Dh15-million headquarter set to open next year
Byrne Equipment Rental today announced it will establish its new 401,000 square feet headquarter at Dubai Industrial City (DI), the region's primary manufacturing and logistics destination and a member of Tecom Investments.
Byrne Equipment Rental, a leading Dubai-based company specialising in providing equipment rental solutions to multiple industrial sectors, estimates completion of the Dh15m project in 2013.
The new complex will house Bryne's main offices in Dubai as well as the general rental and projects and events divisions, and will include offices, warehouses and workshops with an estimated staff of 160 employees.
Byrne currently operates out of Emaar Business Park with three storage facilities in Al Qouz Industrial Area. It has nine offices covering Abu Dhabi, Qatar, Oman, and Saudi Arabia, with a staff-strength of 409 employees.
Graeme Clack, CEO of Byrne Investment, the parent company of Byrne Equipment Rental, said: "There is a growing demand across the region from companies who prefer to rent rather than purchase and maintain expensive equipment which is a drain on their capital. We found Dubai Industrial City to be the ideal base offering us ready access to our key markets of Abu Dhabi, Dubai and the Northern emirates. Our close proximity to the Al Maktoum Cargo Terminal will also allow us to draw on the growth of the airport and its related facilities, as well as enabling us to consolidate our presence in one area and expand across the GCC in a cost-efficient way."
Byrne commands up to 20 per cent share of the UAE equipment rental market, and valued at Dh1.2 billion in 2011.
Abdulla Belhoul, Managing Director, Dubai Industrial City, said: "We are proud to host Byrne Investment in Dubai Industrial City. Such an increase in activity at DI is in line with the upward nationwide trend, which has shown a growth of around 12.8 per cent in industrial investment in 2011 as per the UAE Ministry of Economy's recent announcement. It also reflects DI's commitment to supporting the country's drive towards increasing the manufacturing sector's share in the GDP, from the current 16 per cent to a target of 25 per cent."
© Emirates 24|7 2012
