Saudi Diesel Equipment

A new residential concept designed to reimagine how people live has been launched by Oliver Ripley the entrepreneur behind Habitas the award-winning hospitality brand known for pioneering experiential and community-driven travel. At a time when nearly 80% of adults under 40 rent Sekra aims to redefine urban living in GCC a statement said. Built for the next generation of living Sekra offers a distinct alternative that blends design-led move-in ready homes with hospitality-inspired service meaningful cultural programming and seamlessly integrated technology. It s a lifestyle-centric model anchored in human connection and everyday wellbeing said Sekra. Ripley who will serve as Chief Executive Officer has teamed up with Travis Kalanick founder of Uber to launch the company as a board member and founding investor. The company recently raised a 12.5 million seed round from one of the most distinguished inve...

GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental one of the GCC s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately 400 million. The company is strategically positioned to support the region s rapidly growing project and infrastructure landscape. Founded in 1992 in Dubai UAE Byrne has evolved into a major regional operator offering a comprehensive one-stop-shop rental model with a fleet of approximately 16 000 units. The company operates through 14 offices and a network of depots across the UAE Saudi Arabia Oman and Bahrain spanning more than 153 000 sq m. This includes its flagship Jubail depot one of the largest logistics and operations hubs of its kind in Saudi Arabia. The company has consistently delivered steady growth in profitability having achieved approximately 20% growth last year and is strongly positione...

The Middle East s short-term rental market is projected to reach 8.7 billion by 2030 driven by tourism growth regulatory reform and shifting traveller preferences according to a new white paper published by UnderTheDoormat Group. Entitled The Short-Term Rental Opportunity in the Middle East the report highlights how the region is emerging as one of the fastest-growing and most strategically important global markets for professionally managed short-term rentals with Saudi Arabia the UAE and Oman identified as key drivers of expansion. The analysis points to structural changes across the region including ambitious tourism strategies large-scale infrastructure investment and clearer regulatory frameworks which are accelerating demand for flexible high-quality accommodation beyond traditional hotels. At the same time travellers are increasingly seeking larger mo...

As Saudi Arabia accelerates one of the world s most ambitious industrial transformations the kingdom s heavy-equipment and machinery sector will take centre stage at the upcoming Heavy Equipment Connect Forum & Expo (HEC 2026). To be held from February 2 to 4 at the Dhahran International Exhibitions Centre in Dammam HEC 2026 is Saudi Arabia s only dedicated exhibition and conference focused exclusively on the heavy-equipment and construction-machinery ecosystem. The event promotes localisation innovation and investment supporting the Kingdom s industrial objectives while connecting global expertise with national opportunity. Held under the patronage of Bandar bin Ibrahim Al Khorayef Minister of Industry & Mineral Resources the HEC 2026 will convene senior government officials global manufacturers investors and industry leaders to advance Saudi Arabia s industrial ambitions in line with Vision 2030. By bringing together policymakers in...

Bobcat has launched a new range of generators for the Middle East and Africa market providing a wider offering of well over 20 models with prime power outputs from 20 to 1650 kVA. Designed and produced in the MEA region the new generators benefit from large air flows and robust components providing a more cost-effective product for a market that is becoming much more competitive. They also have exceptional heat resistance and enhanced total cost of ownership. As they are manufactured in the Middle East this also results in shorter delivery times with lower transportation costs and customs duties. The new Bobcat generator range is designed not only for applications in construction rental general industry and agriculture but also covers applications such as home standby telecommunications and back-up power for both small and large businesses. The six smallest models in the range from 20-165 kVA - the PG20W PG30W PG50W PG60W PG110W and P...

Baker Hughes an energy technology company announced it received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG s 9.5 million tonnes per annum (MTPA) export facility currently under development in Cameron Louisiana. The award which includes six refrigerant turbo compressors comprising LM9000 aeroderivative gas turbines paired with centrifugal compressors leverages Baker Hughes LNG technologies to support Technip Energies and Commonwealth LNG. This significant capital investment in the Commonwealth LNG platform is a key milestone along with the financing process which is well underway and illustrates our level of commitment to developing this global-scale LNG project said Caturus Chief Executive Officer David Lawler. The Commonwealth project is a crucial component of...

Rising demand for prime ESG-compliant office space among regional and global businesses is driving rents and occupancy levels to near-record highs across key markets in the GCC according to the 2025 GCC Office Market Review from global property consultancy Knight Frank. Across the GCC double-digit rental growth is being driven by multinational firms prioritising premium future-proofed office space with occupancy levels in many prime developments already near record highs. Knight Frank in its report reveals double-digit rental growth in Saudi Arabia Dubai and Abu Dhabi with recent developments such as HB Tower on Yas Island already close to full occupancy. Saudi Arabia s office market is experiencing an extended period of growth fuelled by gove...

Byrne Equipment Rental one of the Middle East s leading equipment rental companies has been recognised as an ADIPEC Impact Champion 2025 honouring exhibitors that best embodied this year s theme: Energy. Intelligence. Impact. Among more than 2 000 global exhibitors only a select few fewer than 20 received this distinction. Byrne Equipment Rental s recognition highlights how a regional company powered by local intelligence and guided directly by leadership can deliver results on par with the industry s largest players said a statement. img src= data:image/jpeg;base64 /9j/4AAQSkZJRgABAgAAZABkAAD/7AARRHVja3kAAQAEAAAAMgAA/ 4ADkFkb2JlAGTAAAAAAf/bAIQACAYGBgYGCAYGCAwIBwgMDgoICAoOEA0NDg0NEBEMDg0NDgwRDxITFBMSDxgYGhoYGCMiIiIjJycnJycnJycnJwEJCAgJCgkLCQkLDgsNCw4RDg4ODhETDQ0ODQ0TGBEPDw8PERgWFxQUFBcWGhoYGBoaISEgISEnJycnJycnJycn/8AAEQgBwgKoAwEiAAIRAQMRAf/EALgAAAAHAQEAAAAAAAAAAAAAAAABAgMEBQYHCAEBAQEBAQEBAAAAAAAAAAAAAAECAwQFBhAAAgEDAgMFAwkFBQUGBQIHAQIDABEEIRIxQQVRYSITBnGBMpGh...

Saudi Arabia s capital Riyadh maintained its strong momentum of growth as a regional industrial hub with uniform rental increases across all industrial submarkets in Q2 2025 according to JLL s latest Industrial Market Dynamics report. The Q2 report also highlights the resilience of top-tier industrial locations in attracting premium rents and sustaining high occupancy levels. The industrial and logistics markets in both Riyadh and Jeddah saw healthy rental growth of 9.3% and 4.5% respectively. In contrast although headline rents increased by 10.8% in the Dammam Metropolitan Area (DMA) the sub-markets experienced a fragmented performance. Taimur Khan Head of Research JLL Middle East and Africa said: The overall healthy rental growth across Saudi Arabia s industrial markets reflects the impact of ongoing industrial development and logistics infrastructu...

UAE-based Azizi Developments said it has signed an agreement with Sakr Power Generation a renowned Lebanon-based provider of integrated energy solutions to equip its Dubai projects with advanced diesel generators. Under the arrangement Sakr Power Generation will deliver its MBH-branded generators to ensure seamless and uninterrupted power across Azizi s rapidly expanding portfolio. Established in Lebanon Sakr Power Generation has become a regional leader in the design manufacture and delivery of high-performance systems. Its MBH generators are known for their robust engineering efficiency and adaptability in large-scale developments and critical infrastructure projects. With decades of experience the firm has earned a strong reputation for reliability and innovation supporting industries and communities across the Middle E...

Baker Hughes an energy technology company announced Tuesday an award from Fervo Energy Company the leader in next-generation geothermal energy to design and deliver equipment for five Organic Rankine Cycle (ORC) power plants at Fervo s Cape Station power generation project near Milford in Utah US. The Cape Station project includes Cape Station Phase I which is poised to deliver 100 megawatts (MW) of baseload clean power to the grid beginning in 2026 as well as Cape Station Phase II which will generate an additional 400 MW and come online by 2028. The full Cape Station development has received permitting approval for up to 2 GW of reliable and renewable energy. Once operational the five Cape Phase II ORC plants will generate approximately 300MW clean reliable and affordable power to the grid enough to power approximately 180 000 homes said the company ...

OEG an energy solutions company has announced the strategic expansion of its US footprint and capabilities through the acquisition of Trinity Rental Services (TRS) and its vertically integrated affiliates. TRS founded in 2013 is a provider in oil and gas offshore container rentals in the Gulf of America. Headquartered in Lafayette Louisiana the company provides an extensive fleet of DNV and SEPCO-certified offshore baskets cargo carrying units paint lockers and more. TRS also provides mechanical integrity services and fabric maintenance solutions to ensure offshore assets remain compliant reliable and operational. The acquisition will involve the integration of around 80 highly skilled employees under the OEG brand in a phased approach over the next 18 months. The transaction enhances OEG s c...

Saudi Arabia s office and hospitality sectors are enjoying record double-digit growth as international interest rises with Riyadh office rents surging by 23% year-on-year to reach an all-time high of SAR2 700 ( 719) per square meter as of the end of March said global property consultancy Knight Frank. The record headline rent for grade-A offices in the capital reflects high occupancy levels of 98% with grade-B buildings not far behind at 97%. This growth has been attributed to the success of government-led initiatives such as the Regional Headquarters Programme according to the latest Saudi Arabia Commercial Market Overview published by Knight Frank. Grade-B rents also increased by 24% over the same period as businesses seek alternatives amid limited prime space. However Knight Frank said some relief is expected over the next two years with 2.7 million sqm of new o...

Metso has announced that it has signed an agreement to supply key process equipment for Jinnan Iron & Steel Group s greenfield iron ore concentrator plant. The facility will be constructed in Sohar a port city about 200 km north of Oman s capital Muscat. A frontrunner in sustainable technologies the Finland-based Metso provides end-to-end solutions and services for the aggregates minerals processing and metals refining industries. The plant aims to produce 12.6 million tonnes of high-grade iron ore concentrate annually. It is set to begin operations in 2027 and aims to position Oman as a key supplier in the global Direct Reduction (DR) grade iron ore market. Metso s delivery for the grinding circuit consists of several Vertimill VTM-4500 mills and ball mills with metallic mill liners and a total installed power of approximately 25MW. div...

TRUST an entity of EDGE and a keystone of national security and defence capability that delivers top-tier equipment has signed an agreement with ADG Mobility a South Africa-based company specialising in the production of protected vehicles and subsystems. The agreement was announced during the Make It in the Emirates forum taking place at the Abu Dhabi National Exhibition Centre from 19 to 22 May. Under the MoU the two parties will establish a strategic framework for future collaboration on the design development and manufacturing of specialised land systems equipment including specialised vehicles in the UAE. The MoU was signed by Dr. Jasem Alzaabi Vice President of Business Development (Trading & Mission Support) EDGE and Dr. Stefan Nell Chief Executive Officer of ADG Mobility in the presence of Dr. Abdulmunem Alshehhi Chief Operations Officer &nda...

Abu Dhabi National Oil Company (ADNOC) has announced that it has signed framework agreements worth AED6 billion ( 1.64 billion) with 12 UAE-based firms for making of critical industrial equipment in the country supporting the Make it in the Emirates initiative. The long-term agreements are for the manufacturing of cables and pressure vessels. These include nine companies for 10 types of pressure vessels. They are: ADOS Engineering Industries Arabian Industries Berg Industries Euro Mechanical & Electrical Contracting Company Metalfab Middle East Micoda Process Systems International Company Nash Engineering FZCO Polar Specialized Industries (PSI) and United Metal Works Est. Factory Abu Dhabi. The deal was also inked with three companies for four types of cables. The cable manufacturers are: Dubai Cable Co. (PVT) Ltd Mark Cables and National Cab...

Dollar Car Rental UAE and Danube Sports World the largest indoor sports facility in the Middle East have signed a Memorandum of Understanding (MoU) at the Arabian Travel Market (ATM) under which Dollar will offer exclusive rental benefits to Danube s customers. The partnership aims to deliver enhanced lifestyle value and convenience through a series of collaborative initiatives. As a first step Danube Sports World members will now enjoy exclusive rental discounts from Dollar Car Rental including 10% off on daily and weekly bookings and 7% off on monthly rentals via a dedicated promo code. The MoU was signed by Marwan Almulla General Manager of Dollar Car Rental in Dubai and Oman and Madhusudhan Rao Group CEO of Danube Group. The partnership marks the beginning of a long-term collaboration focused on delivering exclusive benefits and seamless experiences to customers ...

Ajman Municipality and Planning Department announced that the value of rental transactions has increased in 2024 with the total lease contracts hitting AED4.9 billion ( 1.3 billion). The value of lease contracts recorded a growth of AED1.646 billion with an increase of 50.13% compared to 2022 according to the Department s 2024 Annual Report. Abdul Rahman Mohammed Al Nuaimi Director General of Ajman Municipality and Planning Department said the emirate was becoming a top attraction for residents visitors and investors as it had all the elements that provide an ideal and safe living environment. The value of Residential Lease Contracts for the past year 2024 amounted to AED2.647 billion while commercial contracts recorded a growth of AED2.15 billion. The emirate has become a preferred destination for visitors thanks to its luxurio...

The residential rental market in the Northern Emirates saw sustained market growth driven by strong economic fundamentals proactive government initiatives and continued investor confidence according to global real estate services company Asteco. The region s prime markets of Ras Al Khaimah Sharjah and Ajman witnessed increased tenant relocation from Dubai driven by affordability lifestyle factors and improved infrastructure. The rental rates too rose by 4% to 8% in early 2024 before stabilising at 3% stated Asteco in its Q4 2024 real estate report. Ras Al Khaimah s transaction value surged by 78% for the fourth quarter followed by Sharjah (48%) and Ajman (21%). This growth was driven by approximately 20 000 new project launches particularly in luxury-branded residences reinforcing the region s appeal as an investment hub it added. The Ast...

Dubai Land Department launched the Smart Rental Index 2025 marking a transformative milestone in regulating and developing Dubai s real estate sector. This index represents a comprehensive system that integrates the latest technologies and real estate expertise aiming to provide exceptional services that meet the needs of all stakeholders in the real estate market. It further enhances transparency and fairness in determining rental values aligning with Dubai s Digital Strategy and the Dubai Real Estate Sector Strategy 2033 objectives. This was announced during a press conference held at the department s headquarters which was attended by several strategic partners along with a group of representatives from government entities and real estate companies in Dubai as well as DLD s CEOs and Directors. Smart Rental Index 2025...

Wolffkran Holding a leading designer and builder of tower cranes based in Germany has announced that it has sealed a strategic partnership agreement with Saudi-based Zamil Group Investment Company. Under this deal the Saudi group will be acquiring a 50% stake in Wolffkran s local rental and service business - Wolffkran for Equipment. The deal comes following the announcement made by Wolffkran Holding AG and Zamil Group Investment Company at the PIF Private Sector Forum 2024 early this year. Board members from both Zamil Group Investment Company and Wolffkran Holding were at the signing ceremony held at the Four Seasons Hotel in Riyadh alongside officials from the Public Investment Fund of Saudi Arabia the Ministry of Finance and leading local contractors and developers. Wolffkran Holding team led by its Chairman Dr Peter Schiefer al...

Dubai s commercial office market is reaching new heights with unprecedented demand driving occupancy rates and rental growth across prime business districts according to a report by Savills a global real estate services provider. Driven by a substantial rise in new business registrations and expansion activities by existing firms including those in finance and technology sectors the city s real estate landscape is more competitive than ever positioning Dubai as a top global business destination stated Savills in its Q3 2024 Dubai Office Market report. According to the report over 24 000 new businesses were registered in the first half of 2024 marking a 5% year-on-year growth. This surge underscores the strong economic momentum fuelled by the Dubai Economic Agenda (D33) and highlights the emirate s reputation as a hub for international trade an...

Global asset management and disposition company Ritchie Bros said its Middle East unit will be organising the third auction of the year from Dubai featuring more than 1 300 heavy equipment and vehicles for sale. A wide range of sizes brands and models of equipment catering to the construction transportation automative oil and gas as well as mining sector will be up for grabs at the auction to be held on September 24 and 25 at its Jebel Ali Free Zone facility. These include hydraulic excavators articulated dump trucks wheel loaders telehandlers forklifts cranes and SUVs. Ritchie Bros said the next week s event is a public auction with no minimum prices. Some of the most noteworthy equipment to be put up for sale includes: 2018 Cat 745 LRC Articulated Dump Truck 2018 Cat 988K L...

Short term rentals in Dubai are reshaping the rental market with a 30% increase in demand compared to this time last year. Industry Experts claim that the trend is revolutionising the region s real estate scene offering remarkable returns for savvy property owners and attractive accommodation options to visitors. Over the past year we have seen short-term rentals in Dubai surge with a 30% increase in bookings due to rising tourism and a demand for flexible living options explains Myles Rothwell Managing Director at Edwards and Towers a leading real estate brokerage and surveying practice in Dubai. Investor returns up This has led to investor returns up to 20% higher than traditional leases. In comparison long-term rentals offer steady income maintaining an average annu...

The Abu Dhabi Real Estate Centre (Adrec) the custodian and regulator of Abu Dhabi s real estate sector has announced the launch of the first residential Rental Index for Abu Dhabi. Serving both tenants and landlords the platform is designed to increase transparency provide indicative rental values and support the stability of the capital s growing rental market. The platform offers easily accessible and reliable data on residential properties that will help both local residents and those living abroad to better understand the rental market enabling them to make informed decisions based on reliable data. Indicative quarterly rental pricing is also available on the platform for properties located in areas across Abu Dhabi said Adrec in a statement. The Rental Index will energise the rental market in Abu Dhabi and further contribute to the emirate s competi...

UAE s capital Abu Dhabi recorded a significant increase in documented residential rental contracts during the first half of the year with 49 135 contracts registered. This marks an increase of 24 811 contracts compared to the same period in 2023 reflecting a 102% year-on-year growth reported Wam citing official statistics. According to data from the Statistics Centre Abu Dhabi Abu Dhabi alone accounted for 43 985 of these contracts a 104.9% annual increase from the 21 465 contracts recorded in H1 2023. Al Ain City also saw substantial growth with a 77% rise in documented rental contracts reaching 4 819 contracts in 2024 compared to 2 715 contracts in 2023 stated the report. Meanwhile the Al Dhafra region reported 331 contracts in H1 2024 up from 144 contracts in the same period last year. June witnessed the second-l...

Broaden Energy a global leader in hydrogen energy solutions will invest AED1 billion ( 270 million) to set up the first hydrogen equipment manufacturing complex in Abu Dhabi. The Abu Dhabi Department of Economic Development (ADDED) has signed of a Memorandum of Understanding (MoU) with Broaden Energy. This complex aims to support the goals of the Abu Dhabi Industrial Strategy (ADIS) advancing sustainability developing value chains and strengthening Abu Dhabi s position as the region s most competitive industrial hub. As a cornerstone The new manufacturing complex will serve as a cornerstone for the region s hydrogen economy creating new job opportunities and stimulating economic development and innovative industrial solutions. ADDED and Broaden Energy wi...

Colife a UAE-based smart-rental startup that operates as a full-cycle property management company started the expansion into the Asian market beginning with Hong Kong in May 2024. From the start Colife has been revolutionizing the rental market providing seamless solutions for purchasing managing and renting properties in Dubai since 2022 and in Istanbul since 2023. Now the firm has set its sights on expanding further into the Mena and Asia regions. These markets represent significant untapped potential for Colife s growth. By 2028 the group plans to establish a presence in 10 major cities leveraging our innovative approach to redefine urban living and investment opportunities said a statement from Colife. The launch was accomplished by a core team of three employees: a Senior Project Manager a Legal Manager and an Operations Manager...

The supply-and-demand imbalance in both Abu Dhabi and Dubai continues to drive rental performance where in the year to Q1 2024 average retail rents in Abu Dhabi and Dubai rose by 14.7% and 10.5% respectively. Both in Abu Dhabi and Dubai demand remains centered toward quality assets particularly within core locations; that being said the lack of availability of such stock is still one of the main challenges being faced says CBRE Middle East the global leader in commercial real estate services and investments which released its latest edition of the UAE Retail and Industrial Market Review for the first quarter of 2024. Leasing activity in Abu Dhabi s retail market experienced a slowdown during the first quarter of 2024 where the number of rental contracts registered a decline of 8.1% compared to the previous year to reach a total of 7 779. This decline has been primarily drive...

