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 Byrneâ€™s main offices in Dubai, U.A.E., as well as the general rental, projects and events divisions, with offices, warehouses and workshops.
â€śThere 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,â€ť said Graeme Clack, CEO of Byrne Investment, parent company of Byrne Equipment Rental. â€śWe found DI to be the ideal base offering us ready access to our key markets of Abu Dhabi, Dubai and the Northern Emirates.â€ť
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 regionâ€™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.