Byrne Equipment Rental, one of the largest industrial equipment rental companies in the Middle East said this week it plans to invest more than U.S. $4 million into its new office complex at Dubai Industrial City. The new 401,000-square-foot headquarters complex will house Byrne’s main offices in Dubai, U.A.E., as well as the general rental, projects and events divisions, with offices, warehouses and workshops.
“There is a growing demand across the region from companies that prefer to rent rather than purchase and maintain expensive equipment, which is a drain on their capital,” said Graeme Clack, CEO of Byrne Investment, parent company of Byrne Equipment Rental. “We found DI to be the ideal base offering us ready access to our key markets of Abu Dhabi, Dubai and the Northern Emirates.”
Clack said Byrne has about a 20-percent share of the UAE equipment rental market, valued at about AED 1.2 billion in 2011 (about U.S. $327 million).
Founded in Dubai in 1992, Byrne specializes in supplying a wide range of rental equipment to the region’s oil and gas, marine, construction, tourism, retail and logistics sectors, along with 24-hour support. The company has facilities in Abu Dhabi, U.A.E.; Qatar; Oman; and Saudi Arabia.
