish coastline as a travel destination, the improvement of marina facilities to meet international standards and the foreign currency exchange rate which is maintaining the low cost of refit works in the area.

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