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Sat 23 Feb 2008 04:00 AM

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Tech Group secures 11 new piling machines

Ajman-based construction company, Tech Group, has announced the signing of US $12.5 million (AED45 million) deal with Italian firm, Soilmec, for the purchase of 11 piling machines.

Ajman-based construction company, Tech Group, has announced the signing of US $12.5 million (AED45 million) deal with Italian firm, Soilmec, for the purchase of 11 piling machines.

The machines will contribute to the operations expansion of Piling Tech, a subsidiary of Tech Group, which is one of seven specialist companies in the construction field.

Tech Group CEO, Ali Ghaleb Jaber, said that the acquisition of these machines forms part of the group's strategy for coping with the heavy demand for contracting services fueled by the ongoing real estate boom.

"We hear of new real estate projects being launched almost every other day," he said. "The property boom is here to stay, and the increased demand for high-quality contracting services has been a major catalyst for the expansion of our operations.

"These new machines will play a vital role in ensuring that Piling Tech - and, by extension, the entire Tech Group - maintains its position as a leader in the construction sector."

The purchase of the machines brings the total number of piling machines in Piling Tech's repository to 30, substantially increasing the firm's delivery capacity.

"With these pile drivers at our disposal, the entire piling process can be completed much more efficiently, leading to faster completion of foundation construction," Jaber added.

"This will enable developers and contractors to complete their projects sooner, thus making an impressive dent in the supply-demand imbalance currently faced by the region's property sector.

Dr Abdel Khalek Majeed Sultan, general manager of Piling Tech, said: "We are dedicated to the twin goals of buying modern equipment to remain up-to-date with the recent development in the country.

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