Al Maysan Heavy Equipment
Though relatively new to the equipment rental sector in Qatar, Al Maysan Heavy Equipment is nevertheless, making its mark in the country.
As cash flow issues increasingly drive main contractors in Qatar toward equipment rental solutions as a means of maintaining liquidity, Al Maysan, as part of the Jaidah Group, is capitalising on the company’s long-standing relationships with global heavy equipment and commercial vehicles manufacturers including Komatsu, Bobcat, UD Trucks, Sany, Isuzu and Palfinger.
Over the past three months the company has added about 30 pieces of equipment to its fleet and Amr Shehata, operations director, Al Maysan Heavy Equipment notes: “We expect to reach 60 by mid-2017, as we have a three-year plan to grow our fleet to between 200-250 pieces of equipment, with the intention of catering to a wider customer base.”
Eyeing the market, Shehata notes: “We only started the division in February 2016, so most orders are for immediate or short term leasing, but the market looks good right now and we have many orders coming down the line.”
Al Maysan states that project delays are also driving in the growth of the equipment rentals market and that purchase equipment decisions in Qatar have decreased by more than 60%, while rental demand has increased by 70%
Shehata notes: “It became easier and more convenient for contractors to rent their needs from equipment and material handling than to own, within the current market situation.”
And for its part Al Maysan is set up and ready to meet them.