Author: Stephen White

The UAE construction equipment market is expected to grow at a CAGR of 6.20% from 2022-2029, says a new report by Research and Markets. The firm said the growth in the UAE market will be driven by government investment in public infrastructure and projects such as the development of Al Quoz Creative Zone, a master plan to create a cultural and creative destination in Dubai. The master plan is designed to include various infrastructures, public services, and commercial spaces. The project is expected to be completed over the next four years, i.e., 2026. The zone will also provide residential facilities…

Deyaar Development has begun construction on its three plots in Al Furjan comprising of Millennium Talia Residences, Amalia Residences, and development of a third plot which will be announced soon. The total value of the project will be approximately AED 300 million, and once completed, the three plots will comprise residential units and hotel apartments and will include approximately 371 diverse units consisting of one, two and three bedrooms. “We are pleased to announce the commencement of construction works for these important projects in the Deyaar portfolio at the heart of Al Furjan, one of Dubai’s most up-and-coming districts,” said…

Dubai’s Roads and Transport Authority (RTA) is constructing 19 truck rest stops and lay-bys across several ‘hotspots’ in Dubai in a joint venture with the private sector. The project includes three Integrated Truck Lay-bys: one in partnership with Abu Dhabi National Oil Company (ADNOC), and two in partnership with Almutakamela Vehicle Testing and Registration. In cooperation with ADNOC, RTA will also construct 16 truck rest stops in Dubai covering six key locations, strategic roads, and logistics hubs that attract a huge number of trucks daily. These include Sheikh Mohammed bin Zayed Road, Emirates Road, Dubai-Hatta Road, Dubai-Al Ain Road, Jebel…

A new partnership between Conares and C&D should provide the GCC with access to a wide range of top-grade Chinese steel products in industries, including construction, infrastructure development, and manufacturing, say both parties. Conares, the second-largest private steel manufacturer in the UAE, has partnerrd with C&D, a Fortune Global 500 company focused on supply chain operation services and real estate development based in the city of Xiamen, China. This “groundbreaking collaboration will empower” the Chinese corporation to distribute high-quality steel from China in the GCC region, strengthening trade ties between them, they said in joint statement. The official signing of…

Wa’ed Ventures, the Kingdom-based venture capital arm of Aramco, announced a strategic investment in Tenderd, a startup specialising in AI-enabled technologies for real-time emissions intelligence. The platform provides customers with AI-generated insights to increase asset utilisation and reduce emissions, targeting heavy industries such as construction and logistics. “Our investment in Tenderd reflects our commitment to addressing sustainability challenges facing the industrial sector and providing solutions to decarbonise their operations,” said Fahad Alidi, Managing Director at Wa’ed Ventures. “Tenderd brings transformational solutions to traditional capital-intensive industries such as energy, construction, and logistics sector by utilising AI-generated insights to increase asset opimisation…

Saudi state mining giant Ma’aden and US-based Ivanhoe Electric have closed a deal to investigate 48,500 sq km of under-explored lands in the Arabian Shield for “critical minerals” that are key to powering the global energy transition. Surveys could begin as soon as September in the new joint venture, which is worth nearly $130 million, reports AGBI. The Saudi region – roughly the size of Switzerland – is understood to be rich potential for critical minerals such as copper, nickel, gold, silver and possibly lithium. Lithium is of great interest to Saudi Arabia as it is a key component of…

Out of all equipment categories sold at Ritchie Bros.’ June auction in Dubai, excavators again proved to be among the most popular items to sell. This equipment category saw a 17% increase in inventory sold compared to the company’s March auction. Appetite to buy equipment remained steady at the internationally attended auction, with wheel loaders, crawler tractors, forklifts and backhoes performing particularly strongly. The online auction featured over 1,200 pieces of machinery, trucks, vehicles and other items, and attracted bidders from around the world. “Our online timed auctions make it easy and fun to join. We had 970 registered attendees…

The Saudi Arabian construction industry has been experiencing a significant boom in recent years, driven by ambitious infrastructure projects, urban development, and economic diversification efforts. As the industry expands, so does the demand for more advanced construction equipment currently in the market as well as raw numbers when it comes to filling out inventories. Take powered access equipment for example. Talking to people involved in the market, they estimate that there is roughly 6,000 units currently available. At the moment, while projects like NEOM are in the early stages, that is not a problem. But if Saudi is to achieve…

The third terminal of Abu Dhabi’s airport is an architectural tour de force. But the futuristic architecture provides a challenging environment to maintain without specialised services. That is why PALFINGER Megarme was commissioned to assist during the final post construction cleaning and rectification process. Airport buildings are said to be the cathedrals of the 21st century. Abu Dhabi’s new Midfield Terminal Complex definitely is a proof for this claim. The in itself impressive Terminal building – which is to process up to 80 million passengers each year – culminates in the 50-meter-high Departure Hall, largely column-free through the use of…

The region’s first event created for B2B and B2C professional fleets wanting to make the switch to new forms of mobility and those already on their journey to a greener future. Governments and authorities across the region are investing billions into green transportation helping to foster business and consumer demand for cleaner forms of mobility. This is changing the business fundamentals of B2B and B2C professional fleets who must consider how they can adjust to this changing landscape. The Green Fleet Summit is a new kind of event that will gather car rental companies, fleet services and fleet owners of…