Leading Oman-based business conglomerate Khimji Ramdas (KR) Group has announced that it has successfully completed the supply and commissioning of generators for Nama Electricity Distribution Company in Musandam region. The project was completed through KR Group s Facility and Security Solutions (FSS) a unit of the Special Projects Division. Commencing in October 2023 and concluding in February 2024 the project encompassed the supply delivery and commissioning of seven soundproof generators ranging from 250 KW to 500 KW at various government facilities across the Musandam Region said the Omani group in a statement. These generators were strategically distributed in Khasab Bukha Madha and Dibba areas characterized by diverse landscapes including mountainous terrains seashores and country borders. Representing Mecca Power Generat...

Saudi Diesel Equipment Company (SDEC) Perfect Arabia Factory for Metal Industries (PAF) an allied business of Bahwan International Group and Daewoo Trucks have signed an MoU to explore building commercial trucks in KSA. The MoU represents a promising development for the commercial vehicle industry in the region potentially leading to increased local production job creation and technological transfer. This ceremony took place in the presence of Bangshin Kim President & CEO of Daewoo Trucks. A spokesperson for SDEC the sole distributor of Daewoo Trucks in KSA said that the MoU outlines an understanding between the parties to focus on the assembly of Daewoo Trucks by PAF and SDEC supported by technical assistance from Daewoo Trucks. This collaboration aims to leverage local capabilities in vehicle assembly thereby enhancing the availability and quality of commercial vehicles in the Saudi market. ...

Siemens and Arabia Electric Limited Equipment Company its partner in Saudi Arabia have inaugurated its 6 000 sq m medium-voltage electric panel manufacturing facility in Modon Oasis Jeddah. The factory produces electrical equipment such as substation automation systems communication and protection panels and other products that are critical to supply safe and reliable power for the utility oil and gas infrastructure and petrochemical industries. About 120 people work at the facility. The factory will contribute to the local economy and foster the transfer of knowledge and technology empowering Saudi nationals through training and employment opportunities. Hosted under the patronage and presence of Bandar Alkhorayef Minister of Industry and Mineral Resources the inauguration ceremony was attended by Vice Minister of Industry and Mineral Resources for Indu...

Embarking on a journey of luxury and innovation Juffali Commercial Vehicles has taken a significant stride in redefining Saudi Arabia s transportation landscape. Renowned for its cutting-edge approach to automotive excellence particularly through its Special Vehicles division JSV the company has unveiled an exciting venture launching a dedicated luxury vehicle rental division. This strategic move not only addresses the burgeoning demand for upscale vehicle rentals but also aligns with the Kingdom of Saudi Arabia s vision to elevate and develop its thriving tourism sector. Juffali Commercial Vehicles a pioneer in automotive excellence especially through its Special Vehicles division JSV is recognized for its sophisticated and innovative approach to transportation. JSV prioritizes cutting-edge design presenting a diverse fleet encompassing vehicles from vans to buses seamlessly combining co...

Plant & Equipment a premier construction equipment marketplace in the Mena region has announced the acquisition of Global Equipment Trading situated in Dubai s Jebel Ali Free Zone UAE. The integration of Global Equipment Trading into the Plant & Equipment family aligns with the company s ambitious growth strategy for the GCC and broader Mena region positioning itself as a leading online auction and advertising platform in the Middle East. Global Equipment Trading s exclusive yard within the Jebel Ali Free Zone allows heavy equipment to be transported to and from Jebel Ali Port a vital hub for regional trade and commerce. Plant & Equipment s drive to expand into a multichannel business where customers can easily buy sell or list equipment both on-site and online is highlighted by this strategic decision. The acquisition of Global Equipment Trading accelerates Plant & ...

The laboratory equipment market in the UAE is thriving according to a recent report by Grand View Research which suggests the sector will reach 1.5 billion by 2027. The report estimates that the market will increase at a CAGR of over 7% over the next three years fuelled by factors such as a rising population the growing prevalence of chronic diseases and continued investments in the healthcare sector. This upward trajectory is also reflected in the UAE s clinical diagnostic market. Currently valued at 345 million a recent study conducted by Insights 10 estimates the market to reach 592 million by 2030. Investment in medical industry sector These figures suggest that efforts by the UAE Government to promote investment in the medical industry sector are yielding positive results and t...

The office market rental growth run in the Saudi capital Riyadh is likely to continue thanks to the fast-approaching deadline for the Regional HQ (RHQ) Programme which has fuelled leasing activity according to global real estate services provider Savills. Owing to the overwhelming demand the Grade A office occupancy levels have reached 98% among the highest globally. As the preferred Grade A space runs out rental values have naturally increased - on average rents have increased by 23% y-o-y in Q3 stated Savills in its latest research report on the office market in Riyadh for Q3 2023.. Riyadh has emerged as the port of entry for most of these companies given the presence of key government entities and the availability and future supply of preferred Grade A office developments. According to Savills Saudi Arabia s economy remained buoyant throughout 2022 with GDP growth ...

Autostrad a progressive car rental company in the UAE has taken a pioneering step toward sustainable mobility by incorporating 200 Rabdan One electric cars from NWTN into its fleet thus becoming the largest electric vehicle fleet provider in the UAE. With an investment of 50 million in this initiative and ambitious plan for expanding its range of energy-efficient cars Autostrad reaffirms its commitment to environmental responsibility. All 200 newly acquired vehicles are leased for the prestigious COP 28 event demonstrating their dedication to supporting major international events with sustainable transportation solutions. Ahmed Abood Al Yafei Group CEO Autostrad highlighting the group s commitment to sustainability said: The acquisition of the Rabdan electric fleet aligns with our strategic vision for sustainable mobility. Additionally we are pleased that our affiliate company One Mobility Group shall be responsible for managing after...

Oman s real estate market has seen steady growth over the past two years driven by the notable increase in the expatriate population over the last 18 months and strategic investment in the economy. The Oman Property Report 2023 by Savills highlights the country s public debt decreasing from 65% of GDP in 2020 to approximately 40% in 2022 the positive shift in macroeconomic fundamentals and the government s focus on pro-growth initiatives infrastructure diversifying the economy investing in green energy and creating long-term economic opportunities. Oman macroeconomic & demographic overview The expatriate population in Oman which had been steadily growing until 2016 faced a downward trend starting in 2017. This decline was further exacerbated by the Covid-19 pandemic leading to a sharp drop of nearly 12% in ...

Huawei has announced that it will launch a complete set of commercial 5.5G network equipment in 2024. Huawei s Director and President of ICT Products & Solutions Yang Chaobin who made the announcement at the 5G Advanced Forum during MWC Shanghai 2023 said that the company intends that this launch will mark the beginning of the 5.5G era for the ICT industry. With service models and content continuously evolving breakthroughs in technologies like glasses-free 3D are creating unprecedented immersive experiences for users. Network capabilities However these new services continue to require stronger 5G network capabilities. The industry has widely agreed that 5.5G will be a key milestone in 5G evolution and that it is fast approaching. Huawei proposed the concept o...

Seera Group Holding s car rental and leasing unit Lumi Rental has signed a leasing agreement worth SR42 million ( 11.2 million) with Saudi Post | SPL to supply a fleet of 855 vehicles including 795 commercial vans 40 SUVs and 20 sedans. The agreement further expands Lumi s substantial footprint in Saudi Arabia s rapidly growing vehicle leasing market and consolidates its position as the vehicle provider of choice to some of the most important government agencies. The term of the agreement is effective from May 2023 for 34 months with the option to renew on mutual consent of both parties. Lumi is a fast-growing market leader in the car rental and leasing sector with a unique full-service business model backed by state-of-the-art digital channels. The Company capitalizes on its strong relationships with major international car dealerships in Saudi Arabia including Abdul Latif Jameel Motors (Toyota) Almajdouie (Hyundai) Mohamed You...

Yanmar Compact Equipment a global player in the industrial machinery and construction equipment sector has appointed José Cuadrado as its new Managing Director for the Europe Middle East and Africa (EMEA) region. Cuadrado joins the Yanmar global leadership team reporting to Giuliano Parodi the company s global CEO. In his new role he will be responsible for further developing the regional capabilities as well as driving customer success. Together with his EMEA team he will play an important role in establishing Yanmar Compact Equipment as a global leader in the compact equipment industry. Cuadrado brings with him a wealth of relevant construction industrial and automotive experience. This understanding spans general and product management aftermarket support digital transformation and strategy. In his most r...

The global construction equipment rental market is forecast to register its name in the billion-dollar fraternity down the line of seven years by exceeding a revenue of 225 billion by 2032 with a projected CAGR of 4% over 2023-2032 according to a report by Global Market Insights. The market growth is mainly driven by the rising demand for tech innovations in construction equipment for implementing the latest smart city technologies such as Internet of Things Artificial Intelligence and Machine Learning and electromobility into infrastructures stated the report by the key market research and consulting firm. Besides increasing mining and construction initiatives in Latin America are driving the adoption of construction equipment. Organizations in this industry lease out or rent construction equipment such as cranes scaffolding crane lorries work platforms graders b...

Residential properties across Dubai which are within a 15-minute proximity to metro stations can outperform the wider real estate market both in terms of property price and rental performance according to global real estate advisor CBRE. Looking at the performance of the sales market properties which were within a 15-minute walk of a Dubai Red Line metro station saw prices increase by 26.7% on average between Q1 2010 and Q4 2022 outpacing Dubai s average increase of 24.1% stated CBRE in its Dubai Metro Report 2023. The report explores the impact of the Dubai metro on residential prices and rents. More specifically it looks to determine if residential units which are within a 15-minute walking distance to Red Line stations have been able to achieve price and rental premiums or outperformance or both. As part of its methodology the property expert had analyse...

The Saudi Electricity Company (SEC) has reduced its yearly operational costs by 20% and improved its service levels to customers by upgrading its maintenance capabilities with inspection equipment from Fluke. SEC s value-based maintenance strategy which was implemented in 2014 has transformed its maintenance routines with the use of Fluke Ti32 definition thermal imaging cameras and Ti400/Ti450 portable infrared cameras leading to a reduction in power outages. Thermal imaging capability Infrared cameras are invaluable for detecting small temperature differentials and can demonstrate progressive heat changes over time allowing maintenance professionals to detect critical issues before they become failures. Fluke a global technology leader in professional electronic test and measureme...

Mammoet a leader in engineered heavy lifting and transport of large objects has delivered heavy power equipment safely for a 1.5GW combined cycle gas-turbine (CCGT) power plant in landlocked Uzbekistan. Developed by Saudi-based ACWA Power the new 1.5GW (CCGT) power plant is part of the Uzbekistan Government s plan to improve efficiency and capacity of its electricity production while boosting economic growth and reducing environmental impact. Mammoet s approach was unique. The customer took advantage of the combination of Mammoet s specialist equipment and engineering and logistics expertise to overcome obstacles and bottlenecks. End-to-end logistics solution The biggest benefit was the end-to-end logistics solution that was provided by a single company instead of having to coordinate mu...

Glimpse the region s first rental platform recently launched in Dubai allows one to rent high-end luxury jewelry to fit one s mood featuring brands such as Cartier Van Cleef Hermes Dior Chanel Tiffany and many more. With Glimpse it s simple to switch and try something new every time enabling one to alter styles as frequently and easily as they would like. Delivered and picked up by our white gloves service. All one needs to do is: Become a member Customize your Glimpse box Switch up your look For hassle-free returns Glimpse will pick it up from your doorstep office or wherever you are after you select the time slot that works for you. Whether you require a striking necklace or ring for a wedding this weekend or just want to complete your office outfit Glimpse has you covered! You can wear the ideal ...

Dubai s car rental industry reported a significant 23.7 percent growth in the number of companies registered in the first half of 2022 up from 1087 companies registered in the same period last year. A total of 78 000 vehicles were registered in H1 2022 up 11.8 per cent from 69 000 in the same period last year reported Emirates News Agency WAM. The rapid expansion of Dubai s car rental sector in H1 2022 underscores RTA s efforts in implementing Dubai s comprehensive development vision. By offering facilities and overcoming obstacles RTA is able to attract companies and investors and raise their confidence in Dubai s business environment. It also highlights Dubai s profile as a financial and business hub a place where business can be conducted in a friendly and competitive atmosphere said Abdulla Yousef Al Ali CEO of Licensing Agency of Roads and...

The uptick in demand for short-term vacation rentals in the UAE is seen to pick up speed this 2022 following the formal rollout of new visa policies implemented to spur further global tourist arrivals to the country. Nasma Luxury Stays a division of Al Tamimi Investments and a specialist in executive living and luxury vacation rentals made the statement after the government s recent introduction of the virtual working visa. The new policy was issued on the heels of the official implementation of the new UAE visa tourist rules to become effective on October 3. Dani Tabbara COO of Al Tamimi Investments said: The pandemic has transformed the way people live and work and the two visa policies are reflective of the UAE s flexibility readiness and commitment to adapt to these changes. The move will meet the contemporary demands of today s world. The one-year and renewable virtual working v...

Dubai s car rental industry reported a significant 23.7 percent growth in the number of companies registered in the first half of 2022 up from 1087 companies registered in the same period last year. A total of 78 000 vehicles were registered in H1 2022 up 11.8% from 69 000 in the same period last year reported Emirates News Agency WAM . The rapid expansion of Dubai s car rental sector in H1 2022 underscores RTA s efforts in implementing Dubai s comprehensive development vision. By offering facilities and overcoming obstacles RTA is able to attract companies and investors and raise their confidence in Dubai s business environment. It also highlights Dubai s profile as a financial and business hub a place where business can be conducted in a friendly and competitive atmosphere said Abdulla Yousef Al Ali CEO of Licensing Agency of Roads and Transport Authority (RTA). Following pe...

Average residential rents in Dubai increased by 23.7% in the the 12 months to July 2022 representing the highest annual rate of growth since May 2014 a report said Average apartment and villa rents increased by 23.5% and 24.8% respectively said the CBRE report. As at July 2022 average apartment and villa rents stood at AED86 713 and AED260 949 per annum respectively. In the rental market the highest average annual apartment and villa rents respectively were found in Palm Jumeirah where asking rents on average were AED219 769 and in Al Barari where asking rents on average were AED925 010. Meanwhile the total volume of transactions in Dubai s residential market reached 6 524 in July 2022 up 58% from a year earlier. Over this period off-plan sales increased by 59% and secondary market sales by 57.1%. Total transacti...

Zain Bahrain a telecommunications industry innovator in the kingdom has announced its new six-month free rental offer of Fiber broadband for its new customers. The new customers will get to enjoy unlimited data with download speeds of up to 1Gbps and upload speeds of up to 500Mbps. In addition they will also enjoy free OSN streaming for one year and additional data on their mobile lines while subscribing to fiber. It is open for those customers who switch their fiber lines from other networks and subscribe to selected Zain Fiber broadband plans said a statement from Zain. The same offer is available with the 5G Home broadband plans; customers switching their 5G line will enjoy six months of free rental high-speed internet unlimited data free OSN streaming for one year and up to two free additional sharing SIM and more it added. ...

The global material handling equipment market size is set to register significant growth through 2027 due to the growing labour costs says a study by market research firm Graphical Research. The Covid-19 pandemic had a negative impact on the availability of labour force as several travel restrictions imposed by governments prompted organizations to implement automation technologies in their supply chain processes to replace manual labour and save costs said the report. Material handling equipment facilitates faster product transfers and can assist companies in reducing their labour force to make their processes more efficient it added. According to the study region-wise Asia-pacific is expected to dominate the sector where it is expected to reach a valuation exceeding 80 billion by 2027.This will be followed by Europe which will surpass 55 billion and North America will cross 40 billion by the for...

dnata a global provider of aircraft ground handling cargo travel and flight catering services and part of the Emirates Group is targeting to replace all its vehicles diesel units and GSE equipment with electric ones. The company aims to become carbon neutral reduce general cost and maintenance cost. dnata has set up e-Apron a sustainability zone at the 21st edition of Airport Show at the Dubai World Trade Centre (DWTC) providing opportunity for electric/hybrid Ground Support Equipment (GSE) and Ground Handling Equipment (GHE) manufacturers to showcase their latest innovations. Reducing the carbon footprint is a key target for dnata as a world-leading air and travel services provider at 129 airports. We expect exhibitors from across the world to be joining the efforts to make their operations sustainable to ensure a better future said Raed Younes Vice President for UAE and Regional Business Development at dnata....

Sales of print equipment in the Middle East and Africa will reach an estimated AED1.6 billion ( 435 million) in 2026 powering the industry to a period of modest growth in the post-pandemic era a report said. Amidst this positive window of opportunity leading manufacturers of print equipment have confirmed to showcase their latest products and solutions at the forthcoming Gulf Print & Pack exhibition the leading trade show for the commercial and package printing sectors in the region scheduled to take place on May 24-26 at the Dubai World Trade Centre. Industry stakeholders are expected to capitalize on the growth potential of the industry as outlined in the Smithers Pira report titled The Future of Print Equipment Markets to 2026. Among those confirmed to participate include Konica Minolta Business Solutions Middle East which will be introducing a new addition in their Mid Production segment along with Automated Color Managemen...

Innovation is required to deliver electrification across the 200 billion construction equipment sector and forward-thinking firms are already committing effort and resources to meeting these challenges. IDTechEx s new report Electric Vehicles in Construction 2022-2042 forecast that the electric share of the construction vehicle market will be worth more than 100 billion per year by 2042. The end goal for electric construction machines is all-electric systems entirely replacing hydraulics and in their place using electric actuators and drive motors. Complex challenges To undertake the same tasks as equivalent diesel machines powertrain elements in electric construction vehicles need to be sized to deliver the same performance. This requires the mot...

Byrne Equipment Rental said it had successfully organised an in-person product open day last week at its Abu Dhabi facilities located in the heart of Musaffah after almost two years of restrictions due to the Covid-19 pandemic. A leading supplier of rental equipment including power rental solutions in GCC Byrne has 20 operational bases a fleet of well over 14 000 items of plant and a team of 1500 people. It offers high quality equipment rental solutions to a broad variety of sectors including but not limited to: oil and gas construction and infrastructure events industrial and manufacturing retail and commercial and marine and ports throughout the GCC. Steve Caygill Regional General Manager UAE and Oman and Group Head Specialist Divisions said: Doors opened at 9am and clients were invited to come along and view Byrne s e...

Petronash Group an engineering solutions provider to the energy industry and ALCO Gas and Oil Production Equipment from Canada have announced their strategic partnership to design build and deliver processing equipment for the oil and gas industry in the Mena region. Petronash established in 2000 has over 20 years of experience in design manufacturing installation and services of engineered packaged equipment with advanced manufacturing facilities in the UAE Saudi Arabia and India. ALCO is known for its packaged natural gas facilities including carbon capture flare gas recovery sulphur recovery dewpoint control amine sweetening HC fractionation molecular sieve glycol dehydration and inlet separation. It is also renowned for its robust process engineering prowess organisation and infrastructure. Having built their core compete...

The Lifting Equipment Engineers Association (LEEA) has cancelled its flagship event LiftEx Bahrain amid global uncertainities due to the Covid-19 pandemic. The two-day event was due to kick off in Bahrain on March 21. The LEEA is the leading representative body for all those involved in the lifting industry worldwide. It is the authoritative representative body for its members who work in every aspect of the industry - from design manufacture refurbishment and repair through to the hire maintenance and use of lifting equipment. Announcing this today (January 27) LEEA said the decision comes following discussions with its board members. Whilst there has always been considerable interest in the event from both global and local vendors it has become clear that mostly for reasons due to the global pandemic there is not enough commitment...

The GCC construction equipment/machinery rental market which was valued at 3.77 billion in 2020 is poised for solid growth and is expected to reach 5.48 billion by 2026 growing at a CAGR of 6.15% over the next five years said a report by ResearchAndMarkets.com. The Covid-19 pandemic hindered the growth of construction machinery/equipment market across GCC region owing to shut down of manufacturing facilities and halt of investments into infrastructure sector. However post-pandemic as economic activities resumed the market expected to gain momentum during the forecast period it stated. Some of the major driving factors are the construction sector s growth in the region increasing demand for cranes and developing trends toward automation and telematics. According to the report the renting or leasing of construction equipment has...

