UK equipment rental company Speedy Hire is to enter the MENA region following an exclusive agreement with Al Futtaim Carillion (AFC).
The asset management and project support services provider first began trading in Dubai in January of this year under the name of Speedy International Asset Services Equipment Rental LLC.
Spearheading its entry into the MENA market is a five-year strategic services agreement with AFC, UK-based Carillion Plc’s long-standing JV in MENA with the Al-Futtaim Group.
“Statistics show that the Middle East and North Africa represents long-term, stable growth built on a steadily developing infrastructure and that is why we decided to make this our first international representation, though we have worked in and around the region, in the past,” explained Andy Carter, Managing Director, Speedy International Asset Services Equipment Rental. “We are primarily offering asset management services here. Other core services include risk managements services and major project services.”
The asset management specialist also said it is working on projects in Oman and Egypt, and will soon be providing services in Qatar and Saudi Arabia. Speedy is investing £8.5 million investment in equipment and will open base of operations at a 50,000-sqm depot at Mussafah, Abu Dhabi by the end of this year.
