House of Equipment wins Meyden order

01 April 2008

Dubai-based House of Equipment has won an AED 20 million (US$ 5.4 million) contract to provide tower cranes for the construction of Dubai's AED 4.6 billion ($ 1.3 billion) Meyden racing, tourist and leisure complex.

Spanning seven million square metres, Meyden will feature turf and dirt tracks, with a 60,000 capacity grandstand. It will also include training tracks and stables, a museum, luxury hotel, restaurants and a nightclub.

Under the contract House of Equipment will supply 12 Fushun Yongmao tower cranes with lifting capacities of 18 to 24 tonnes and jib lengths of up to 80 m.

Speaking at the Big 5 PMV exhibition in Dubai, Waiel Manfalouti, House of Equipment general manager, commented, “Naturally we're delighted to have won such a valuable contract for this landmark project. We were competing with six major suppliers and were judged both on technical and commercial aspects. The Yongmao tower cranes have CE approval, meaning they meet all EU requirements. 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 12 months the company has sold 150 tower cranes, worth about AED 125 million ($34 million), to a range of countries, including UAE, Qatar, Bahrain, Saudi Arabia, Yemen, Jordan and Pakistan, it said.

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