Dubai s Roads and Transport Authority (RTA) has launched an online Transportation Activities Rental System (TARS) to serve the car rental system in the emirate. The system aims to bring more happiness to corporate and individual clients by improving the level of services provided to them. RTA said it has completed the development of the key features of the system and activated it for use by all companies. It has also completed the registration of all companies and entered up all valid contracts into the system. Also 989 car rental companies in Dubai have been given training on the system and familiarised with its features. RTA said it will soon start training new companies that do not have systems of their own. RTA Licensing Agency CEO Abdullah Yousef Al Ali said: This new system charts ...

Nakheel Home Rental the residential leasing arm of master developer Nakheel has opened a new customer service centre to showcase its full range of properties across Dubai and as a special inaugural offer it is giving a month s free rent on all new leases. Located at Ibn Battuta Mall the new office provides a convenient one-stop-shop for new customers looking to rent a property with Nakheel which has a portfolio of more than 16 000 apartments and over 500 villas for families and budgets of all sizes said the developer in a statement. New leases come with 13 months rent for the price of 12 with flexible payments and multiple cheques also available it added. Omar Khoory Chief Assets and Hospitality Officer said: We continue to enhance our offerings by responding to market trends and customer needs. Located at Ibn Bat...

Dubai along with Miami (US) and Moscow (Russia) had emerged as the big three among the 30 cities which recorded the highest levels of rental growth over the first half of 2021 in the World Cities Index compiled by leading global real estate advisor Savills. The latest report by Savills evaluated the rental values and yields reported for prime residential properties across the globe. However the overall results from the report indicate an average increase of just 0.5% across the cities and a 1.8% drop over 2020 due to global restrictions on travel thereby reducing global demand stated Savills in its report. Due to the vast array of development causing a significant oversupply in the market Dubai rental prices have been on a steady decline over the last six years. Last year witnessed the worst decline with a 12% drop in rents ove...

The resurgence of the UAE s real estate market continued in Q2 with some segments seeing double-digit growth in sales prices according to property management expert Asteco. The villa rental and sales rates in Abu Dhabi and Dubai continued to surge with sales prices in certain segments expanding by almost a quarter in the period under review stated Asteco in its Q2 2021 UAE Real Estate Report. Abu Dhabi Residential and Office Real Estate Market The report said that developers delivered approximately 2 070 apartments and villas in Q2 in capital particularly within Yas Island and several buildings in Al Raha Beach. The report notes that more than 9 350 residential units are set for handover by year-end; however some projects are likely to experience delays and spill over into 2022. div...

Motorcity the exclusive distributor of Maxus (SAIC GROUP) in kingdom of Bahrain has delivered a fleet of Maxus V80 16-seater vans to Value Car rental a leading long-term leasing company in Bahrain. General Manager of Motorcity Arun Kumaar handed over the fleet to Value Car Rental Chairman Abdul Hameed Janahi at the Motorcity Service Centre in Maameer. The Maxus V80 perfectly fits the business needs of leasing companies especially in the corporate sector where reliable and comfortable seating is important to business owners. The full range of Maxus vehicles are available at the Motorcity Commercial showroom in Nuwaidrat. -- TradeArabia News Service ...

Losberger De Boer a leading provider of integrated temporary and semi-permanent space solutions has announced the appointment of Francis Scholten as the new managing director for its rental projects division one of the four key units within the Germany-based group. After starting as account manager for international projects in 1999 Scholten gained extensive experience in the event rental business with high profile international projects such as the Asian Games Olympic Games Volvo Ocean Race and UEFA Championships. In 2018 she was appointed the managing director of the company s international projects in those countries where no permanent Losberger De Boer organization was present. In 2019 the Middle East region with the UAE Saudi Arabia and Qatar was added to her responsibilities. Despite the major impact of the Covid-19 pand...

Inter Emirates Motors (IEM) official distributor of MG cars in the UAE and subsidiary of Ali & Sons Holding has supplied more than 100 MG cars to EuroStar Rent a Car a leading car rental company in the UAE. The diverse range of MG vehicles has been the latest addition to Eurostar s 2 000 units strong fleet. EuroStar Rent a Car is on track to add more MG models to its UAE fleet in 2021 and with the first batch delivered has already seen a 100 per cent booking rate on all MG models within their portfolio. Amr Fawzy General Manager EuroStar Rent a Car said: MG has proved that their cars are as iconic as ever with their practicality affordability and style. The MG cars are indeed a great addition to the automotive industry in the UAE. The range of MG cars added to the EuroStar fleet was well-received and has increasingly become popular among our customers. Customers described MG cars as practical and very comfortable to drive ...

Brimmond Group the independent integrated engineering company is celebrating its 25th year in operation with an increase in turnover rental contracts and rental revenue for this year s first quarter as a result of continued global demand for its services. The Aberdeenshire-based provider of hydraulic pneumatic mechanical and electrical solutions has seen a 6% increase in whole business turnover for 2021 and over first quarter of this year a 35% increase in contracts for its rental equipment fleet compared to the same Q1 period of 2020. Tom Murdoch Engineering Director at Brimmond Group said: This success is testament to the in-house skills at Brimmond Group as well as our hard-earned global reputation for pushing boundaries and developing engineering solutions tailored to meet our customers needs no matter the brief. At year end 2021 t...

Nasma Luxury Stays a division of Al Tamimi Investments and a specialist in the executive and vacation rentals sector has opened its portfolio to support investors and property owners seeking to maximise return on their secondary property assets. With the vacation and short-term property rental market growing substantially Nasma Luxury Stays has redefined their business model to ensure that property owners get the maximum return on their investment while having the flexibility to use their second home for their own purposes and at their convenience. Nasma Luxury Stays property portfolio features homes in Dubai s premier locations including Dubai International Financial Centre Business Bay Downtown Dubai City Walk Dubai Marina Jumeirah Beach Residence and Palm Jumeirah. The company also manages properties in vibrant lifestyle destinations such...

Byrne Equipment Rental a leading supplier of rental equipment including power rental solutions in the GCC region recently carried out the first IPAF operator PAL card training in the Middle East. Based on a new module from the International Powered Access Federation (IPAF) the training focused on the safe operation of all mast climbers and not limited to just one OEM specific. The IPAF training programme is globally recognised developed by leading industry professionals and available in multiple languages across a worldwide network of more than 750 IPAF-approved Training Centres. This followed on from the company s successful training at carrying out the first ever IPAF Hoist training in the Middle East which took place at the beginning of this year. According to Byrne PAL card is a powered acce...

Mammoet the world s largest engineered heavy lifting and transport service provider has announced that it has formally acquired Land & Marine s linear winch fleet and associated pipe pulling equipment from J Murphy & Sons. The purchase of the winches by Mammoet includes two state-of-the-art 800 tonne capacity linear winches which are unique to the industry their innovative design is patented and allows socket passing under load as well as utilizing advanced hydraulic controls for accurate monitoring. This results in less downtime and increased project efficiency. Also added to the Mammoet portfolio are several smaller linear winches ranging from 100 T to 300 T and a range of drum winches. The equipment will be added to Mammoet s Offshore Services equipment fleet said the company in a statement. This latest additio...

The global construction equipment rental market is poised for tremendous growth mainly driven by the robust adoption of technologically integrated equipment in rental fleets in key markets of North America Europe and Asia Pacific according to a report by Graphical Research. Technological innovations including telematics and driver assistance systems will further propel the business outlook. With the expanding consumer base of earthmoving & roadbuilding equipment in the US Canada and Mexico loaders will witness bullish demand in the region. The trend for loading materials such as clearing rubble trucks and digging will bolster the product adoption to move and lift heavy objects. The North America construction equipment rental market share from the loaders subsegment will grow at a significant rate in the next few years partly attributed to the innate ab...

Smiths Detection a leading threat detection and security technology company will supply a full suite of passenger baggage screening equipment for Kuwait s new International Airport Terminal 2 which is currently under construction. The contract includes the supply and installation of 70 x Hi-SCAN 6040 CTiX computed tomography (CT) X-rays which allow passengers to leave electronic devices and liquids in their baggage. Terminal 2 which is intended to become an international transit hub will have the ability to handle 25 million passengers annually. Smiths Detection s leading-edge technology will help ensure the quick and thorough screening of passengers passing through the terminal. Jerome de Chassey Vice President APAC and Middle East said: Following on from the successful award of the hold baggage screening equipment last year we are proud to be con...

ROV specialist Film-Ocean based in Aberdeenshire UK has recently invested a six-figure sum in a Schilling Heavy Duty Work Class ROV (Remote Operated Vehicle) and plans to grow its workforce to support the company s ambitious growth plans. The Schilling Heavy Duty Work Class ROV is capable of operating at depths of up to 4 000 m and is supported by an Active Heave Compensation Launch and Recovery Systems (AHC LARS). It is a highly manoeuvrable vehicle capable with a large payload. The HD Work Class ROV is well known within the industry as a high specification vehicle making it an ideal system for IRM construction support and decommissioning work scopes especially in deeper waters. The Schilling Heavy Duty Work Class ROV is a great addition to our growing fleet and will enhance the services that we can offer our global clients. Our clients are operating in greater wa...

Smiths Detection a leading threat-detection and security-technology company said it has secured a key contract to supply a full suite of passenger baggage screening equipment for Kuwait s new International Airport Terminal 2 which is currently under construction. The contract includes the supply and installation of 70 x Hi-Scan 6040 CTiX computed tomography (CT) X-rays which allow passengers to leave electronic devices and liquids in their baggage. Hi-Scan 6040 CTiX offers advanced screening of carry-on baggage using computed tomography (CT). It has TSA AT-2 and CPSS certification as well as ECAC and STAC EDS CB C3 approval. Smiths Detection said the C3 approved systems deliver a very high level of explosives detection expediting screening and making the whole process less stressful for passengers. Also the Hi-Scan 6040 CTiX...

Global drilling equipment service group RigQuip Drilling Services has signed an agreement with Zamil Shipyards to set up its drilling equipment service facility in Dammam Saudi Arabia. Launched in 2006 RigQuip is a privately owned business which specialises in drilling equipment engineering service and parts and has a global presence with operations in the UK UAE Singapore US and Mexico. Zamil is a leading shipyard in Saudi Arabia that services both the Arabian Gulf and Red Sea regions offering full maintenance repair and operation shipyard services. This collaboration will offer both companies clients drilling equipment inspection and service combined with berthing and full maintenance repair and operating shipyard services said a statement from RigQuip Drilling Services. The partnership a first-of-its-kind in the...

Terex Aerial Work Platforms (AWP) has appointed Galadari Trucks & Heavy Equipment Company (GTHE) a flagship subsidiary of Dubai-based Galadari Brothers as the new distributor for its Genie telescopic and articulating boom lifts as well as scissor lifts in the UAE. GTHE is a leading provider of equipment for heavy earthmoving road construction power systems and materials handling sectors in the UAE. For the Emirati group infrastructure construction and maintenance are the growth sectors where aerials are under increasing demand. Thanks to a large planned stock of Genie machines this new agreement offers customers easier and faster access to Genie equipment backed by the support of a strong sales and service partner with an excellent reputation in the UAE market said a statement from Terex. Supporti...

The global construction equipment rental sector is poised for solid growth over the next five years with its market value likely to surge to more than 155 billion by 2026 from its present 120 billion gaining remarkable traction over the 2020 to 2026 period according to a recent study from market research firm Global Market Insights. The market for renting equipment has surged over the recent years with some construction firms buying as well as maintaining large fleets of equipment. Other firms select to lease these assets and in some instances they buy select pieces at the end of the arrangement. Renting equipment has become one of the feasible options for numerous companies and gives them the capability to reduce costs and operate a more financially settled construction business said the Global Market Insights report. The construction rental equipment market is likely...

Abu Dhabi National Oil Company (Adnoc) has announced that its shipping and maritime logistics arm Adnoc L&S has acquired all of the UAE-based assets of Speedy Hire a leading UK-based company providing tools and equipment hire for the oil and gas construction and industrial sectors. As per the agreement Adnoc L&S will take ownership of Speedy s equipment stock and other fixed assets relating to its Middle East business the company said in a statement on Monday. The strategic buy will add more than 2 000 pieces of equipment including cranes forklifts firetrucks and other high-value machinery used for offshore and onshore material handling services to Adnoc L&S asset base. It involves a transitional services agreement with Adnoc L&S for up to four months to support the transfer of assets. During this time Speedy s UAE-based employees wil...

Luxury residential and hospitality property developer Seven Tides has launched attractive new rental rates with a two-month rent free period valid until until March 31 for new tenants at Discovery Gardens and The Residences at Ibn Battuta Gate. Unveiling the scheme Seven Tides sad tenants can also take advantage of a 20% food and beverage discount at the adjacent five-star Oaks Ibn Battuta Gate Dubai Hotel. In addition the popular Ibn Battuta Mall the largest themed mall in the world which has close to 400 stores as well as a multi-screen cinema and a comprehensive food court is only a short walk away it stated. The developer said at its Discovery Gardens that offers a cosmopolitan style of living new tenants can secure a one-bedroom apartment with balcony for as little as AED44 000 (11 977) spread over 14 months and inclusive of chiller fees. div...

HMi Elements has launched the oil and gas industry s first hazardous location-certified computer rental offering. Initially HMi Elements is offering its 1302 model that is IECEx ATEX CSA Canada and EAC Russia certified for use in Zone 2 hazardous areas. It is a slim and lightweight computer with a super bright 19-inch 1 000-nit multi-touch glove-friendly touchscreen. The rented 1302 is equipped with Ethernet and Wi-Fi as standard and has Windows 10 LTSB installed. Global deliveries will be despatched the same day from HMi Elements offices in Houston US and North Yorkshire UK. HMi Elements is a specialist that has designed and manufactured hazardous area-approved computers for the world s leading oilfield services companies and their customers for the past 30 years. The move to offer a r...

Germany has signed up Dubai-based Liberty Fire & Safety Equipment Trading to deploy the group s WES wireless temporary fire detection and alarm system at its country pavilion for the upcoming Expo 2020 event in Dubai. This makes the German Pavilion the latest in a long list of pavilions at the prestigious site to rely on WES for unrivalled fire protection during the construction process said the statement from the company. Liberty Fire & Safety Equipment Trading is a major distributor of the WES wireless fire alarm range a system designed to protect construction sites industrial properties temporary buildings and pop-up venues worldwide. Designed and manufactured by UK-based Ramtech a specialist wireless technology business the innovative WES range is a wireless temporary fire alarm system developed specifically for the construction industry a...

Abu Dhabi s residential property market too witnessed a turbulent 2020 as other global markets. It slightly declined during the peak of the Covid-19 pandemic but normalised fairly quickly bringing stability to the industry according to Property Finder a leading property portal in the UAE. It was a turbulent year in 2020 for all real estate markets but as far as asking prices in both the rental and sales for the capital city they remained quite normal it stated. 2020 was quite interesting to say the least overall. When it comes to residential real estate we at Property Finder predicted pent up demand from the beginning. Abu Dhabi trends saw people migrating to larger properties and villa/townhouses with outdoor space. This has been a trend we have seen around the world remarked Lynnette Abad the Director of Research & Data at Property Finder. d...

GE has secured an order expected to deliver more than one gigawatt (GW) of power generation equipment for Tongyeong combined cycle power plant in South Korea. For the project GE will supply two of its industry-leading 7HA.02 gas turbines one STF-D600 steam turbine two Heat Recovery Steam Generators (HRSG) and three H65 generators. In addition to the equipment GE signed an 18-year services agreement to provide maintenance services for the 7HA.02 gas turbines and generators. The new plant to be located at Anjeong Industrial Park in Tongyeong City will deliver the equivalent electricity needed to power more than 1 million Korean homes. The construction is set to begin in 2021 by Hanwha Engineering & Construction (Hanwha E&C) with the start of commercial operations expected in 2024. We are pleased to work for Tongyeong combined cycle power plant project to support Korea s growing energy demand in the most ef...

US-based Wavefront Technology Solutions an oil field service provider has entered into an equipment rental agreement with a multinational oilfield services company for the distribution of Wavefront s Powerwave well stimulation technology in Saudi Arabia. Under the terms of the initial one-year agreement commencing December 21 2020 Wavefront will provide certain Powerwave well stimulation technology to the client for distribution to its customers in the Kingdom. Wavefront revenues at various Powerwave tool rates will be recognized over time when the Powerwave tools are rented to underlying exploration and production (E&P) companies. We are very pleased to have entered into the equipment rental agreement with the multinational oilfield services provider for an additional distribution channel in the Kingdom of Saudi Arabia. The Company looks forward to working towards receiving a larger general services agreement ...

Despite a quarterly rise in property sales during the third quarter Dubai s real estate market is expected to face further challenges in both the rental and sales market according to leading international property consultancy firm Chestertons. There had been increased sales activity in the third quarter which rose by 50% Q-on-Q largely attributed to pent up demand from Q2 along with developer promotions offered to clear built but unsold inventory stated Chestertons in its latest Observer: Dubai Residential Report Q3 2020. Total transaction volume was down 21.7% from Q3 2019 it added. Apartment prices fell 3.4% Q-on-Q an increased rate of decline from the previous quarter while villa sales prices witnessed a marginal fall of just 0.2% said Chestertons in its report. In the rental market apartment rental rates fell by 3.6% whereas villas saw declines of ...

The Integrated Transport Centre (ITC) in Abu Dhabi said that companies operating electric scooters (e-scooters) rental services in Abu Dhabi would be able to gradually resume the service by 25% capacity at specific districts of the city. Services will start at Al Reem Island Al Maryah Island Al Zahia Al Dana parts of Al Bateen Corniche and Marina starting from October 12 reported state news agency Wam. The resumption of e-scooters rental service is conditional on the compliance with the health precautions and safety measures for tackling the outbreak of Covid-19 in the Emirate of Abu Dhabi as set by the National Emergency Crisis and Disaster Management Authority. The preventive measures and controls set by the ITC include maintaining the health and safety of e-scooter riders and staffs of operating companies conducting periodic checks of all personnel of operating companies to verify that they are free from the virus and obligi...

Sparrows Group a global provider of specialist equipment and integrated engineering services to the oil and gas renewables and industrial sectors has secured a three-year contract renewal to supply a rental crane to Vedanta Resources extending its relationship with the company to nine years. A Sparrows-manufactured ECR-20 crane will be mobilised to the Lakshmi and Gauri oil and gas fields of Cairn Oil and Gas located off the west coast of India near Cambay basin in Gujarat. Vedanta has been operating these blocks since 2017 following the merger of Cairn India with Vedanta Limited. The crane will be used to support well service operations across multiple platforms in the fields. As part of the workscope Sparrows will also conduct various upgrades on the crane which has been operated by Vedanta since 2011. The enhancements will include a new boom winches lifting sheaves l...

The crisis arising out of Covid-19 will lead to economic setbacks across the board in the US and the manufacturing industry has been heavily impacted. Declining exports and difficulty in planning are leading to uncertainty in the manufacturing industry. However Equipment-as-a-Service business models are becoming increasingly popular. The global nature of the pandemic has led to bottlenecks in supply chains turnover and orders. To learn more about the current situation relayr a global industrial internet of things (IIoT) company worked with the research firm forsa to survey over 200 leaders in the US and Germany manufacturing industries. Topics ranged from how the crisis affects their operations and how they re dealing with challenges presented by the pandemic to their assessment of future economic development. di...

The Saudi construction equipment market is poised for solid growth over the next five years thus registering a CAGR of 4.79 per cent during the forecast period of 2020-2025 according to a new survey by Reportlinker.com. Saudi Arabia is one of the fastest-growing nations in the GCC region. The low and middle-income groups of people in the country and the government s significant efforts in constructing new residential buildings are the factors driving the demand for construction machinery market. The construction sector had experienced a strong rebound in 2019. However the outbreak of Covid-19 has affected the growth of the construction sector negatively. As the construction sector is labor intensive it requires a significant number of laborers. Currently the prevention of the spread of Covid-19 is of paramount concern. This concern along with the ...

South Korea s Doosan Heavy Industries & Construction Company has secured a contract worth 70 billion ( 58 million) for supply of power-generating equipment for a project in the UAE reported Pulse News. As per the deal Doosan will provide a 270-MW steam turbine and a 540-MW generator for a liquefied natural gas (LNG) combined cycle power plant under construction in Fujairah UAE stated the report citing a company statement. South Korea s Samsung C&T Corp is participating in the 2 400 MW power plant project as an EPC contractor it added. ...

