The city that NEVER sleeps

Susan van Zyl

Kemptonpark, South Africa

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This article is over 2 years old, and what was stated here increased tremendously over the 2 years

Dubai has 30,000 construction cranes

Gulf News Report
Published: June 18, 2006, 00:00

Dubai: About 30,000, or 24 per cent of the world’s 125,000 construction cranes, are currently operating in Dubai, according to the organisers of the Conmex construction machinery exhibition.

Demand for construction related machinery, equipment and vehicles is expected to continue rising in the Middle East, especially in the UAE, due to the continuing construction and real estate boom.

In 2003, the UAE’s market for heavy construction machinery stood at $165 million, road construction machinery at $142 million and earth moving machinery at $125 million. The size has increased by 15-20 per cent since then.

Annual market demand for used machinery in the Middle East is valued at over Dh5 billion.

As of last April, there was almost $300 billion worth of projects underway in the UAE, according to a recently published report.

“Construction activity in the region is currently at its peak as a result of which the demand for related machinery, equipment and vehicles is experiencing a sharp rise.

“The indications are that there will be no let-up in this trend,” said Saif Al Midfa, director-general of the Expo Centre Sharjah.

Dubai, which continues to be the centre of construction activities, has experienced an increase in real estate investment from Dh11 billion in 2000 to Dh165 billion now.

Multi-billion dirham projects are also under way in Abu Dhabi. The UAE capital is expected to spend Dh47 billion on construction related activities in the next two years.

Within the northern emirates, Sharjah has been at the helm of the construction frenzy.

The emirate recently committed Dh3.5 billion towards developing its infrastructure.

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