26.03.2007

Dubai Cranes up and running

The Dubai Cranes and Technical Services Company has started operations as a subsidiary of Dubai Investment Industries.
Dubai Cranes manufacturers overhead material handling equipment and it specialises in advanced lifting solutions as well as maintenance services.

The company is the latest addition to Dubai Investment's portfolio of subsidiaries, currently totalling 37 companies with a paid up capital of more than $540m.

"The company caters to the needs of customers investing in the industrial future of the UAE and the Middle East as cranes are an essential component of many industries," said Shukri Al Mehairi, Managing Director, DII.

Dubai Cranes offers overhead hauling solutions, including wire rope hoists, industrial and explosion-proof cranes, offering a maximum lifting capacity of up to 300 tons.

"The company has an experienced team delivering more than 1500 cranes to the region and working on many of the UAE's leading real estate development projects," said Andrew Kay, general manager of Dubai Cranes and Technical Services.

"We're delighted to finalise this deal as Dubai Cranes is a well established, profitable and recognised company. It is impossible to underestimate the growth of almost all industries in the region within the next few years and Dubai Cranes is well positioned to capitalise on the opportunities that will emerge," said Shukri.