26.11.2007

House of Equipment wins AED 20 million tower crane contract

Dubai-based House of Equipment is to supply tower cranes for the AED 4.6 billion Emirate's Meydan racing, tourist and leisure complex.

The contract - worth AED 20 million (£2.6 million) - is to supply twelve, 80 metre jib Yongmao tower cranes, with lifting capacities between 18 to 24 tones, from Chinese manufacturer Fushun Yongmao Ltd.

The landmark Meydan development is the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It is transforming the Nad Al Sheba racecourse, already home to the Dubai World Cup, the world's richest horse race.

Covering 76 million square feet and featuring state-of-the-art dirt and turf tracks, Meydan features a world-class 55,000 to 60,000 capacity grandstand spread over one kilometre. 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 of House of Equipment, speaking at the Big 5 PMV.

“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.”

House of Equipment was established in 2004 as a subsidiary of Arabtec Holding PJSC. In the last year the company has sold 150 tower cranes worth approximately AED 125 million (£16.5 million) in countries including UAE, Qatar, Bahrain, Saudi Arabia, Yemen, Jordan, and Pakistan.

Earlier this year, Dubai Civil Engineering bought AED35 million worth of Yongmao Tower Cranes for use in constructing projects in Dubai Marina development, Dubai Industrial City, Al Quoz Staff accommodation, Ras Al Khaimah, Bahrain, and Jordan Amman Gate Project.