Siemens has been awarded an order from Danish customer Semco Maritime to provide the main electrical equipment for the electrical service platform (ESP) of the offshore wind project Mayflower Wind LLC (Mayflower Wind). The project is located in a federal lease area approximately 25 miles south of Nantucket Massachusetts in the US and will have a capacity to generate up to 1.6 gigawatts (GW) of renewable energy. Siemens will supply the components for Semco Maritime by 2022. Earlier this year a joint venture between the Danish companies Bladt Industries and Semco Maritime was chosen by end customer Mayflower Wind a joint venture of Shell & EDP Renewables to design and construct the electrical service platform of the offshore project Mayflower. Semco Maritime has now awarded Siemens with the contract for the delivery of the high-voltage electrical equipment for the ESP including three 275 kV / 265 MVAr shunt reactor...

Siemens Gas and Power was recently awarded a contract to supply three SGT-300 industrial gas turbine generators (GTG) three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors for the Petronas Kasawari Gas Field Development Project in the South China Sea offshore Sarawak in Malaysia. The customer Malaysia Marine and Heavy Engineering (MMHE) has formed a joint venture with TechnipFMC to execute this work with Petronas Carigali Sdn Bhd (PCSB) as the end user. With an estimated recoverable gas resource circa three trillion standard cubic feet (TSCF) the Kasawari field is one of the most significant gas discoveries in Malaysia. Once in production the field will produce up to 900 million cubic feet per day (mmcfd) of gas which will be delivered to the Petronas LNG Complex in Bintulu Sarawak. The three SGT-300 GTG units will have dual-fuel capability. Each turbine wi...

India s top engineering and construction firm Larsen & Toubro (L&T) said its key subsidiary L&T Heavy Engineering has successfully delivered critical equipment to its customers in the UAE and Oman besides other key markets of China and France during lockdown. The heavy engineering arm of Larsen & Toubro ensured dispatch of critical reactors coke drums and sub-assemblies of nuclear fusion reactor for their global clients during the lockdown period in India from beginning of last week of March. During this period a final consignment of 4 (out of total package of 16) ARDS Reactors for Refinery modernization project for clean environment friendly fuels to Adnoc Abu Dhabi were delivered by the company said the statement from L&T. The final 4 coke drums part of package of critical hydrocracking reactors for Duqm Refinery in Oman and 2 Ethylene Oxide Re...

There has been a spurt in the rental relocations in Dubai and Sharjah despite Covid-19 mainly fueled by tenants looking to reduce their rental obligations by moving into less expensive localities or those looking for larger units with balconies and outdoor spaces amid lockdown said UAE-based Sultan bin Ali Al Owais Real Estate (SAO). A holistic real estate conglomerate SAO specifically develops properties to rent and owns and manages a portfolio of over 2500 properties across the UAE. Established in 1972 it has now grown to become a prominent real estate company that offers several key services such as facilities management and security under its own umbrella through offices in Dubai and Sharjah. The Emirati group is known for its emphasis on long-term rental ethos and retention of residential tenants exceeding 20 years and in fact it was one of the first companies ...

Doosan Bobcat a world leader in the manufacture of compact construction machines said one of its units Doosan Portable Power (DPP) said it has delivered over 2 million worth of new portable compressors to Machinery Rental Alternatives Company (Ejar) a leading rental business based in Jeddah Saudi Arabia. Ejar provides customers in Saudi Arabia with exceptional short and medium-term rental solutions. With an array of products including air compressors generators trucks lift trucks cranes and welding machines the company offers affordable turnkey solutions for everyday rental needs. The Doosan portable compressors have been supplied by Tamgo the authorised dealer for DPP in Saudi Arabia said a statement from Doosan Bobcat Europe Middle East and Africa (EMEA). The new order is for 50 Doosan 9/235HA portable compressors each providing 23.4 m /min (...

In an ongoing effort to find innovative solutions to the challenges presented by the Covid-19 pandemic Mubadala Healthcare has reached out to NYU Abu Dhabi (NYUAD) to utilise its 3D printing and Core Technology Platform capabilities to meet the growing demand for critical medical supplies. In a statement today Mubadala Healthcare said the aim of the initiative is to act proactively by meeting immediate needs but in a sustainable way. The new 3D printed masks will be similar to the top-rated N95 mask but reusable and with replacement filters it said. Hasan Jasem Al Nowais Senior VP at Mubadala Healthcare said: This collaboration is aligned with Mubadala Investment Company s #WeAreDedicated campaign launched as a Covid-19 response strategy to find ways to collaborate across diverse enterprises and sectors to protect the community and support the UAE governm...

IIndia s construction equipment market is poised for solid growth over the next five years and is projected to reach 4.7 billion by 2025 owing to high demand for construction equipment especially in the earth moving segment according to TechSci Research a research-based global management consulting firm. Over the next five years construction equipment sales are expected to grow on account of rising demand from commercial projects and mining housing and agriculture sectors it stated. The competition in India construction equipment market is expected to intensify in the near future owing to continuing collaborations among construction and technology companies coupled with strong and expanding sales network of leading players across the country. In addition government is also supporting the construction equipment market by liberalising taxation policies for construc...

Airbnb hosts around the world have been losing the vast majority of their bookings in recent months and many of them need a reliable form of income sooner rather than later. A growing number of hosts have deleted their Airbnb listings to make way for month-to-month leasing says GlobalData a leading data and analytics company. Ralph Hollister Travel & Tourism Analyst at GlobalData commented: Former Airbnb hosts are now listing their properties on longer term rental platforms. In the US hosts are using listing services like San Francisco-based month-to-month rental service Kopa and Austin-based full-home medium-term rental platform Homads. The worry for Airbnb is that hosts may not return to the company when the impact of Covid-19 lessens. Jack Forbes CEO of Kopa stated that rental sites such as Airbnb have an average annual occupancy rate of unde...

UAE-based Emirates REIT one of the largest shari a-compliant real estate investment trusts has registered a rental income of 64.5 million for the year ended December 31 2019 up 5.1 per cent over last year. A Dubai-based REIT investing principally in income-producing real estate in line with Shari a principles Emirates REIT is being managed by Equitativa a leading regional asset manager. Announcing Emirates REIT s end of year operating and financial results for 2019 Equitativa said it had registered an increase of 4.2 per cent in total property income which rose to 72.9 million and a 10.2 per cent growth in net property income which surged to 58.7 million. Ebitda for the year marked a 2.5% year-on-year increase to hit 33.4 million it added. However the Emirates REIT s performance has been seriously impacted by prud...

Leading South Korean engineering firm Doosan Heavy Industries and Construction Company said its Vietnamese unit Doosan Vina has successfully exported three huge desalination devices weighing over 2 000 tonnes to Bahrain. The three devices - evaporator Final-Effect and seawater deater - were delivered by Doosan Vina for the Bapco MED project as part of a deal inked with Samsung Engineering Construction Limited in 2018. This equipment will be used to heat and desalinate seawater into distilled water at Bapco said the statement from Doosan Heavy Industries and Construction Company. Last month Doosan Vina had exported the last 15 modules weighing a total of 2 508 tonnes to a refinery being developed by Samsung Engineering Company in the UAE. The completion of the two major orders amid the Covid-19 pandemic represents a major success for the company ...

Oman s Ministry of Commerce and Industry (MoCI) has successfully produced medical equipment using 3-D printing technology as part of the national efforts to combat Covid-19 coronavirus outbreak said a report. The project has been carried out by MoCI in cooperation with the Public Establishment for Industrial Estates (Madayn) Oman Technology Fund (OTF) and a number of small and mid-sized enterprises specialising in 3-D printing technology the Oman Daily Observer report said. It has also coordinated with a plastic production factory to provide plastic materials to produce protective gear as per the standards stipulated by the ministry of health and the Directorate General for Standards and Metrology (DGSM). Further the MoCI pointed out that it welcomes all initiatives that would serve the health sector in particular and other sectors in general under the current situ...

H&M Group is quickly arranging for its supply chain to produce personal protective equipment to be provided to hospitals and health care workers to help tackle the widespread effects of the COVID-19 pandemic. H&M Group will utilise its supply chain capacity including its widespread purchasing operations and logistics capabilities in order to start delivering as soon as possible. The company s supply chain teams around the world are now collectively supporting in these initial efforts to support countries and communities around the world. After CEO Helena Helmersson reached out to the EU to understand the needs and to offer the company s help H&M Group immediately started to prepare production of personal protective equipment for healthcare providers. The Coronavirus is dramatically affecting each and ev...

UAE-based real estate developer and asset management company Sultan bin Ali Al Owais said it has estabished a short term rental division to cater to the anticipated demand during the Dubai Expo 2020. The Emirati company which has offices in Dubai and Sharjah specifically develops properties to rent and owns and manages a portfolio of over 2 000 properties across the country. The new division is being launched with 250 short term rental units and all properties are located within accessibility and proximity to the Expo 2020 site. The move to expand to short term rentals comes in line with the world s most anticipated event; the Dubai Expo said a top official. Coming from a heritage of real estate development where we build for the purpose of renting out our principal audience is predominantly made up of expats looking f...

Red Sea Gateway Terminal (RSGT) a world-class terminal spearheaded by the Saudi Industrial Services group SISCO has announced the arrival of the first consignment of new advanced terminal equipment. The terminal will have an initial investment of SR1 billion ( 266.7 million). The consignment includes terminal trucks and trailers that will accelerate and speed up port and quay operations at the Northern Part of Jeddah Islamic Port (JIP) the biggest and busiest port in Saudi Arabia. Jeddah Islamic Port is the primary port of call and trade conduit for trade and shipping in and out of the Kingdom via the Suez Canal. The delivery of the new advanced machinery follows the recent signing in December 2019 of the 30-year concession mega contract valued at SR6.6 billion ( 1.75 billion) by RSGT with the Saudi Port Authority (Mawani) to redevelop and modernise the Northern Part of Jeddah Islamic Port. The new Terminal Tr...

Samana Developers a Dubai-based boutique real estate developer has announced a 24 per cent guaranteed rental returns for its 27.2-million Samana Hills and the 27.2-million Samana Greens projects located in Arjan Dubailand. The 24 per cent yield makes Samana Developers projects attractive for end-users and investors alike. The easiest to avail 10 per cent down-payment and over 90 months instalment scheme makes it simple for the investor to pay and earn rental yields. In addition investors are particularly interested in the eight per cent net return that is given by the developer once the unit is fully paid. The higher than banking lenders return makes Samana Hills and the almost-complete Samana Greens projects a highly lucrative proposition for investors at much sought-after locations in Dubai. The five-storey Samana Hills project has a mix of studio one- and two-bedroom apartments that will be delivered by the fourth quart...

Dubai s real estate market could be seeing the first signs of growing market confidence said property services provider Chestersons as a result of a notable slowdown in apartment sales price declines and the stabilisation of rental rates. Transaction values for the year also underscored the positivity in the market with completed units witnessing a 60 per cent increase compared to 2018 and off-plan units recording a 99 per cent increase during the same period Chestersons added in its new report titled Observer: Dubai Market Report Q4 2019 . The volume of transactions was similarly positive in 2019 for completed and off-plan units with a 39 per cent and 68 per cent increase compared to 2018. While green shoots are visible supply is still the single biggest contributor to declining residential prices in the Emirate 45 000 completed units were delivered in 2019 - the highest number of unit...

Increasing demand for holiday homes rental along with Dubai s increasing attraction as a luxury holiday destination and the opportunities offered by Expo 2020 has seen Dream Inn increase its property portfolio by 25 per cent. The company also welcomed the announcement by the UAE Government to introduce five-year holiday visas allowing tourists multiple entries into Dubai. Dream Inn founded three and half years ago was one of the first companies in Dubai to offer high-end short stay apartment and villa rental combined with the five-star services of a luxury hotel available through platforms such as Airbnb Expedia Booking.com and others as well as through its dedicated Dream Inn website. It has just acquired another 40 properties located across the prime locations of Dubai Marina The Palm and Downtown Dubai in response to consumer demand from the GCC nations and from the UK and Europe. They range fro...

China s auto glass manufacturer Fuyao Group said that it will invest 46 million in new equipment at its Dayton plant which will bring 100 new jobs to local community. At a ceremony held at Fuyao Dayton plant Ohio Governor Mike DeWine expressed his recognition of Fuyao s contribution to the region said a Xinhua report. Fuyao Glass America (a subsidiary of Fuyao Group) has made a positive impact on the economy of Ohio through its investment and commitment to manufacturing DeWine said. In 2014 Fuyao bought a former General Motors facility closed in the 2008 financial crisis and turned the abandoned plant into a two-million-square-feet factory. It is really good to start off the New Year with this very good news about your expansion here the governor added. We are proud that you ve made the Dayton area ho...

More than 1 800 exhibitors and 120 000 professional visitors from 65 countries and regions are expected to attend the 20th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020) to be held in China. The event will be held at the New China International Exhibition Center in Beijing on March 26-28 2020. The show one of the leading oil and gas exhibitions for energy companies in China will be held over seven exhibiting halls of 90 000 sq m. CNPC Sinopec CNOOC CSIC CCS CASC HONGHUA JEREH KERUI ZPEC SANY Panjin Liaohe Oilfield HBP JERRYWON ANTON Oil Shanghai SHENKAI Shenyang Blower Works Group LS GROUP Tiehu Petroleum Machinery JS HAIMO Ganergy Heavy Industry Group Rushi Machinery Douson Ocean s King Lighting WAROM etc. are the loyal exhibitors. In addition international well-known companies including Chevron NOV Cameron Caterpillar MTU Emerso...

The fire safety equipment and systems market in Saudi Arabia will witness a remarkable growth of 5.6 per cent during the next five years according to an industrial report discussed during the Saudi International Oil Fire Safety Conference (OFSAC) 2019. The three-day event kicked off on September 16 at the Ritz Carlton Hotel Riyadh. The report which was published by one of the international consultant partners also revealed that oil fires will also fall by 11 per cent due to the investment of 4.5 billion in oil fire training engineering technology and production of materials to control the risks of oil fires. The High Commission for Industrial Security (HCIS) secretary general Brig General Mohammed bin Ali Al-Habdan stated that Saudi Arabia operates according to international standards to reduce oil fires accidents and is considered to have one of the best statistics in the Middle East and among OPEC countries. T...

A technical delegation from Dubai s Roads and Transport Authority (RTA) has recently visited one of Alstom s trains manufacturing establishments in Poland to examine the manufacturing of equipment used in Route 2020 project trains. The visit was part of RTA s set plans and timetable of delivering trains for this project. The aim of this visit was to ensure compliance with the highest standards of quality in the manufacturing of key components of Route 2020. The visit also aimed to ensure the quality of materials in use matches the specifications and requirements of the project said Abdul Mohsen Ibrahim Younes CEO of Rail Agency RTA. Materials manufactured for Route 2020 project are sourced from top suppliers at rigorous international quality standards to maintain the highest safety levels throughout the project phases. Route 2020 constitutes a landmark in the improvement and expansion of public ...

Leading Dubai developer Emaar today (September 4) announced the launch of South Beach - a remium residential beach project in Emaar Beachfront offering a unique blend of cosmopolitan living and serene seaside lifestyles - while unveiling its streamlined short-term rental concept Ease by Emaar that provides global travellers exceptional stays in elegant homes handpicked by Emaar in their integrated communities. Comprising of one- two- and three-bedroom apartments with exquisite furnishings South Beach will be the first waterfront development to be listed on Ease by Emaar for visitors to experience the epitome of leisure comfort and lavish living said the statement from Emaar. For guests Ease by Emaar opens a new avenue for visitors to experience a premium lifestyle located in some of the most sought-after destinations in the city it stated. Guests are provided with unrivalled hospitality such as hotel-grade housekeepi...

Zoomlion Heavy Industry Science & Technology Company will highlight 32 intelligent products from six categories that showcases the brand s strength and innovative achievements at a major show in Beijing China. The comprehensive array of Zoomlion s products will be displayed at the 15th China Beijing International Construction Machinery Building Material Machines and Mining Machines Exhibition & Seminar (BICES 2019) from September 4 to 7. The products will include new generation earthmoving equipment industry-leading aerial work platform concrete machinery that meets China s sixth stage national emissions standards as well as engineering hoisting machinery. BICES 2019 will be a stage for Zoomlion to showcase our technological innovations in Intelligent Manufacturing (IM). As a leader in the industry it s our goal to achieve green intelli...

UAE properties continued to provide world-leading rental yields despite the downward trend experienced by sales prices and rents in the first half (H1) of 2019 said Property Finder a leading property portal in the region. This makes the UAE one of the most favourable places for property investment globally said the bi-annual Property Finder Trends report. Rental yields are the rental income (the money a tenant pays to the landlord) divided by the purchase price of the property. It is one of the most important considerations for mid to long-term investors. Landlords get higher rental yields from apartments than villas and make more profit by renting studios than large apartments the report said. The average rental yield in global property hotspots such as London (2.7 per cent) Hong Kong (2.4 per cent) New York (2.9 per cent) and Singapore (2.5 per cent) hover in the low single digits while Dubai properties consistentl...

Dubai s Roads and Transport Authority (RTA) said that its Smart Car Rental service recorded 377 873 journeys in the first seven months of the year as against 185 501 journeys during the same period in 2018 marking a 103 per cent growth. The sharp growth of smart car rental journeys highlights the appeal of this service to the public as it saves time and effort as well as the hassles of finding a quick transit mode. In fact the spiralling demand for the service prompted us last year to double the number of vehicles in service from 200 to 400 vehicles said Adel Shakri director of Planning and Business Development Public Transport Agency RTA. The service contributes to a number of RTA strategic goals such as Smart Dubai People Happiness and Advance RTA. It also boosts the integration of various public transport modes. Users of Udrive or eKar smart apps can rent cars for up to six hours without human inte...

Peugeot Middle East has signed a deal with one of the UAE s leading local car rental companies Al Emad to add 100 units of its sporty Peugeot 208 hatchback model to its fleet. The cars will be available for customers to hire from August 1. The Peugeot 208 boasts a sporty streamlined look with an efficient 1.6L engine delivering 115 HP and a top speed of 210 km/h. The new model offers optimised interior space and boot capacity compared to the previous generations and is equipped with Peugeot s cutting-edge i-Cockpit technology. The 208 also features several safety and driving aids including: electronic brakeforce distribution anti-lock braking system and electric speed control as standard alongside cruise control with speed limiter. These new 208 models will complement the 208 hatchbacks 301 sedans 3008SUVs already on the Al Emad fleet reinforcing the rental company s confidence in the French brand. ...

Global technology major Siemens will supply a complete power island for the new Yerevan 2 combined cycle power plant at the existing plant site in the Armenian capital. The company will also operate and maintain the plant for a period of 20 years. Siemens Financial Services (SFS) Siemens financing arm holds a 40 per cent share in the special-purpose project company ArmPower founded specifically for this project said a statement. Yerevan 2 is the largest single order that Siemens has ever received from Armenia it said. The Italian engineering procurement and construction (EPC) firm Renco is responsible for building the entire plant and together with the Italian equity company Simest it holds a 60 per cent share in ArmPower it added. Giovanni Rubini chief executive officer of Renco said: Key in making this project a reality is the perfect fit for our company s and Siemens ...

UK-based car hire company Rhino has launched its operations in the Middle East after signing a strategic agreement with UAE s Time Hotels. Time Hotels is now a contracted affiliate of Rhinocarhire.ae allowing Time to offer live car rental bookings through its own website. Real time rates and availability will be visible to the millions of online visitors that log on to Time Hotels website every year. We wanted to partner with Rhino principally because their entire business strategy is built on offering exceptional value-for-money in a rate sensitive sector without compromising on operational quality or customer service. That s something we believe in very strongly and the bedrock of our own brand said Mohamed Awadalla CEO Time Hotels. Goldstein Research analyst forecasts the UAE car rental and leasing market is anticipated to grow at a CAGR of more than 9 per cent between 2017-2025 ...

Icon Art Production (IAP) a leading film and TV production house is aiming to invest Dh15 million ( 4 million) in 2019 to increase the inventory of film/TV/broadcasting equipment. The move follows an increase in demand for local and international production of feature films TV programs music videos TV commercials events productions studios & post production facility in Dubai UAE a company statement said. Investment includes the expansion of state of the art studio facilities for indoor shoots for TVC TV Programs and Feature Film with Studio size of 15 000-sq-ft with post production facilities. The company had invested 10 million in 2013 to upgrade state of the art equipment and in 5 years IAP has supported over 45 feature films 300 TV commercials 200 music video & 30 TV Programs & several corporate films. The state of the art equipment and working knowledge of the various local and international films TV and the...

