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Article: Region's supplier of Caterpillar equipment forecasts 20% growth on back of construction boom.
- Article from:
- Middle East
- Article date:
- July 16, 2007
CopyrightCOPYRIGHT 2007 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The sole agent for Caterpillar heavy plant machinery in the region is forecasting 20 per cent growth this year as the unprecedented construction boom across the Middle East gathers pace.
Mohamed Abdulrahman Al-Bahar, which operates in the UAE, Kuwait, Bahrain, Qatar and Oman, also predicts 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.
The company's rapid growth forecast backs up recent industry estimates, which value existing and planned construction projects at US$1.2 trillion in the Gulf alone. As the region forges ahead with its ...