17 July 2007
Mohamed Abdulrahman Al Bahar, sole agent for Caterpillar heavy plant machinery in the region with operations in the UAE, Kuwait, Bahrain, Qatar and Oman, has forecast a 20 per cent growth in sales of construction equipment this year as the unprecedented construction boom across the Middle East gathers pace. The company even predicted that the number of new machines sold into the construction, mining, and road building sectors across the five countries will exceed 10,000 for the first time in 2008.
Sudhir Tripathi, General Construction Industry Manager and Marketing Manager for Al Bahar, said: "Al Bahar's rapid growth forecast backs up recent industry estimates, which value existing and planned construction projects at $1.2 trillion in the Gulf alone. As the region forges ahead with its enormous infrastructure and expansion plans, this in turn is expected to increase demand for construction machinery in the Middle East by up to 20 per cent over the next five years."
Mohamed Abdulrahman Al Bahar, sole agent for Caterpillar heavy plant machinery in the region with operations in the UAE, Kuwait, Bahrain, Qatar and Oman, has forecast a 20 per cent growth in sales of construction equipment this year as the unprecedented construction boom across the Middle East gathers pace. The company even predicted that the number of new machines sold into the construction, mining, and road building sectors across the five countries will exceed 10,000 for the first time in 2008.
Sudhir Tripathi, General Construction Industry Manager and Marketing Manager for Al Bahar, said: "Al Bahar's rapid growth forecast backs up recent industry estimates, which value existing and planned construction projects at $1.2 trillion in the Gulf alone. As the region forges ahead with its enormous infrastructure and expansion plans, this in turn is expected to increase demand for construction machinery in the Middle East by up to 20 per cent over the next five years."
© Bahrain Tribune 2007