Dubai Asset Management the owner and manager of one of the city s largest portfolios of rental residential communities has announced its foray into the short-term rental market through its partnership with a leading holiday home operator HiGuests. The Dubai-based startup specialises in managing short-term property rentals with the aim of offering added convenience to guests and hosts alike. Its self-contained developments include Shorooq Ghoroob Al Khail Gate Layan Nuzul Al Quoz accommodation Rahaba Residences and rental homes in Remraam and Dubai Wharf. As the emirate gears up to welcome over 17 million international visitors to Expo 2020 and targets 25 million visitors by 2025 the demand for short-term rentals is on the rise. On the partnership CEO Arif Mubarak said: Dubai Asset Management has established itself as one of the leading companies catering to the rental customer in Dubai. The partners...

Byrne Equipment Rental has further enhanced its one stop equipment rental offering with the launch of its new climate control division as part of its ongoing regional expansion strategy. One of the largest industrial equipment rental companies in the Middle East Byrne pointed out that in the weeks and months ahead this unit will be rolled out in its 20 strong network of offices and depots across the UAE Saudi Arabia Kuwait Qatar Oman and Bahrain to complement its growing equipment rental fleets. The decision to add this product range was fuelled not just by the promising future of the HVAC (heating ventilation and air-conditioning) industry in the region but even more so the demand from existing Byrne clients said the statement from the company. According to the market research report published by P&S intelligence the UAE HVAC market alone is expected to reach 1.4 billion by 2024 a growth that can b...

Genie a unit of global lifting solutions specialist Terex Corporation will be delivering a total of 132 mobile elevating work platforms (MEWPs) to GCC group Byrne Equipment Rental later this month. Since its founding 27 years ago Byrne has steadily grown to become one of the region s largest and most diverse rental and leasing providers supporting customers in a wide range of sectors including construction infrastructure oil and gas power generators and manufacturing. As part of a huge investment driving its expansion into the mobile access sector the rental giant had in total placed a big order for 166 Genie MEWPs. Comprising a broad mix of the brand s latest scissor lifts and telescopic and articulating boom lifts Byrne had taken delivery of an initial 34 units this January - including its first Genie Xtra Capacity (XC) booms lifts. Having already made itself a big name notably for the provision of...

Wego the largest online travel marketplace in the Middle East and North Africa (Mena) has partnered with vacation rental site HomeAway to expand its array of accommodation worldwide. The arrangement aims to provide Wego users with a wider choice of homes and apartments for rent. Travellers will get access to more than 2 million unique places to stay across 190 countries through HomeAway by simply entering their destination city dates of travel and follow the recommended filters on Wego s metasearch apps and websites. With HomeAway and Wego travellers can find the perfect vacation and a home to meet their needs whether it s a pet-friendly beach house for a large family or a bungalow for two. Alternative accommodation is the perfect option for travellers who are looking for the perfect place that feels like home. Commenting on the strategic alliance Anna Trushkina director of hotels at Wego said: We are delighte...

Azizi Developments one of the leading private developers in the UAE has expanded the Bayt by Azizi concept to one of its premium developments in Azizi Riviera the group s flagship master-planned community in Meydan One. Bayt by Azizi assures owners higher returns by having their homes managed and serviced for them said the developer in a statement. This follows the strong sales response to the launch of the first phase of Bayt by Azizi in Dubai Sports City it stated. Drawing inspiration from the French Riviera lifestyle Azizi Riviera stands out for its mega-integrated retail boulevard of more than 1.6 km in length that features a multitude of eatery lifestyle and convenience options. Located on the banks of the Dubai Canal Azizi Riviera is a vibrant hub with a canal walk of over 2.6 km granting a premium waterfront lifestyle complemented by equestrian and golfing facilities in its vicinity. Les...

Azizi Developments one of the leading private developers in the UAE has launched the sale of Bayt by Azizi in Dubai Sports City a new short-term rental home concept through which investors can yield higher returns by having their owned apartments managed and serviced for them. Designed to suit the needs of those who value a balanced and healthy lifestyle this brand-new residential property features 431 apartments comprising 238 studios 140 one- and 53 two-bedroom apartments. With the wellness of its residents being its prime consideration Bayt is designed to enhance quality of life through its spacious balconies with corner units having large terraces of over 1 076 sq. ft . said the Emirati developer. Panoramic elevators offer stunning views of the neighbourhood while the dedicated plantation area on the facade allows residents to grow gardens it stated. As per the deal Azizi Developments will provide registratio...

The global food processing equipment market is set for rapid growth and is expected to reach 80.27 billion by 2024 according to a report by Zion Market Research. Zion Market Research s latest report titled Food Processing Equipment Market contains an interpretation of the marketing plan for food processing equipment market. The report consists of the revenues retail and wholesale royalty profits incentives and other factors of the major players in the market. ...

Caterpillar a leading manufacturer of construction and mining equipment said it has launched the industry s first mobile app designed to allow customers who spend their time in a truck at the job site and on-the-go to take advantage of equipment telematics data. The new Cat App delivers simplified streamlined data directly to mobile devices helping customers monitor machine location and health react faster to fault codes and maximize uptime said a statement from the company. The culmination of a targeted voice-of-customer program the new Cat App is optimized for contractors who need to track critical machine operating data from the field. App development included 150 customers and dealers from around the world to learn what they considered most important from their telematics data remarked Fred Rio director of digital and technology for Caterpillar Construction Industries. The vast maj...

All facets of coffee tea bar and café products equipment and services will be showcased at the upcoming 2018 Dubai International Coffee & Tea Festival (DICTF) a leading coffee and tea expo in the Middle East to be held in next week in Dubai UAE. The event will take place from December 5 to 7 at the Dubai International Convention and Exhibition Centre. The event will also provide a focused venue for professionals and coffee and tea businesses to engage with potential partners and clients and establish new business channels in addition to the opportunity to present their products and establish connections with contractors and entrepreneurs launching new projects and initiatives said a statement. For the first time in the UAE the practical and focused SCI Café Management Strategy Development Workshop Program for café owners managers and aspiring entrepreneurs will be launched during this year s D...

Samsung Engineering and the Chicago Bridge & Iron Company (CB&I) a McDermott International company recently selected Siemens to provide 19 process reciprocating compressors for Adnoc Refining s crude flexibility project at Ruwais Refinery-West. Samsung Engineering and CB&I will provide EPC services to increase the refinery s crude processing flexibility enabling the site to process up to 420 000 barrels of oil per day of the local crude grade known as Upper Zakum which is found offshore. The upgrade will improve the value of each barrel of oil and allow Adnoc to export more of its main onshore lighter-grade Murban crude. Project commissioning is expected in 2022. Siemens will provide two 2HSE-2 net-gas reciprocating compressors; two 2HHE-VG-1 reciprocating compressors; three 2HSE-1 NL hydrogen-recycle reciprocating compres...

Dusit Thani Public Company Limited (DTC) one of Thailand s foremost hotel and property development companies has expanded into the high-end vacation rental market through the full acquisition of Elite Havens the leading provider of high-end vacation rentals in Asia. Established in 1998 Elite Havens performs integrated marketing reservations concierge and management services for luxury villas and currently maintains a network of more than 200 fully staffed properties across Indonesia Thailand Sri Lanka and the Maldives. DTC s acquisition of Elite Havens follows the company s three-pronged strategy for sustainable and profitable growth which includes balance diversification and expansion particularly into new market segments which will enhance DTC s capacity to provide integrated services and drive revenue growth. p class= Bodycopy ...

Dubai s Roads and Transport Authority (RTA) has added 200 vehicles to the smart car rental fleet bringing the total number to as many as 400 vehicles. The move follows the success of the initial stage and the increasing demand generated by the service which has clocked high rates of journeys and rental hours. The launch of this service is part of our response to the Smart City initiative of the Dubai Government said Adel Shakeri director of RTA s Transportation Systems. Increasing the number of vehicles in smart car rental fleet from 200 to 400 vehicles contributes to our objectives of this service. From the launch in October 2017 up to the end of last August 2018 the service has made 365 662 trips comprising 277 832 renting hours. The service entitles users of eKar and U drive apps to rent the car for six hours without any human involvement in the process o...

Saudi-based Red Sea International (RSI) has signed a strategic partnership agreement with Rental Solutions Services (RSS) to leverage their capabilities to provide clients throughout the GCC with unparalleled services and products in the modular buildings power and cooling segments of the rentals market. With offices in the UAE Oman and Kuwait RSI is the largest manufacturer of modular buildings in the GCC with over 40 years experience in the oil and gas affordable housing and remote buildings sector providing both long-term and short term rental solutions to its clients; while RSS is a leading provider of temporary generator and cooling systems in the GCC. The combined power cooling and modular building assets base will create the largest pool of integrated resources available in the GCC region to provide clients with a comprehensive solution for any remote or temporary off the grid requirements said the company in a statement....

GIB Capital the investment banking arm of Gulf International Bank (GIB) said it had acted as the financial advisor to Al Tala a International Transportation Company (Al Tala a or Hanco) on the SR930 million ( 253 million) sale of Byrne Equipment Rental to Itqan Investments and Tamar VPower Energy Fund. Byrne Equipment Rental is a leading supplier of rental equipment including power rental solutions across the GCC region and has been named one of the top 100 rental companies in the world by International Rental News. The company offers equipment rental solutions to a variety of sectors including oil and gas construction and infrastructure events industrial and manufacturing and marine and ports. The deal also includes other businesses within the Byrne Group namely Spacemaker (UAE) Byrne Technical Services and Byrne Medical Equipment Rental. Hamad Al Sulaiman the...

Pemamek Ltd a global welding and production automation provider and HGG Profiling Equipment a market leader in developing and supplying 3D pipe and profile-cutting machines have made a joint announcement to extend their strategic partnership to shipyard solutions. With the partnership extension both companies will be able to supply integrated cutting and welding technology including profile processing lines pipe-cutting lines and T-beam manufacturing lines for ship part fabrication said a statement from the companies. The strategic partnership between HGG and Pemamek to better support both sets of customers was first announced in April of this year it said. Jaakko Heikonen chief executive officer Pemamek Ltd said: HGG has unique expertise in developing automated profile cutting solutions and through the collaboration our shipbuilding customers will be able to benefit from it. Moving forwa...

Kuwait-based Jassim Transport & Stevedoring Company (JTC) said its power rental division has successfully completed the procurement of 102 new units of Cummins diesel generators thereby taking its total fleet strength to over 700 units with capacities ranging from 100 KVA to 1250 KVA. A major player in the power rental equipment leasing transportation and logistics industry in Kuwait Qatar and Saudi Arabia JTC provides professional and cost-effective power solutions equipment rental and logistics services for both public and private sectors through its four operating divisions: Ports Management Contract Logistics Equipment Leasing and Power Rental. This landmark purchase is primarily aimed at meeting the market demand in Kuwait and Saudi Arabia and is part of JTC s ongoing initiatives for maintaining a strong foothold within the Power Generation rental market said the company in a statement. The new generators ...

Royal Jordanian (RJ) is now offering customers a wider choice of ground transport options following its recent partnership with CarTrawler a leading global car hire aggregator. Through this cross-selling partnership RJ customers now have access to CarTrawler s global network of car hire solutions which is already utilised by 100 international airlines and 2 000 travel retailers around the world. The launch of this new partnership also coincides with CarTrawler s car rental promotion period offering discounts of up to 50 per cent on bookings made until August 15. At a later stage this partnership will give customers access to a wider suite of transfer solutions including private transfer shared shuttle services bus and rail products. RJ president/CEO Stefan Pichler said: We are keen to connect with new partners who will enhance our customers experience whether in the air or o...

Plus Rental a leading vehicle rental company in Bahrain has purchased a fleet of 25 Toyota Hiace vans from Ebrahim K Kanoo authorised Toyota dealer in the kingdom for use by top shipping company Aramex. Aramex station manager Omar Kamarand Plus Rental managing director. Mahmood Al Khadhem received the fleet from Ebrahim K Kanoo executive general manager of Sales Ismail Akbar at the New Car Delivery Center at the Toyota Showroom in Sitra. The Hiace has proven to be the business vehicle of choice especially for courier companies due to its enhanced wide and long body making it the smartest option for loading and off-loading bulk cargo and odd-shaped shipments. - TradeArabia News Service ...

Travelport a leading provider of technology serving the travel industry is utilising new cloud technology for the onboarding and management of new car rental content provided through its new partnership with AutoEurope. Travelport s cloud-based platform enables quicker content acquisition with AutoEurope s content available through Travelport s commerce platform within six months of the agreement being made. This increased speed and partnership approach will become the benchmark for future content addition as well as providing a model to enable Travelport to grow and evolve with its customers. Commenting on the use of cloud technology Travelport s chief architect Mike Croucher said: We re constantly looking at how the deployment of new technologies can improve the way our platform delivers for our customers. Through using cloud-based management we ve significantly decreased the time-to-ma...

With a majority of tourists looking for enhanced experiences the hospitality industry is witnessing a revolution in the form of a short-term vacation rental. Whether an apartment house or room in a local s home the vacation rental is a popular alternative to a hotel especially for tourists who plan to settle in one location for several nights. While prices and options for apartment and house rental vary depending on the season size location and quality of the accommodation some of the main reasons guests choose a rented apartment over another alternative is because of its affordability luxury and privacy. Short-term vacation rentals not only offer more value for the money spent but also serve as a common area to meet and socialise. While some of the properties offer all luxuries in one place such properties also offer flexibility in terms of space and guest s specific preferences or needs. Check-in times can be negotiated as well as bringing ...

US-based Pioneer Power Solutions and CleanSpark have announced that Pioneer s Switchgear segment has received a 2.4 million equipment order as part of a contract for the new US Embassy in Beirut Lebanon. Pioneer Power Solutions Inc is a company engaged in the manufacture sale and service of electrical transmission distribution and on-site power generation equipment. CleanSpark is a microgrid company with advanced engineering software and controls for innovative distributed energy resource management systems. Pioneer s Switchgear segment is providing medium voltage switchgear master control panels and other circuit protective equipment as part of the main electrical distribution service (normal and standby) for the facility. The job is expected to ship by the end of 2018 said a statement from the company. As previously announced CleanSpark and Pioneer have signed a definitive agreement for Cleanspark to a...

The UAE construction equipment rental market revenues are projected to grow at a CAGR of 3.3 per cent during 2018-24 according to a study. The market has registered substantial growth as a result of increasing construction activities as well as the strengthening of commercial hospitality and residential sectors said the 6Wresearch report. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further to avoid the cost of purchasing new equipment and to evade maintenance expenses construction companies in UAE are opting for renting the equipment said the report titled UAE Construction Equipment Rental Market (2014-2024) which provides in-depth analysis with 81 figures and 59 tables covered in more than 190 pages. Projects such as the 37-billion Yas Island Development and the 22-billion Masdar City which are expected to...

Turkey-based Teksan Generator has chosen Italy s FPT Industrial for a long-term partnership to supply it with the full FPT Industrial Power Generation G-Drive line-up. Teksan Generator is an engineering and technology company that designs and produces 100 per cent domestic capital and diesel natural gas and biogas generator sets mobile lighting kits portable generators cogeneration - trigeneration solutions and hybrid power systems. FPT Industrial a company of CNH Industrial is dedicated to the design production and sale of powertrains for on and off-road vehicles marine and power generation applications. Teksan decided on FPT Industrial due to the important benefits that come from the great know-how it has acquired over its long experience in the market said a statement from the company. This has resulted in an offering of products that are efficient reliable and able to deliver high performance while ma...

State oil giant Saudi Aramco said it has signed a shareholder agreement with US-based National Oilwell Varco (NOV) to set up an integrated world-class on-shore rig and equipment manufacturing and aftermarket facility at Ras Al Khair near the Jubail Industrial City on the kingdom s east coast. The new joint venture with NOV will serve as a major hub for high specification drilling rigs using cutting-edge technologies with a capacity to manufacture 10 onshore rigs per year said a statement from Saudi Aramco. Additionally the facility will offer repair services and recertification of a large portfolio of equipment it stated. The facility will also have the capabilities to supply drilling packages for offshore Jack-up rigs. It will localise expertise in multiple disciplines related to on-shore rig manufacturing and is expected to create over 1 000 direct and indirect jobs in the kingdom. Commissioning of the facility is expected b...

Abu Dhabi s Department of Transport (DoT) has issued a new permit to Ekar the company that offers smart car rental services. Users can identify the nearest car to his/her location to rent it and use it by phone application. The cost is calculated based on the use. An application is designed to the service that attracted number of companies working in the field. Users can download the application of this service and locate the desired destination on the built-in map. The application will identify the nearest car available to this destination and the user can then reserve it. Once the user arrives to the car he/she can open its doors using the application. Inside the car a device is connected to the car keys and the user will be able to drive it to the desired destination. The application Ekar is available to download on Android and IOS. The rental cost of the car is decided depending on the duration of the use per ...

Huawei saw rapid year-over-year revenue growth in the global enterprise network equipment market in 2017 and moved from third place in 2016 to second place in 2017 in global market share ranking said research and advisory firm Gartner in a new report. According to Gartner s recently released Market Share Analysis: Enterprise Network Equipment Worldwide 2017 the global enterprise network equipment market revenue grew approximately 10 per cent from 2016 to 2017. Huawei stood out from leading vendors with the highest year-over-year growth rate among the top three vendors. Huawei also grew its market share in different regions most notably in Latin America Europe the Middle East and Africa. In addition Huawei saw double-digit growth in switch WLAN enterprise router and firewall market segments and maintained its position as a leading player in the market. Growth was particularly strong in WLAN with a year-over-year increas...

There has been a steady drop in the villa and apartment sales and rental rates across the UAE during the first three months of the year said a report by Asteco a major regional and international real estate company. In capital Abu Dhabi approximately 1 600 residential units were delivered in the first quarter with over 75 per cent located within the city s investment zones including Yas Island Al Reem Island and Al Raha Beach it stated. More than 7 300 residential units and 100 000 sq m of office space have been earmarked for completion before end-2018. However previous delivery patterns suggest a number of these are likely to be delayed spilling over to 2019 said Asteco in its UAE Real Estate Report Q1 2018. The quarterly report also highlights key market trends major project announcements and outlook for the remainder of the year across Abu Dhabi Al Ain Dubai and Northern Emirates. John S...

Gemini Property Developers a Dubai-based boutique real estate developer has announced a 24 per cent guaranteed rental returns for the first three years to investors of the Dh300 million ( 82 million) Gemini Splendor at MBR City with handover of the apartment in just three months. The offer spans over three years with 8 per cent upfront each year to make it easier and simple for the investor to pay and earn rental yield. So on a Dh1 million property Gemini guarantees Dh80 000 annual rental returns for the first three years totalling Dh240 000 or 24 per cent. The new lucrative offering is for Gemini s maiden G 8-storey luxury residential located at Sobha Hartland which has achieved 90 per cent sale in a short span of one year due to its prime location close to the downtown of the future Dubai s new neighbourhood with a lifestyle living and a new business district. Sudhakar Rao chairman of Gemini Proper...

Udrive a dedicated pay-per-minute car rental service today opened its services to residents and visitors of Sharjah. The new service will initially provide 100 vehicles as part of its plan to offer the smartest and innovative transport modes in the emirate. Developed as a smartphone app-based service Udrive offers affordable rental car services across Dubai and now Sharjah. Udrive cars can be booked and reserved for via a dedicated app offering the most convenient car rental option in both emirates. Vehicles will be available 24/7 and can be rented at a location nearest to a driver via the Udrive app or website. Once registered customers can unlock cars through their smartphones. This keyless access and the ability to park for free across the key areas of the city where permitted as well as free petrol means drivers can go anywhere and at any time. Hasib Khan CEO and founder of Udrive commented: We are pr...

Thrifty Car Rental a market leader in car rental and leasing industry in the UAE has been recognized as Car Rental Company for the Year 2017 by the Middle East Hozpitality Excellence Awards. Thrifty Car Rental was announced Gold Winner at the ceremony attended by top hospitality professionals. The Middle East Hozpitality Excellence Awards are presented to recognise top industry organisations which have shown skill creativity ingenuity and success in the Mena region s growing hospitality industry Rahul Singh managing director of Thrifty Car Rental said: This is a major achievement for Thrifty Car Rental. Being recognized as Car Rental of the Year 2017 is a testament to our commitment and efforts in catering to the demands of our customers and ensuring that they get the best possible value for their money. Our team works hard to offer our customers an excellent car renting experience so this award will motivate us to even work harder a...

