Jun 18, 2006
Another world record
About 30,000, or 24 per cent of the world’s 125,000 construction cranes, are currently operating in Dubai, according to the organizers of the conmex construction machinery exhibition.
Demand for construction related machinery, equipment and vehicles is expected to continue rising in the Middle East, especially in the United Arab Emirates (UAE), due to the continuing construction and real estate boom, the German news agency “DPA” reported.
In 2003, the UAE’s market for heavy construction machinery stood at 165 million dollars, road construction machinery at 142 million and earth moving machinery at 125 million. The size has increased by 15-20 per cent since then, said the report carried Sunday in the local newspaper gulf news.