Dubai-based House of Equipment won a US $5.4 million (AED20 million) contract to provide tower cranes for the construction of Dubai's $1.3 billion Meydan racing, tourist and leisure complex, at the Big 5 PMV yesterday.
House of Equipment is a subsidiary of Arabtec Holding, whose contracting subsidiary, Arabtec Construction, won the main contract in joint venture with WCT Engineering for the construction of the Meydan racecourse and hotel in September. The contract involves House of Equipment supplying twelve, 80m jib Yongmao tower cranes, each with a lifting capacity of 18 to 24 tonnes, from Chinese manufacturer Fushun Yongmao.
Spanning just over 7 million m2 and featuring dirt and turf tracks, the Meydan project will feature a world-class 55,000 to 60,000-capacity grandstand spread over 1km.
The development also includes training tracks and stables, a Goldolphin gallery and museum, luxury hotel, restaurants and entertainment clubs.
"Naturally we're delighted to have won such a valuable contract for this landmark project," said Waiel Manfalouti, general manager, House of Equipment.
"We were competing with six major suppliers and were judged on both technical and commercial aspects. The Yongmao Tower Cranes have CE approval, meaning they meet all EU requirements, and the CE mark was a key reason why we won the contract," he added.
Last year, the company sold 150 tower cranes worth approximately $34 million across the United Arab Emirates, Qatar, Bahrain, Saudi Arabia, Yemen, Jordan and Pakistan.
Earlier this year, Dubai Civil Engineering bought $10 million worth of Yongmao Tower Cranes for use in construction projects in the Dubai Marina development, Dubai Industrial City, Al Quoz staff accommodation, Ras Al Khaimah, Bahrain and Jordan's Amman Gate Project.
House of Equipment is among 240 manufacturers and suppliers of plant, machinery, construction vehicles and equipment from 24 countries which are using the Big 5 PMV as a platform to meet key buyers from across the region and overseas.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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