Dubai-based AW Rostamani Shift Car Rental has announced that it will now add electric vehicles to its fleet becoming the first in the region to pioneer the leasing and renting of electric cars. AW Rostamani Shift Car Rental will offer the Renault Zoe which can complete a 300 km run on a single charge. As a result of the recent Paris Agreement on Climate Change and the UAE s vision for a green economy the move sees AW Rostamani driving change in dealing with greenhouse gas emission which currently adds to (@403.3 parts per million) the highest ever. Commenting on the move Ashish Nanda senior general manager Shift Car Rental said The Shift Green initiative is a testimony to our core values and philosophy. We believe that it should be the duty of all responsible organisations and individuals to play their part in fighting climate change. As the first in the region we hope this initiative involving the Renault Zoe elect...

Premium car rental marketplace Lurento has announced the launch of its service in the UAE. Customers can now rent luxury and sports cars in Dubai and Abu Dhabi. Dubai is a leading location for luxury travelers and sports car enthusiasts alike. Our customers will have the opportunity to choose from a lot of models this holiday season along with the best deals. In addition to top European brands such as Ferrari Lamborghini Porsche Mercedes and BMW Lurento now offers Cadillac GMC Lincoln and other premium cars from US brands said Milan Krstanovic partner relations manager. As the largest luxury car rental service Lurento offers an unparalleled selection of premium cars luxury cars sports cars and supercars. Launched in 2016 Lurento has quickly increased its European operation and is now based in 80 cities across the continent. The launch into the UAE marks the next chapter in the firm&r...

Dubai Land Department (DLD) has announced that the rental index has been updated for 2018 confirming that the new update is for all residential commercial and industrial properties in the Emirate of Dubai. DLD s specialists have adopted a variety of mechanisms to carry out the upgrade process including reading the average data of tenancy contracts registered in the Ejari system and the real estate data and units registered in DLD s databases reported Wam the Emirates official news agency. The new rental index includes all areas of the Emirate all types of property and indexes for new projects. For the first time this year a land rent index has been added for land with annually renewable lease contracts. Mohammed Yahya deputy executive director of the Rental Affairs Sector at DLD said: The rental index is based on a calculation of the increase in rental values reflecting average rents i...

Algeria s state energy producer Sonatrach has announced plans to set up a 2 000-sq-m oilfield equipment manufacturing facility in the country s Arzew Industrial Zone in partnership with Baker Hughes a GE company (BHGE). As per the deal Sonatrach and BHGE will have 51 per cent and 49 per cent ownership respectively in the new company. The move is aimed at boosting Algeria s position in the upstream oil and gas market to meet local demand remarked Abdelmoumen Ould Kaddour the chief executive of Sonatrach after signing the deal with Rami Qasem the chief executive of BHGE for Mena Turkey and India in the presence of the Minister of Energy Mustapha Guitouni. The project draws on the extensive experience of BHGE in oilfield equipment manufacturing and leverages the company s global and local scale to provide production solutions from the facility which is an...

Turkish Airlines announced Wednesday that it signed a new agreement with Enterprise Holdings the world s largest car rental company. Turkish Airlines passengers can easily rent a car from the Enterprise National and Alamo brands through the official website of the airline; www.turkishairlines.com and its mobile apps the flag-carrier said in a press release. The airline s passengers will also have the opportunity to rent a car with discounted prices through special campaigns to be organized in certain periods according to the statement. As a prominent airline famous with its wide network and its high-quality services we re glad to collaborate with the Enterprise Holdings another prominent brand in its field. I m sure that this partnership will be so beneficial for both sides said Ilker Ayci the airline s chairman of the board and the executive committee. ...

China s largest acrylic producer Zhejiang Satellite Energy Co recently selected Siemens to provide a reactor effluent compressor train for Phase II of its propane dehydrogenation (PDH) plant in Pinghu City in China s Zhejian province. The dual-casing compressor train scheduled for installation in late 2018 consists of two Siemens STC-SH single-shaft compressors driven by a Siemens SGT-750 industrial gas turbine. Plant commissioning is scheduled for early 2019 a statement said. This order follows the Satellite Phase I PDH project where Siemens supplied a compressor train consisting of two STC-SH (14) compressors and a SGT-700 gas turbine in 2013. The Phase II project represents the first downstream application for Siemens SGT-750 gas turbine. The turbine s advanced fuel flexibility and low lifecycle cost due to high reliability and ease of maintenance were critical factors in Zhejiang Satellite s decision along with their...

Kanoo Machinery a member of The Kanoo Group recently highlighted the latest technologies that solve key challenges in today s warehousing and storage needs through improved productivity efficiency safety and cost effectiveness at the 9th edition of Materials Handling Middle East in Dubai UAE. The event concluded yesterday (September 13) at the Dubai International Convention and Exhibition Centre. Kanoo Machinery as the authorised dealer in the region showcased a new range of equipment and solutions from world s leading brands - Hyster Utilev Aisle Master and Combilift. Materials Handling Middle East is the only dedicated show in the region for professionals from every facet of the warehousing intralogistics and supply chain sector. This year s edition featured 126 exhibitors from 20 countries representing over 200 brands. David Atkinson general manager Kanoo Machinery said: We have carve...

Egypt-based Al Maadi Company for Engineering Industries a subsidiary of the National Organization for Military Production recently signed a contract with Algerian Company for Investment (Mitidja) to supply equipment to build an agricultural recycling plant in Algeria said a report. As per the agreement the Egyptian side will supply and install the required equipment for the establishment of the recycling plant which will have a production capacity of 15 tonnes/hour added the Daily News Egypt report. Egypt s Minister of Military Production Mohamed Al-Assar witnessed the signing of a contract between the companies it said. Al-Assar said that Al Maadi Company will send a delegation of engineers and technicians to install the equipment to be supplied to the Algerian company and will train Algerian engineers and technicians on the installation operation and maintenance of the equipment. ...

AccorHotels announced today the grouping of Travel Keys Squarebreak and onefinestay with the intention to integrate the three companies under the onefinestay brand before the end of the year. The announcement signifies the finalising of an agreement with the founders of Squarebreak for the acquisition of the entire share capital in the company. AccorHotels has owned 49 per cent of this French company a leader in villa rentals since February 2016. This transaction will be effective in the coming weeks. AccorHotels also acquired Travel Keys earlier this year and onefinestay in 2016. The integration of the three hospitality innovators means onefinestay guests will be able to experience over 10 000 of the world s finest homes combined with worldwide professional hospitality and concierge services. Onefinestay will now span the world s most desirable destinations in six continents from metropolitan centres such as New York LA Rome ...

Yields for UAE buy-to-let investors are in retreat as declines in rental values outpace a slump in sales prices according to a report by Propertyfinder Group a leading real estate portal in the region. Nevertheless yields remain generous compared with global norms and with zero capital gains tax the country s property sector remains an excellent option for international investors looking for both investment income and long-term asset appreciation stated the UAE Real Estate Trends 2017 report. Rental yields fell in 15 of Dubai s 23 apartment neighbourhoods and in 11 of the city s 16 villa districts in the six months from last September to March 2017. These declines left apartment yields varying from 5.2 per cent on Palm Jumeirah to 9.5 per cent in Discovery Gardens. For villas yields range from 3.1 per cent in Emirates Hills to 6.5 per cent in Jumeirah Village Circle it stated. ...

Two major Indian conglomerates have bid for supplying key equipment for the strategic Chabahar Port in Iran said an official in a report. The official who did not wish to be named also revealed that the process is on to expand the financial eligibility criteria to attract more bidders added the Iran Daily News report. This comes against the backdrop of India being keen on expediting work on this port located in Sistan-Baluchestan Province on the energy-rich Gulf nation s southern coast that can be easily accessed from India s West coast bypassing Pakistan it said. The official said that two major Indian conglomerates have bid for supplying four key mounted quay cranes at Shahid Beheshti Port Chabahar. The bids are under evaluation and a final call will be taken soon. Bids were invited on behalf of India Ports Global Limited (IPGL). The official said apart from this work is on to expand the financial eligi...

The market revenue for materials handling equipment in the GCC is set to maintain a CAGR of over 4 per cent while reaching an estimated 5 billion in revenues by 2020 said the organisers of an upcoming trade fair citing a Frost & Sullivan report. Saudi Arabia with about 46 per cent and the UAE with 35 per cent make up the largest markets in the region and are expected to continue to spearhead market expansion going forward. Key drivers for the continued expansion in demand for materials handling equipment continues to be the ongoing focus of the GCC countries in large-scale infrastructural and logistics development including that of key transport and shipping hubs export processing and free zones as well as the high dependence of many of these countries on imports of goods and services that calls for increased reliance on materials handling and logistics facilities. Realising the potent growth potential of the regional market ...

Saudi Arabia has expressed its intent to procure more than 28 billion worth of Lockheed Martin integrated air and missile defense combat ship tactical aircraft and rotary wing technologies and programs the company said. At Lockheed Martin we are proud to be part of this historic announcement that will strengthen the relationship between the United States and the Kingdom of Saudi Arabia said Lockheed Martin chairman president and chief executive officer Marillyn Hewson. We are especially proud of how our broad portfolio of advanced global security products and technologies will enhance national security in Saudi Arabia strengthen the cause of peace in the region and provide the foundation for job creation and economic prosperity in the US and in the kingdom. These agreements will directly contribute to His Majesty s Vision 2030 by opening the door for thousands of highly skilled jobs in new economic sectors. b...

Emirates REIT the UAE s first regulated shari a compliant real estate investment trust has registered a 21 per cent growth in its rental income for the first quarter which soared to 12.6 million from 10.4 million last year. This primarily reflects stronger leasing at Index Tower income from Jebel Ali School and the first rental payments from British Columbia Canadian School said a statement from Equitativa (Dubai) which is managing the Emirates REIT. Total occupancy across the portfolio reached 81 per cent in Q1 2017 and the weighted average unexpired lease term was up to eight years from 6.4 years in Q1 2016 it stated. The Nasdaq Dubai-listed REIT was able to convert most of its additional rental income to funds from operations (FFO) resulting in a 90 per cent increase in (cash profit) to 4.2 million for the quarter over 2.2 million last year. Announcing the results Sylvain Vieujot CEO of Equitativa...

Dubai s real estate developers and companies developing touristic commercial and cultural projects have been ordered to install additional power generators to ensure seamless uninterrupted power supply in their developments. The order comes from Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum who made the decision during his visit to Dubai Water and Electricity Authority (DEWA) headquarters where he was briefed yesterday s power outage in Dubai Mall. TradeArabia News Service ...

Dubai Road and Transport Authority has made 960 bus rental contracts with interested parties in the Emirate as part of its Tajeer service. The service offers a variety of buses for rent to lift employees of those entities which are keen on supporting RTA s efforts towards diffusing the culture of public transport. Basel Ibrahim Saad director of Buses RTA s Public Transport Agency said: RTA launched the bus rental service to external entities in 2012 offering a range of sophisticated & robust buses procured from the world s top bus manufacturers. These buses are offered for rent under short-term contracts (one day to six months) and long-term contracts (more than six months). So far RTA has made 960 bus rental contracts. Standard or deluxe buses can be allocated depending on the preference of the client and the purpose of use. The Agency deploys highly skilled and competent dri...

Technology giant GE said it has won an order from Kuwait s Ministry of Electricitys to supply a steam turbine generator set and two heat recovery steam generators (HRSG) along with associated engineering and other services for its Sabiya Power Plant. The equipment will allow the conversion of the plant from simple-cycle to combined-cycle configuration helping it to generate more than 260 megawatts (MW) of extra power without the use of additional fuel said a statement from GE. This is enough additional power to meet the average energy needs of more than 100 000 Kuwaiti households it stated. GE is committed to driving power sector efficiency across Kuwait and helping the Ministry of Electricity meet the increasing demand for power for domestic industrial and municipal use remarked Ghassan Barghout the president and chief executive of GE s Gas Power Systems (Sales) for the Middle East & North Africa. br ...

Airbus one of the leading planemakers in the world has designated the Honeywell 131-9A auxiliary power unit as standard equipment for its A320 family of aircraft it is no longer just a selectable option for airlines. Honeywell s auxiliary power unit is now recognised as the gold standard for the A320 family that provides significant fuel savings and demonstrated reliability said a statement from the company. Honeywell recently shipped its 5 000th 131-9A auxiliary power unit (APU). This puts the number of production APUs from the 131-9 family at more than 11 000 units with more than 100 million total flight hours it said. The 131-9 series auxiliary power unit has been selected by airlines for the majority of narrow-body aircraft. Its proven reliability helps reduce delays and flight cancellations allowing airlines to stay on schedule so that their customers can reach their destinations on time it added. ...

UAE-based Zulekha Healthcare Group said it has expanded its regional operations with the new medicine and medical equipment store to help meet the growing healthcare needs in the GCC. The store launched in 2015 has been certified by DAS Quality Management Systems in compliance with the ISO 9001:2005 standards that authorizes the store for warehousing of medicines cosmetics orthopedic accessories and medical equipment store-keeping and store supervision. The division focuses on the import of medical products from leading manufacturers distributors provision of unregistered medicines in the region and wholesale distribution aimed at internal markets expansion said a top official. Taher Shams the managing director Zulekha Hospital said: Zulekha Stores serves as a partner distributor and reseller for leading healthcare solution providers and equipment manufacturers. We extend logistical support to...

Thrifty Car Rental the UAE s largest leasing and car rental company reported a 15 per cent increase in the number of customers from Europe in 2016 compared to year 2015 as a result of its aggressive campaign geared towards attracting more customers from this market. The team will continue to promote the company in the European market by strengthening its existing tie-ups with travel partners and explore various ways to enhance awareness by meeting with potential partners at this year s ITB Berlin the world s leading travel trade show running from March 8 to 12 2017. Karunesh Arya general manager said: The European market is a key market for Thrifty Car Rental in UAE. Last year we saw an increase of 15 per cent of customers coming from this market and we would like to further increase the number by meeting with decision makers who will be attending ITB and expanding our tie-ups with European outbound travel agents and b...

Case Construction Equipment has launched its new website designed to deliver seamless support and information to customers when they need it wherever they are and on any device. A major global brand Case Construction Equipment sells and supports a full line of construction equipment around the world including the No.1 loader/backhoes excavators motor graders wheel loaders vibratory compaction rollers crawler dozers skid steers compact track loaders and rough-terrain forklifts. The new site delivers a clean modular layout with pages that are easy to navigate and product information that is readily available said a statement from the company. A distinct vertical navigation allows for easy browsing and opens up the main area of the screen to view more information at one time. Responsive design detects the device being used and automatically adjusts the page layout and resolution for screen size. The same e...

Emirates REIT the UAE s first regulated sharia compliant real estate investment trust listed on Nasdaq Dubai and managed by Equitativa has reported a rental income of 45.3 million for 2016 up 23 per cent over the previous year. Emirates REIT also posted strong rental growth for the fourth quarter in 2016 which increased by 25 per cent to 13 million from the previous year s 10.4 million. Overall for the year ended December 31 2016 the total property income increased 22.2 per cent to 50.7 million said the company in a statement. The increase in rental income was principally attributable to increased leasing at Index Tower and the rent of the new British Columbia Canadian School it added. At the year-end total occupancy across the portfolio reached 81 per cent and the weighted average lease expiry of the total portfolio was stable at 8.5 years. The strong underlying performance over 201...

Thrifty Car Rental the UAE s largest leasing and car rental company has launched its first Thrifty Lounge at the newly opened Burjuman branch where customers can relax while waiting for their rental cars. Karunesh Arya general manager said: We are extremely proud to have pioneered the concept of car rental lounges in the region. Our goal is to provide ultimate car renting experience to our customers. While at the lounge they can relax with its quiet environment discuss various renting options offered by Thrifty over a cup of coffee with our experts and also enjoy free Wifi access. We hope to roll out this concept into our bigger branches and plan to have additional three lounges this year. The launch of the Thrifty lounge is part of the company s business strategy to enhance customers overall renting experience and create a service differentiator. Having been recognised by the International Business Excellence Award in ...

Qatar s construction equipment rental market is projected to cross the 1.9-billion mark over the next five year thanks to the surging expatriate population and the growing construction activities along with increasing government expenditure according to a report. Another key factor is the high purchasing cost of construction equipment due to which construction companies prefer procuring equipment on rent said the report by TechSci Research a global management consulting firm. The upcoming mega sports events such as Fifa World Cup 2022 as well IAAF World Athletics Championship 2019 too are playing a key role in boosting demand for construction equipment stated TechSci Research in its report Qatar Construction Equipment Rental Market By Equipment Type Competition Forecast & Opportunities 2016 - 2022. Further increase in Qatar s GDP from 44.54 billion in 2005 to 164.64 Billion in 2015 over the last de...

Dubai Municipality has announced the addition of new equipment to its modern waste treatment equipment fleet a report said. The new equipment will be used for cutting and chopping large-sized agricultural waste generated by farms public parks and foresters reported Wam the Emirates official news agency. Using the equipment trees will be cut into very small pieces to facilitate their use in a safe and environment-friendly way by turning them into other material that can be used in new industries. The move is part of Dubai Municipality s keenness to achieve the highest levels of hygiene in Dubai. Abdul Majeed Sifai director of the waste management department of Dubai Municipality said that the new equipment is characterised by large-scale capacity precision and speed in performance. It is an easy to use mobile unit which can be operated through a mechanical device to enhance control. It has multiple smart...

Kanoo Automotive Equipment (KAE) a division of Ebrahim K Kanoo and a leading company for automotive equipment in Bahrain has added industrial equipment to its portfolio and rebranded itself as Kanoo Automotive & Industrial Equipment (KAIE). The expansion into the industrial equipment segment signifies further progress for the company which carries over 35 brands and is known for its high quality after-sales service said a company statement. Our approach was always to partner with industrial leaders to ensure that our customers consistently get premium quality products from us said KAIE sales manager Sudhindra Kalibhat. The rebranding shows our commitment to this segment and its significance to our portfolio of services which are guaranteed to have Ebrahim K Kanoo s trademark reputation of top quality service before during and after sales he said. KAIE has partnered with renowned global suppliers in...

The residential sector in Dubai UAE experienced further modest declines in rentals during the fourth quarter of 2016 with a one per cent dip in average leasing rates recorded according to the Dubai Annual Market Update Report by global real estate advisor CBRE. During 2016 the average apartment sales rates fell by around 4.6 per cent whilst the drop for villas was more pronounced at 6.5 per cent stated the the industry expert. According to CBRE the residential sector is expected to see more stable sales pricing during 2017 as sentiment slowly starts to improve. However there is a cautionary note with the recovery amidst rapidly rising supply levels. Approximately 70 000 units are expected to be delivered between 2017 and 2019 as developers make a major push in the build up to Expo 2020 it stated. Mat Green the UAE head of research and consultancy at CBRE Middle East said: With an expanding pipeli...

Dubai s Roads and Transport Authority (RTA) has inaugurated the Smart Rental Service the first of its kind in the Middle East enabling customers to rent cars for short periods not exceeding six hours via smart apps. To do so RTA has contracted with U Drive and ekar companies to operate 200 vehicles (100 each) at a fare ranging from 40 to 50 fils per minute (according to the location of returning the vehicle) i.e. Dh24 ( 6.5) to Dh30 per hour. In a speech delivered during the service inauguration ceremony which took place nearby the Dubai Water Canal in the presence of CEOs and Directors Al Tayer said The smart rental service supports RTA s efforts to bring happiness to people and increase the ridership of public transport means said Mattar Al Tayer director general and chairman of RTA. The service also aims to enhance the integration of mass transit systems through easing the...

Universal Electro-Engineering (Uneeco) the leading manufacturer and supplier of electronic communications and safety equipment in Bahrain will be taking part in the upcoming Gulf Industry Fair 2017 (GIF). The Northern Gulf s leading annual industrial expo GIF will be held from February 7 to 9 at the Bahrain International Exhibition and Convention Centre under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa Prime Minister of the Kingdom of Bahrain said the event organisers Hilal Conferences and Exhibitions (HCE). Uneeco is a specialist in medium and low-voltage electrical power protection as well as providing security system solutions high-tech equipment and services. The prime division of Uneeco Group of Companies represents a number of prestigious and world-renowned manufacturers in the field of electrical electronics communication and security equipments products and services. On the upcoming ev...

