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A party from the Manx Government and the Island's private sector is currently in Dubai for the country's International Boat Show.
Its runs from today until March 15.
Director of the Isle of Man Ship Register Dick Welsh (pictured) spoke to Business Editor John Moss:
Treasury minister 'hopes' businesses will pass on VAT reductions to customers
Falling from 20% to 5% for certain activities over summer
TT 'massive' for hospitality industry
Local businesses prepare for race week
Hopes summer VAT cuts will ease cost of living pressures for families and businesses
IoM Government mirrors UK action
'The TT is our crown jewel' says caterer
Hospitality vendors praise look and atmosphere of The Grandstand
