(MENAFN- Khaleej Times) Galadari Trucks and Heavy Equipment Co (GTHE) is upbeat on its outlook for the heavy equipment sector this year amid signs of recovery in the construction industry, Samer Khalid, Acting General Manager of GTHE, told Khaleej Times.
GTHE, a flagship company in the Galadari Brothers group of companies, is confident to become the number one provider for earth moving and materials handling equipment in the country by 2015. GTHE is the exclusive distributor of a number of leading international brands of heavy earthmoving, construction and materials handling equipment.
"The heavy equipment sector in the Middle East, especially in the UAE, had been negatively affected after the worldwide market recession in 2008, but we see positive signs of recovery coming through the UAE for the heavy equipment sector in 2013," Khalid further said.
The positive sentiment of the regional construction industry is buoyed by healthy economic indicators and strong recovery in the real estate sector. As per recent reports, the value of completed projects in the region is expected to hit more than $80 billion in 2013 while new construction contracts worth $64.5 billion are set to be awarded during the year.
Construction projects worth $39.4 billion were underway in the UAE last year, and the sector is likely to record a growth rate of 9.5 per cent between 2012 and 2016. The UAE construction industry is driving growth in the region with ongoing projects, investment into green open spaces and strong government support.
"Some huge projects have commenced, such as the DXB- ADH Road, Union Railway, Mafraq-Al Ghweifat International Highway and oilfield projects, which indeed reflect a positive growth for the heavy equipment sector in general and GTHE in particular. GTHE is seeking to gain the maximum market share and has set a vision to be the number one customer provider in the UAE by 2015," Khalid added. As part of its business strategy, GTHE participates in local and international exhibitions to make inroads into the construction industry and establish stronger contacts with main stakeholders. The company displayed its latest earth moving and materials handling equipment at the recently concluded Water, Energy, Technology, and Environment Exhibition (Wetex) 2013.
"We presented five of our main principals namely Komatsu (Japan), Bomag (Germany), Link-Belt (USA), Atlascopco (Germany), and Komatsu Forklift (Japan) during the three-day exhibition on April 15-17," said Morad Musleh, Assistant Product Marketing Manager of GTHE. He said the main objective in participating in mega events like Wetex is to provide an opportunity to those who are interested in earth moving and materials handling equipment to interact with one another.
"We displayed a new model of Komatsu wheel loader and one model of Komatsu forklift at our Wetex stand so the visitors will know about the new features and see the advantages of these machines. We have sold the wheel loader on the second day of the event to one of our customers.
"We expect more opportunities after the exhibition because we believe that participating in exhibitions like Wetex can increase customer awareness about our products and services."
"We are also preparing for the Materials Handling Middle East Exhibition 2013 in September, as heavy equipment materials handling is also a very important and necessary sector, and one of our targets is to be a part of the big upcoming heavy equipment exhibitions," Musleh concluded.
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