Kuwait-based Integrated Logistics Company said it has taken delivery of a new Demag CC 3800-1 crawler crane 20 AC 100/4L and 10 Explorer 5600 terrain cranes from Terex a global manufacturer of lifting and material processing products as part of its massive fleet expansion plans. These cranes will join a fleet of over 2 000 machines and will be deployed by the company for its operations across the Middle East and North Africa (Mena) region stated the leading crane rental company in Kuwait. The Demag CC 3800-1 lattice boom crawler crane is the first-of-its-kind in the region and will allow the Kuwaiti company to meet customers heavy-lifting demands it added. Commenting on the fleet expansion CEO Saleh Al Huwaidi said: Integrated Logistics Company s growth has been driven by the relentless pursuit of being the best logistics provider in the region. To achieve that reputation it s vital for ...

UK-based Ashtead Technology a leading supplier of rental equipment for offshore positioning and surveying has announced the acquisition of Abu Dhabi based TES Survey Equipment Services for an undisclosed sum. The acquisition will enable Ashtead to significantly increase its customer service offering in the Middle East a statement said. Established in 2007 by Susan Murray TES Survey Equipment Services sells and rents a range of environmental geophysical survey and ROV equipment. Murray will continue to lead the business cementing its footprint in the Middle East. Allan Pirie chief executive of Ashtead Technology said: TES is a quality business with a strong client service ethos which is a great fit for Ashtead. Having been our agent in the Middle East for the past five years we know and respect the team. As a result of this deal we will be able to roll-out our full service offering to clients in the region. ...

The diesel generators market is expected to grow from an estimated 13.06 billion in 2015 to 16.96 billion by 2020 at a compound annual growth rate (CAGR) of 5.4 per cent according to a report. The rapidly growing demand for continuous and reliable power across industries and the commercial sector is the primary growth driver of this segment stated MarketsandMarkets a leading business research firm in its report Diesel Generators Market by Application - Global Forecast to 2020 . The report includes profiles of some of the leading players in the diesel generators market such as Caterpillar (US) Cummins (US) Generac Holdings (US) Kohler Co (US) MTU Onsite Energy (Germany) and Mitsubishi Heavy Industries (Japan). Dominant players are trying to penetrate the developing economies and adopting various methods to grab the market share said the report. The scope accordingly aids market participants to iden...

Doosan Portable Power and Saudi Diesel Power Equipment Division recently launched Doosan s latest eco-friendly hi-tech generators at an event held at the Marriot Hotel in Riyadh Saudi Arabia. At the event potential clients were brief on the product engaged in a Q&A session as well as in discussions with SDEC s international partners and their prominent clients within the private government and military sectors. Mohamed Qunaibi director of Power Equipment delivered the welcome speech and briefly shared the details of the current power solutions Doosan Portable Power and Saudi Diesel Power Division are offering in addition to discussing their future and upcoming plans. Doosan Portable Power s UAE and Europe s partners also attended the seminar and presented the company s current and upcoming plans for the Middle East and North Africa (Mena) region while underlining the importance of this region f...

Switzerland-based Cavotec a global engineering group has won a number of orders worth over 11 million ( 11.67 million) for its innovative aircraft ground support systems for applications in Australia China Colombia Germany Italy and the US. The largest of these orders is for a substantial number of ground support systems for Hong Kong International Airport Midfield Apron Project said a statement from Cavotec. The company will be supplying 400Hz converters 400Hz electrical pit systems deck loader power supply pits fuel vault access covers and fuel hydrant pits. Deliveries are scheduled during 2017 and 2018 it said. The Midfield Apron Project is part of the Airport Authority of Hong Kong (AAHK) expansion plan to meet increased passenger demand and allowing it to continue its role as one of the primary aviation hubs in the Asia-Pacific region it added. Gustavo Miller chief operating officer - Asia Pacifi...

The global market for boilers turbines and generators (BTG) is set to decrease from a cumulative 318 billion during the period 2010-2015 to 241 billion during 2016-2020 according to research and consulting firm GlobalData. The BTG market will experience the drop as capacity installation from thermal fuels continues to decline due to an increased focus on renewable energy sources and environmental issues associated with fossil fuel-fired power plants added the research. The company s latest report states that to meet growing demand for electricity countries worldwide have focused on increasing installed capacity primarily in the nuclear and renewables sectors. Aside from a transition towards cleaner sources of power generation the other factors affecting the global BTG market are environmental concerns tough economic conditions and fluctuations in fossil fuel prices it said. Swati Gupta GlobalData&rsquo...

The average residential rental rates in Oman fell by a further 2.3 per cent during the third quarter mainly due to the negative impact from the evolving demand dynamics in the market said a report With continued stagnation across Oman s residential and office market during the third quarter rapid expansion in the hospitality sector is set to be a beacon of growth in the market heading into 2017 according to new research by international real estate consultancy Cluttons. Significant growth in the Omani tourism sector is feeding a period of exponential development in the four and five-star hotel market stated Cluttons in its Winter 2016/17 Property Market Outlook report for Muscat. Over the next two years hotels currently under construction will deliver a 50 per cent increase in room supply to the premium segment of the market it added. On the residential market the property expert said the average rent fell s...

Byrne Equipment Rental which has been a proud part of the industrial and economic growth in Saudi Arabia continues its growth journey with imminent depot openings planned the first of which is in Thuraif The well-known Byrne brand has long been regarded as one that is synonymous with quality and diversity in the plant and equipment rental sector with fleets operating across the region. Byrne Investments Saudi Arabia as it s known in the kingdom is without question one the most innovative players in its field. Since its inception here in 2001 it has enjoyed a strong relationship with Sabic. On the back of that relationship Byrne is privileged and honoured to be the official rental sponsor of the Sabic Technical conference -12 says Satish Shetty deputy general manager - Eastern Region Saudi Arabia. Saudi-owned Byrne has grown rapidly over the years and today it enjoys what s best described as a preferred equipment rental suppli...

The fully Saudi-owned company serves customers through a network of six fully equipped depots located on the doorsteps of major upstream and downstream oil and gas facilities in the Eastern Western and Central Provinces In today s challenging business environment oil and gas companies must find ways to cut costs without compromising on quality innovation functionality or efficiency. For Byrne a leading Equipment Rental Saudi company with depots across the kingdom there has perhaps never been a better time for customers to realise the benefits of its bespoke systems from quick-to-assemble fully managed turnkey mobile accommodation camps to space-saving easily transportable modular office blocks and warehouses temporary blast resistant modules for hazardous environments in refineries and petrochemical plants and mechanical equipment. Oil and gas companies recognise equipment rental as the way forward and Byrne is synonymous ...

Ashtead Technology a global leader in marine technology and subsea services has expanded its equipment rental pool following a significant investment in a state-of-the-art subsea navigation system which has been proven to deliver faster more accurate results in the toughest environments. The iXblue Ramses is an acoustic synthetic baseline positioning tool with self-contained computing for simple efficient real-time underwater navigation. Coupled with iXBlue inertial navigation system (INS) it delivers extreme precision in even the world s most challenging seas. It can be used to track the position of subsea structures without the need for multiple transponders or umbilicals enabling immediate and simplified mobilisation. Traditionally achieving subsea accuracy required the deployment and calibration of subsurface equipment an often lengthy and very costly process. With the iXblue Ramses system an ROV can place a single beacon on the sea floor and...

Continuous technological advancements in tools for better performance improved recovery rate and higher production and advancements in drilling techniques such as horizontal and directional drilling is expected to drive the global industry demand The global oilfield equipment market size is expected to reach 127.6 billion by 2020 according to a new report by Grand View Research. Continuous technological advancements in tools for better performance improved recovery rate and higher production is expected to drive the global industry demand over the forecast period. Advancements in drilling techniques such as horizontal and directional drilling are expected to further boost the overall market demand in future. Drilling equipment accounted for a share of 73.65 per cent of the overall market revenue in 2013. The product segment is expected to grow at a compund annual growth rate (CAGR) of 4.2 per cent from 2014 to 2020. Onshore operations ...

A newly developed gasket tape made of expanded polytetrafluorethylene (ePTFE) that Bob Gore discovered back in 1969 is specifically designed to address the challenges of creating reliable seals in large glass-lined steel equipment Equipment made of glass-lined steel is used when manufacturing or processing aggressive chemicals such as aniline derivatives and sulphuric or hydrochloric acid. The Achilles heel of such systems is the gaskets needed to seal the joints between components. Exposure to aggressive media causes the seals to degrade overtime resulting in damage to equipment and posing a health risk to operators. Replacing the seals costs a great deal of time and effort with a corresponding drop in production output. A newly developed gasket tape made of ePTFE (expanded polytetrafluorethylene) is specifically designed to address the challenges of creating reliable seals in large glass-lined steel equipment. Operators of chemical p...

The market is influenced by the relative health of key end-use sectors such as new build construction and RMI activities in both the construction and industrial sectors as well as other sectors such as manufacturing and warehousing The access equipment market consists of a range of products designed to enable personnel to work safely and productively at height. The UK access equipment market was worth an estimated 254 million ( 365.53 million) in 2013 with growth forecast for 2014 reaching a market size of around 279 million ( 401.79 million) says a report by AMA Research. The access equipment market is forecast to grow to an estimated market size of around 337 million ( 486 million) in 2018 with powered access equipment accounting an estimated 191 million ( 275.5 million) and non-powered equipment worth around 146 million ( 210.6 million) as per the report. Powered access and non-powered access products compete for similar work and withi...

The power generation rental markets in the GCC countries are primarily driven by demand from utilities and the construction industry with Saudi Arabia emerging as the largest power rental market The construction oil and gas industries helped maintain growth in the Middle Eastern power rental market in 2014 bringing its total value to over 500 million ( 440 million) according to a Verify Markets report. The report says the market for rental power was divided in two parts project business and commercial power rental business. It said power projects were mainly in Saudi Arabia with a small percentage in other Gulf Cooperation Council (GCC) Countries. The power generation rental markets in the GCC countries were primarily driven by demand from utilities and the construction industry with Saudi Arabia emerging as the largest power rental market. It said power project business or temporary power plants accounted for just ove...

Increasing drilling activities on account of growing energy demand is expected to remain a key driving factor for this market. However the cost intensive nature of the market due to risk and low reliability of operations is a major challenge to its growth The global market for oilfield equipment is expected to reach 127.60 billion by 2020 according to a new study. Transparency Market Research in its latest report states that the global demand for 90.6 billion world oilfield equipment industry will rise 3.8 per cent yearly through 2016 to 109 billion. Primarily driven by the surge in oil and gas production activities the oilfield equipment market the report titled Oilfield equipment market global and US industry analysis size share growth trends and forecast 2012 2018 states that registering a compound annual growth rate (CAGR) of 3.8 per cent from 2012 to 2018 the oilfield equipment market is likely to grow from 93.74 billion in...

One of the longest established and most diverse equipment rental solutions providers Byrne s approach of firstly understanding its customers challenges and then working with them to drive effective rental solutions has clearly served it well Already recognised as one of the longest established and most diverse equipment rental solutions providers Byrne continues to expand its operations and products across the Gulf Council of Countries (GCC). FLEET INVESTMENT As part of its innovative approach to the market Byrne Equipment Rental has successfully added and deployed blast-resistant modular buildings to its fleets across the GCC. Designed primarily for the oil and gas industry these units are built to withstand the impact of the most severe blasts and in doing so protect the people and equipment inside them meaning that in the unfortunate event of an explosion people remain safe and high value equipment can be prot...

NON-DESTRUCTIVE testing (NDT) is the process of inspecting testing or evaluating materials components or assemblies for discontinuities or differences in characteristics without altering the original attributes. It has the property to determine the discontinuities and differences in material characteristics. NDT is broadly divided into NDT equipment and NDT services market. Key NDT inspection methods are ultrasonic testing magnetic and electromagnetic testing infrared (IR) thermography testing shearography testing radiographic testing liquid penetrant testing eddy current testing and visual testing. NDT is a testing of objects for their flaws and imperfections in accordance with some standard norms. The NDT market is at present witnessing a spree of mergers partnerships and acquisitions among market players which is resulting in a wide range of challenges and opportunities. GROWTH PROJECTIONS According to a new market research re...

3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing says a company spokesperson. With 31 billion in sales 3M employs about 84 000 people worldwide and has operations in more than 70 countries. 3M has been operating in Saudi Arabia for over 25 years and its physical presence has been expanding as it has offices in both Riyadh and Jeddah. Expansion to other areas is taking place in the near future says the spokesperson. The country presents many opportunities across a range of market segments and we are currently active in up to 40 different segments of the economy he adds. As one of the world s leading suppliers of safety and protective equipment our goal is to ensure that we satisfy customer s needs through the provision of exceptional leade...

Bahrain Airport Company (BAC) has announced obtaining additional aircraft rescue and fire fighting vehicles from AMA Motors Group in a move to further enhance safety of operations and passengers at Bahrain International Airport. The announcement came following a signing ceremony with AMA Motors Group during Bahrain International Airshow 2014 attended by BAC chief executive officer Mohamed Yousif Al Binfalah and vice-chairman of AMA Group Tawfiq Al Ali. As per the BD 1.3 million ( 3.4 million) agreement Rosenbauer will provide two 8x8 rapid intervention vehicles in addition to technical support repair and maintenance services. Al Binfalah commented during the signing This agreement with the renowned AMA Motors Group is a testament of our commitment to equip the airport with cutting-edge security solutions and to implement the globally required measures. Rosenbauer is a world leading manufacturer of firefighting equipment for emergency services re...

THE volatility of crude oil prices continue to have an impact on the oil and gas equipment and services market with price hikes increasing demand for specialist equipment and services says a report. The oil and gas equipment and services market is rather concentrated with the top four companies accounting for more than 25 per cent of the market in terms of revenue. Significant market share is held by large international companies such as Schlumberger or Baker Hughes. Their presence within the market boosts the competition level significantly according to a Datamonitor analysis of the sector. Typical buyers in this market are large which grants them greater bargaining power. Suppliers to the market are quite varied and depend on the specific structure of the drilling rig or equipment in question. In this sense suppliers are those who provide the raw materials used in the construction of rigs. The level of technology required and the high costs of production as we...

THE Ferguson group specialists in the rental of equipment to the offshore energy industry has announced the launch of its new Ferguson Middle East Abu Dhabi division. Ferguson Middle East based in Abu Dhabi will support the Ferguson group s increasing presence in the Middle East that saw the opening of its Dubai office in August 2012. The new Abu Dhabi division will allow Ferguson Middle East to offer its range of offshore containers refrigeration containers and its accommodation and workspace modules to a wider market and range of companies operating within Middle East. Mike Melville commercial director for the Ferguson group says: The launch of our new offices in Dubai last year was an extremely positive move for the company. Having this new office in Abu Dhabi is a great start to 2013 for Ferguson Middle East and I am excited about the future plans for our Middle East offices as the company is able to expand better support the offshore energy secto...

IN ORDER to serve its Gulf-based customers in a better and quicker way Ventil Test Equipment one of the world s leading manufacturers of high pressure test equipment for industrial safety control and shut off valves is planning to expand its Middle East operations currently being run through its subsidiary Ventil Middle East located in Saif Zone Sharjah UAE. The Netherlands-headquartered company is looking at the possibility of stationing a rental fleet of valve test and repair machines and containers in the UAE to facilitate the requirements for overnight solutions. At the same time it also plans to introduce the Ventil Valve Academy a training centre in valves and valve repair into the Gulf region. Globally we see a growing awareness that plant safety and efficiency is directly affected by non-performance of valves either in terms of output or in terms of reliability and availability. Ventil can provide the tools and know-how to maintain and even impr...

EQUIPMENT rental company Byrne Investments Saudi Arabia Limited is looking forward to create a niche as the single largest all equipment rental solutions under one roof provider in Saudi Arabia. We will continue to work at growing our company profile and services across the Middle East following an exclusive business plan driven by commitment to deliver world class presentation and quality in terms of products and services says Rajnish Kar general manager Byrne Investments Saudi Arabia Limited. The company provides the largest range of rental products and solutions under one roof across the Saudi Arabia to support various sectors like oil and gas construction infrastructure manufacturing and events. For Byrne business during the last year has been good and the company has successfully established five branches with five operating depots across the kingdom. We have successfully established five fully operational points across the kingdom. T...

HIGH temperature resistant and Hydrogen resisting CrMo (V) steels have been around for a very long time and have found use with great success for applications in the petrochemical respectively in the power generation industry. Typical products for these industries are heaters heat exchangers reactors and hydrocrackers usually build as heavy wall pressure vessels (up to 350 mm wall thickness). In a continuous strive for optimising the economics in the various process installations in these industries the service pressures and/or temperatures have increased. This implied that the respective base materials either had to be made available in heavier thicknesses or they had to be developed to meet higher strength and impact toughness requirements. Increased mechanical properties will reduce or at least restrict the necessary wall thickness which generates an additional economical advantage in production handling and installation of heavy process ...

GLOBAL heavy lift and transport company ALE was declared the winner of three awards at the ESTA Awards of Excellence 2012. The ceremony held in Paris saw ALE pick up the awards for: Innovation award for end users Crane job of the year (Lattice Boom cranes) SPMT job of the year Mark Harries global managing director at ALE and Kees Kompier regional director of Europe at ALE both attended the event. Mark said: Winning these three awards highlights how strong the last 12 months have been for ALE and it s great to see that that the AL.SK190 is not only being recognised for its design but also for the record breaking lifts that it s capable of performing during projects. Kees also commented: To stay ahead of the competition we need to ensure that we continue to develop innovative equipment. The Mega Jack was a huge project for the team here in Breda so we re delig...

THRIFTY Car Rental in the UAE announced its offering of high-end sports cars to customers with the addition of the 2012 model Ford Mustang 5.0 and the 2012 Dodge Charger. With a first quarter 2012 purchase of more than 1 500 vehicles Thrifty s overall fleet in the UAE is now over 15 000 vehicles. There are a number of regional travellers to the UAE who visit for an extended weekend. Many of these tourists appreciate the flashy lifestyle of the UAE especially the big cities of Dubai and Abu Dhabi and a flashy car would complete the total experience said Rahul Singh general manager Thrifty Car Rental UAE. Thrifty sees tremendous opportunity in the UAE as the travel market continues to improve. The increased number discounted deals in hotel stays and tourist activities has led to a rise in the in-bound tourist traffic resulting in increased business activity for Thrifty Car Rental by over 35 per cent at the end of Q1 2012 compared to Q1 2011...

THE boom in online shopping across the Middle East is spreading to car rentals and Hertz UAE expects major growth in 2011 to continue at the same rate this year. The UAE market leader announced that it experienced a 35 per cent increase in online bookings for daily and weekly car rentals in 2011 over 2010. Neil Munro sales and marketing manager Hertz UAE says In 2011 we experienced more demand for partner oriented solutions and this is another trend we expect to continue this year. Corporates are looking for more diversified products such as buses and chauffeur services when hosting events. They want help with their holistic solutions these days rather than a few vehicles for a couple of weeks. Online shoppers in the UAE Saudi Arabia and Egypt spent 1.01 billion on internet retail sites last year and Hertz UAE s online sales growth was driven by increased brand awareness. He further added We have made a huge investment in the people in our busi...

Thrifty Car Rental a franchisee of the Dollar Thrifty Automotive Group Inc and the largest car rental company in the UAE announced the launch of its new full-serviced rental counter in Ibn Battuta Mall the world s largest themed shopping mall. The counter will provide a variety of customer services including rates reservations confirmations cancellations account information payments renewals and customer relations. Rahul Singh general manager Thrifty Car Rental said Shopping malls are an important focus for Thrifty Car Rental in the UAE. Our mall outlets contribute to over 25 per cent of short-term rental busine...

RENTAL Solutions & Services (RSS) a global provider of rental power temporary cooling and mobile water solutions is an active player in Saudi Arabia and the rest of the Gulf region. The company s services are used across a wide range of industries including the oil and gas sector. In Saudi Arabia RSS Saudi has offices in Dammam and Al Khobar and is looking to further boost its business in the kingdom. Earlier this year RSS said it supplied additional power to the Hail power plant in Saudi Arabia helping it ward off potential power cuts. There are power outages in the Gulf region every summer particularly in the UAE Saudi Arabia Oman Qatar and Kuwait. Moreover Mena (Middle East and North Africa) in general is experiencing power outages all year round. This is particularly true in Iraq Yemen Afghanistan Syria Jordan Egypt and Algeria due to the lack of power infrastructure says RSS general manager power projects Peter den Boog...

