Byrne to set up new offices in DIC by 2013
New headquarters will help expand business across the GCC as demand grows, CEO says
Byrne Equipment Rental announced on Sunday that its new $4.08m headquarters at Dubai Industrial City, would be complete by the year 2013.
The 401,000m2 headquarters will house Byrne’s main offices in Dubai, as well as the general rental and projects and events division. It will also include offices, warehouses and workshops with an estimated staff of 160 employees.
“There is a growing demand across the region from companies who prefer to rent rather than purchase and maintain expensive equipment, which is a drain on their capital. We found Dubai Industrial City to be the ideal base offering us ready access to our key markets of Abu Dhabi, Dubai and the Northern Emirates,” said Graeme Clark, CEO of Byrne Investment, the parent company of Byrne Equipment Rental.
“Our close proximity to the Al Maktoum Cargo Terminal will also allow us to draw on the growth of the airport and its related facilities, as well as enabling us to consolidate our presence in one area and expand across the GCC in a cost efficient way,” he added.
With a 20% share of the UAE market, Byrne’s business over the course of 2011 was worth $326.7m. Clark added.
The company currently operates out of Emaar Business Park, with three storage facilities in the Al Quoz Industrial area. It also has nine offices covering Abu Dhabi, Qatar, Oman and Saudi Arabia, with around 409 employees.
