UAE Construction Equipment Rental Market to Grow 3.3%

The market has registered substantial growth as a result of increasing construction activities as well as the strengthening of commercial, hospitality and residential sectors, said the 6Wresearch report. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further, to avoid the cost of purchasing new equipment and to evade maintenance expenses, construction companies in UAE are opting for renting the equipment, said the report titled “UAE Construction Equipment Rental Market (2014-2024), which provides in-depth analysis with 81 figures and 59 tables covered in more than 190 pages.

Projects such as the $37-billion Yas Island Development and the $22-billion Masdar City which are expected to be completed by 2025 would increase the demand for construction equipment, it said.

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