JCB and ADCB partner to offer JCB Finance
JCB Finance to be offered after deal between local dealer Galadari, JCB and ADCB
JCB’s Robert Winter, Khalid Abd El Wahab of GTHE and Nilanjin Ray shake on deal
Buyers of JCB equipment in the UAE can now apply for finance via Abu Dhabi Commercial Bank.
JCB Finance is the fruit of a partnership between local dealer Galadari, JCB and ADCB. The alliance says that the programme will be offered through ADCB will be available to JCB equipment users throughout the UAE.
The UAE market is perceived to be among the most mature in the Gulf but its construction sector has suffered from a lack of cash flow after numerous project delays and disruptions to traditional routes of raising finance. JCB Finance through ADCB means that JCB now joins Caterpillar and Volvo in offering a credit line to contractors and equipment operators.
“The combination of our local dealer Galadari with its strong customer focus and outstanding service pedigree together with the extensive capabilities and excellent market reputation of ADCB make this an exciting development for all of us,” said Robert Winter, Director of JCB Finance global operations. “ Extending the reach of JCB Finance into the UAE is a key factor in supporting our ambitious growth plans for the years ahead.”
“The introduction of JCB Finance in the UAE is the continuation of the successful partnership between Galadari Trucks and Heavy Equipments and JCB established in 1978,” said Khalid Abd El Wahab, JCB Division Manager of GTHE. “According to our growth plan for the UAE market, customers’ satisfaction is our main target to achieve our plan. We believe that the introduction of JCB Finance will be an additional tool for offering a complete package to our customers and meet the current market demand. The success of JCB Finance is granted especially when it comes to the strength of our partners with strong professional back up from JCB and the outstanding reputation of ADCB in the UAE.”