THE J D Neuhaus company will be showing some of their lifting and handling equipment at the Offshore Europe 2011 exhibition. Their products which have been designed to withstand the toughest operating conditions can be found in hall 5 on stand 5D111 at the event being held in Aberdeen from September 6 to 8 2011. The company motto of tough enough can be confidently applied to their exhibits which include a Profi 50 TI hoist which is a hook suspended super versatile tool with a 50 tonne payload performance. This is being shown together with an EH 25 hoist recently added to their range which is overhead rail mounted and suitable for 25 tonne lifts. This product was purpose designed for BOP handling and many other oil and gas applications. Both products offer the benefits of 25 per cent less air consumption lubrication-free low component count and less maintenance with reduced noise operating levels. The Pro...

DOLLAR Rent a Car a franchisee of the Dollar Thrifty Automotive Group (DTAG) has announced its expansion into Saudi Arabia in a franchise agreement with Al Wefaq Rent A Car. The company s office in Al Rawabi Riyadh will serve as the Dollar headquarters for car rental services in Riyadh Jeddah Al Khobar and Jubail. It will be managed by Nasser AlQahtani who will act as chairman and CEO. Dollar will target corporate customers in the kingdom as well as catering to holiday makers and short-term business tourists. Saudi Arabia is a hub for regional and international investment at the moment said AlQahtani. Tourism is increasing at a steady pace we have an influx of business tourists with the opening of new offices for international corporations and local businesses. The leisure business will be driven by residents who frequently opt to rent cars for journeys to Bahrain and the UAE. Saudi has also been a hub for religious retreats and w...

THE Ferguson Group specialists in the rental of containers and accommodation and engineering modules to the offshore energy industry around the world has launched a new company to meet growing demand for offshore fridge and freezer units. Steven Ferguson managing director of the Ferguson Group says: IceBlue Refrigeration Offshore has been formed in response to increasing global demand for specialist fridge and freezer units. It is starting with the same values as all our companies to provide high-quality products short lead times and exceptional customer support in the UK and key international locations. IceBlue already has a modern fleet of refrigerated units available and plans are in place to significantly grow the fleet size over the course of the next 12 months. We have recruited a number of staff with knowledge of the rental sector to spearhead the new company and believe it will grow rapidly to become an industry leader he continues. IceB...

RENTAL Solutions and Services (RSS) a global provider of rental power temporary cooling and mobile water desalination has announced its commitment to support the oil and gas sector within the region of Middle East and India-subcontinent. Rental power solution for the Oil and Gas market is one of the less affected businesses by the recession in the region. Says Robert Bagatsing group marketing manager of RSS: We are still seeing impressive growth expansions and diversifications in the oil and gas sector even the global economic climate is dire. The oil and gas sector has already recovered from the global recession and this reflects the overall business performance of various oil and gas producing countries especially in Saudi Arabia Qatar UAE Oman Bahrain Kuwait Brazil and Russia. It makes sense for rental power companies like RSS to pursue the oil and gas sector. Milan Balac managing director of RSS mentions a couple of oil and gas projects in...

LEADING car rental provider Dollar Thrifty is about to expand its operations with the signing of agreements for Dollar offices in Morocco and Jordan. The company also expects to be moving the Dollar brand into Libya early next year the country is already served by Thrifty. And Sam Eltibi executive director for Mena said he is actively seeking further franchisees around the region. At the moment most are coming through word of mouth which shows the value of our brands since our existing franchisees are recommending us he said. Speaking at World Travel Market (WTM) Eltibi added that 2011 will also see increased trade show participation to increase the brand awareness particularly in the European market in line with increased flight options to and from the region. Thrifty Car Rental in Oman also recently announced that it is increasing its fleet size by 10 per cent in response to a strong demand for car rental in the sultanate. We are exp...

BYRNE is one of the longest established and best-known companies in the region where through network of 10 operational bases spread across Saudi Arabia Qatar the UAE and Oman it specialises in the provision of high-quality equipment rental solutions to a broad variety of business sectors including oil and gas construction marine and the leisure and tourism industries. In the extremely buoyant market of Saudi Arabia Byrne with the most diverse range of equipment under one roof is arguably the only supplier of its type in the Saudi plant and equipment rental industry. From the initial establishment of a small depot in Saudi Arabia in 2001 Byrne has grown rapidly and today it operates through three operational bases in the kingdom situated in Jubail Al Khobar and Yanbu. A fourth branch is in the process of being set up in Riyadh its sales infrastructure is already in place and a suitable base is being finalised to become fully operational in t...

HUISMAN the Dutch specialist in heavy lifting pipelay and drilling equipment has designed and manufactured the drilling tower and related pipe riser and blowout preventer (BOP) handling equipment for the first Shell/Frontier Bully drill ship which was recently shipped from the Huisman quay in Schiedam to the Keppel Shipyard in Singapore. Delivery of the equipment is in line with the delivery schedule of the new build Bully 1 vessel at Keppel Shipyard. The Huisman delivery of similar equipment for Bully 2 is planned in five months time says a company press release. All equipment has been manufactured at the Huisman production facility in The Netherlands. The drill tower has been suspended on the quay fully assembled and tested prior to transportation. Also the top drive and service loops were installed. The drill tower will be installed onboard the vessel with a single lift. Subsequent commissioning of the complete system is expected to take less than ...

POOLE-BASED engineering firm Modulift UK has played a key role in the assembly of GRE pipes during the second phase of the construction of Ballanaboy Gas Terminal in Ireland. With the assistance of the Modulift lattice system approximately 3 000 metre of jointed pipes have been lifted into trenches for works inside the terminal. In conjunction with Shell E&P Ireland Roadbridge and Walsh Crane Hire Modulift supplied two 24 metre lattice systems as well as a sling assembly to support the rigging of a single 36 metre spreader beam to enable varying lengths of pipes to be lifted in a safe and controlled manner. Roadbridge the civil engineering and building contractors were contracted by Shell E & P Ireland to construct the civil works element of the terminal to receive gas from the Corrib field which is located in the Atlantic Ocean 83 km off the west coast of Ireland for processing prior to entering the national grid. Walsh Crane Hire was contr...

ORCA Offshore is a range of fresh water generators that use vacuum distillation to convert up to 70 tonnes of sea water into potable water per day. Developed by Alfa Laval specifically for use offshore the Orca range is constructed from titanium and other corrosion-resistant materials to a simple design that ensures a long working life and low operating and maintenance costs. The core of the equipment is a plate heat exchanger with titanium plates that acts as both an evaporator and a condenser. Thanks to its corrosion resistance Titanium is the ideal material for seawater desalination systems and compared to a shell and tube exchanger with its greater surface area and welding the compact and light weight Orca plate heat exchanger represents a distinctly less expensive proposition. Over the years Alfa Laval has built a market leading position in plate technology and its application to desalination processes. Much of the world s merchant fleet uses Alfa Laval desal...

TOURISM experts have all agreed that this year is going to be tough that the industry faces a dismal year and that leisure tourism in the Middle East looks set to decline. Hotels in the Middle East and North Africa region are experiencing lower occupancy rates Dubai reported a decline of 5.6 per cent in November 2008 over the same period the previous year according to the Smith Travel Research (STR) global report. It therefore looks likely that car rental businesses many of which had enjoyed rapid growth last year will take a dive too. However all is not completely bleak. Thierry Domballe regional director Avis Europe Mediterranean Middle East & Ireland believes that despite the global downturn the region was still benefiting from a level of development that should be built upon. Energy projects infrastructure and other industrial related development will continue to fuel business demand and we also see continued leisure opportunities based upon the very d...

Industrial Flow Control Ltd has supplied 350 000 (around 700 000) of equipment for a new multi million pound natural gas plant being built in the Republic of Yemen. Yemgas is building a new LNG (liquified natural gas) plant in the south eastern port of Balhaf. Yemgas is made up of a consortium of companies - including Technip and MW Kelloggs. This consortium urged IFC to quote for the design and supply of equipment including diesel fuelling and tanker/ marine offloading equipment. The new gas plant will process and handle 6 700 000 tonnes M of LNG on board ships. The IFC equipment will supply diesel to site vehicles and offloading equipment. IFC s part in the project has been ongoing for almost a year. The equipment shipped to the Yemen last month included: Two bottom loading skids for road tanker filling Four bulk intake metering cabinets for both road tanker and marine coaster deliveries to the site storage tanks Three high speed disp...

The ATR Group of Aberdeen has just invested over 400 000 (around 805 000) in rental equipment and transportation with plans to invest a further 2 million over the next two years. The specialists in rental of oilfield equipment tools and products to the offshore maintenance market have purchased a new articulated low-loader for transportation of large plants such as compressors generators and containers. The 60 feet Scania lorry is equipped with a 50 tonne metre rated crane one of the highest rated lorry-mounted cranes available in Aberdeen. It is capable of lifting and carrying 40 foot containers weighing up to 4.5 tonnes. In response to growing demand the company has also invested in six new 1060 cfm compressors for offshore use with plans to purchase more. These are rigsafe rated units for use in non hazardous offshore areas and can be supplied with or without lifting frames and are fully certified to client requirements. ATR director Robert Skidmore ...

Car rental companies across Dubai will need to make significant adjustments to their business models as current market trends show a major shift towards leasing. Bob Farrow vice-chairman of the Dubai Car Rental Group and general manager of Hertz UAE said that growth of the rental market in Dubai was being now driven by expatriates arriving in the country on short-term work contracts and corporate clients rather than by tourists. The Dubai car rental market is predicted to grow by 20 per cent in 2007 largely due to a growing trend for new residents to lease rather than buy a car and an increase in the corporate leasing business. Farrow made the forecast while announcing Hertz UAE s latest leasing deals a choice of three Jeep models for between Dh2 499 ( 680) and Dh3 750 per month. Our research shows that there is an increasing number of people in the UAE who want an easy and reliable mode of transportation but don t want to commit to buying a car perhaps be...

BAHRAIN Airport Services (BAS) is investing BD10 million (26.5 million) in new equipment and services for a total facelift to the 30-year-old company it was revealed yesterday. It will also spend BD300 000 on training for its Bahraini staff next year said board chairman Fawzi Kanoo. We are committed to providing total quality ground support he told a press conference at the BAS headquarters in Muharraq recently. Our belief is that customers and clients are looking for the best in personalised service. We as one team will go that extra mile to provide that. As we enter 2007 we have 2007 employees and 87 per cent of them are Bahrainis. Kanoo deputy chairman Jalal Mohammed Jalal and general manager for human resources Salman Al Mahmeed briefed the media about the company s achievements and future plans. The media members were also taken on a tour of the BAS Aircraft Engineering Training Centre as well as the catering facilities. The investment of BD10 mil...

GE s Oil & Gas business will supply eight compressors and a steam turbine power generation set for the expansion of Emirates National Oil Company (Enoc) condensate refinery at Jebel Ali near Dubai in the UAE. When the expansion project is completed by the end of this year the output of the existing units at the refinery would be sustained at 120 000 barrels per day of distillates. The upgrade would enable the refinery to produce high grade reformate. The engineering procurement and construction (EPC) contractor for the project is Foster Wheeler London UK. GE will provide five centrifugal compressors and three reciprocating compressors all driven by electric motors for use with the expanded plant s naphta hydrotreater and continuous catalytic reformer. The GE steam turbine generator set will operate on steam coming from the refinery processes to produce power for the plant. All of GE equipment will be manufactured at GE s facilities in Florence Ital...

Work by the CSIRO Minerals team in Australia to analyse oil rig wastewaters has demonstrated the robustness of Malvern s Mastersizer design and the breadth of applications for which this family of particle size analyzers can be used. The work was carried out on a platform 130 km out at sea using a Mastersizer which had been transported directly to the site. Despite the rigours of transportation alignment of the unit had barely changed and it was ready for use in a matter of minutes. The Mastersizer was used to perform particle analysis on waste waters to help identify the most effective treatment before disposal. Analysis had to be conducted on site as the samples contained oil droplets that coalesced or creamed out within minutes which would change the nature of the sample irreversibly. In a very different environment the CSIRO Minerals team transported the Mastersizer to an alumina refinery to analyse highly caustic liquor samples. As the caustic na...

Alimak AB headquartered in Skellefteå Sweden is one of the world s leading specialist in rack and pinion-driven equipment for vertical transportation. It develops manufactures and markets passenger/materials hoists for the construction industry permanently installed goods/passenger lifts for industrial environments and a range of equipment for applications in underground mining civil engineering and hydroelectric power generation. Alimak equipment is available through a worldwide network of Intervect subsidiaries regional offices and distributors. The company s philosophy is to provide large volume standardised products as well as custom-built specialist equipment based on the rack and pinion technology. Whenever possible the products are based on a modular concept so that fully tried and tested standard components can be used to suit the widest range of individual applications. Alimak rack and pinion industrial lifts are used in all kinds of industrie...

ABB Lummus Global has been providing the process industries worldwide with the design and supply of specialised heat transfer equipment. The Lummus Heat Transfer division of ABB Lummus Global has built fired heaters of every size and type often being the forerunner in the field of new design applications fuel technology and pollution control. Lummus Heat Transfer has designed and built SRT (Short Residence Time) pyrolysis heaters for the ethylene industry. SRT heaters are used to produce over 40 per cent of the world s total annual ethylene capacity. It makes steam reformers for applications in ammonia methanol hydrogen and towngas plants and for the reduction of iron ore. The company has built more than 50 heaters for visbreaking projects and fifty per cent of the world s existing cokers some of which produce needle and super needle coke. Several hundred crude and vacuum heaters with absorbed duties as high as 120 MW charge and recycle heaters for hydrocra...

WEG has received an order from Rolls Royce Power Engineering for the supply of 11 31 250-KVA 4-pole 1120-frame generators for use on to two of the world s largest oil platforms -- Petrobras 51 and 52 (P51 and P52). The WEG generators will be coupled to RB-211 Rolls-Royce turbines the same type of engines used on Boeing 747 jumbo jets the company has said. The package of the 31 250KVA (13 800vo1t) WEG generators and natural gas-driven RB-211 engines provide each of the Petrobras floating platform units (FPU) with a cost-effective power-generation system that delivers high efficiency and offers considerable space saving and an unmatched power to weight ratio claimed the company. In addition to supplying its RB 211 turbines Rolls Royce is also contracted to supply all integration and installation engineering for the power generation systems on both P51 and P52 floating platforms. P51 the latest of the two rigs is set to operate off the Rio de Janeiro state coa...

ARAB travellers are increasingly using the Internet to make car rental bookings say industry insiders. Over the next five years we will see a total swing to online bookings by perhaps to much as 35 to 40 per cent of total bookings said John Andrews director associations GSA and Middle East Hertz Europe. Currently online bookings only make up about eight per cent of total business. As the availability of access to the Internet increases the number of people using the web for all kinds of functions is multiplying said Andrews. Everyone is taking to the Net to explore various possible destinations and activities travel possibilities and more. Hertz believes it is uniquely poised to take advantage of that trend with a newly-relaunched website that gives the user an instant quote with a minimum of clickthroughs. The ability to convert that instant quote into an immediate booking is perfect for the Arab customer said Andrews. Online bookings he added...

Dubai-based Specialist Services new Offshore Hire Division has been developed to supply Certified Offshore Offices and Accommodation to the marine and oilfield industries. The designer and manufacturer of marine and oilfield certified accommodation has now launched a rental fleet to meet customers emergency short and long-term commitments. The fleet is certified to Lloyds DNV and ABS requirements and includes A60 Zone 2 Certified Accommodation and A60 Zone 1 DNV 2.7-1 & 2 Certified Wellhead Offices. The idea of developing this product line is to enable greater customer flexibility in implementing their short medium and long terms contracts throughout the world says Philip Bond Specialist Services Managing Director. Contact: Specialist Services; Tel: 971 43472646; Fax: 971 43472148; e-mail:specserve@specserve.com ...

Dubai Shopping Festival visitors from around the Gulf region will be able to take advantage of Hertz car rental offers when the annual extravaganza takes place with more than 300 events to look forward to. Al- Futtaim Sons Hertz franchisee for the UAE and part of Al-Futtaim Group a Key sponsor of the Dubai Shopping Festival offers 25 per cent off all car rentals as well as free car upgrades in Dubai throughout the event taking place from January 15-February 15. Hertz UAE representatives are promoting the packages to travel agents in Saudi Arabia this week during the official Dubai Shopping Festival roadshow which is being organised by DSF in conjunction with the Government of Dubai s Department of Tourism and Commerce Marketing and Emirates Airline. Beginning in Muscat it continued through Doha Kuwait and Bahrain Riyadh Al Khobar and finally Jeddah. A Hertz UAE team is among representatives of 34 leading Dubai hotels tour operators and c...

Operating from its Abu Dhabi and Dubai offices UAE-based INMA - Gulf Development & Construction LLC supplies the country with equipment for the oil and gas construction and industrial sectors. Established in 1972 the firm s corporate goal was to meet the demand for quality equipment in the these sectors through the supply of internationally recognised brands. The local component of these technical services and aftermarket spares would also offered by INMA as would be after sales support spare parts and ready on-call local availability of these services. Ten years later having established its presence in the market INMA struck up a partnership with compressed air construction and mining equipment provider Atlas Copco AB of Sweden. The partnership proved to be a fruitful one for INMA and it heralded the birth of other partnerships. For the oil and gas sector Atlas Copco has also developed products for instrument air applications one of the most pop...

Saudi Steel Pipe Company (SSP) successfully commissioned Induction Bending Equipment in its factory in Dammam s Second Industrial City in Saudi Arabia recently according to the company. This new service has a capacity for hot bending pipe in diameters from 3 through to 42 with wall thickness up to 100mm. Pipe of any manufactured type namely SAW SML ERW HFI etc. is suitable for bending to any angle or combination of angles as specified for the application. Additionally the equipment is not restricted to bending steel pipe and in fact is not restricted to pipe at all. Any carbon or alloy steel aluminum or other metallic material can be hot bent including bar stock extruded shapes beams etc. The equipment is not restricted to a single conventional bend of 30 45 or 90 degrees in a single two-dimensional profile. Three-dimensional bends are easily accomplished. SSP has long been recognised as the premier manufacture of welded steel pipe i...

Saudi Steel Pipe Company (SSP) has successfully commissioned Induction Bending Equipment in its factory in Dammam s Second Industrial City according to the company. This new service has a capacity for hot bending pipe in diameters from 3 through to 42 with wall thickness up to 100mm. Pipe of any manufactured type namely SAW SML ERW HFI etc. is suitable for bending to any angle or combination of angles as specified for the application. Additionally the equipment is not restricted to bending steel pipe and in fact is not restricted to pipe at all. Any carbon or alloy steel aluminum or other metallic material can be hot bent including bar stock extruded shapes beams etc. The equipment is not restricted to a single conventional bend of 30 45 or 90 degrees in a single two-dimensional profile. Three-dimensional bends are easily accomplished. SSP has long been recognised as the premier manufacture of welded steel pipe in the Middle East. The ...

A Bahrain-based car rental company manager is taking part in the London Marathon in April for charity. Budget Rent A Car general manager Brian Davies will be running the Marathon in Daily Telegraph / Brain & Spine Foundation Team which also includes Des Lynam a prominent sports personality on UK television who is the captain and champion jockey Richard Dunwoody. Although I have been a runner for many years I have always said that the marathon is far too long and far too difficult even to attempt but during 2001 my teenage son underwent a six-month course of chemotherapy whilst at school in the UK said Davies. During this time I was on a visit and watched him in a rowing event in York and was impressed with his attitude in the face of considerable adversity relating to the treatment. I resolved to do something to repay back the efforts of the hospital school and those who had given him so much support. He said 50 per cent of the mon...

The Quick Change 47S6 is the latest sample filter from the UK-based Balston designed to protect expensive analyser equipment from contaminant damage. Usually mounted in a horizontal orientation the bowl can be unscrewed and the element changed without breaking the line or affecting the connections and fittings. Quick Change makes for faster and more convenient element change so cutting costly downtime says the company. Able to filter either gases or liquids the Balston Quick Change is an attractive option for the petrochemical and other heavy industrial and chemical applications adds the company. Of stainless steel construction this compact filter measuring just 4cm x 9cm will withstand high pressures (up to 103 barg) and give unimpaired performance in temperatures of up to 204 degrees C says the company. Inlet outlet and drain ports are located in the head and the unit incorporates an additional port for optional pressure test...