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KANOO Machinery General Manager Predicts Next Year’s Biggest Projects
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| 29 Aug 2012 |
Governments in the Middle East are taking considerable strides to develop each respective country. Robert Jennings, General Manager of KANOO Machinery emphatically states that Saudi Arabia will be the country that provides the most opportunities for organizations involved in construction industry.
A new study by Ventures Middle East illustrates that Saudi Arabia has 15 new projects worth US$8.8 billion starting in 2012. Furthermore, population in the Middle East is expected to grow by 31 per cent by 2025 reaching 500 million, forcing regional governments to develop every aspect of the country including power capacity, transportation, agriculture, water resources and more.
“The projects I see as most significant are all based in Saudi Arabia,” said Mr. Jennings. “They are the Riyadh Metro, the Jeddah to Medina High Speed Rail, the King Abdulla Financial District in Riyadh, Jizan and KAEC Ports, and also the new housing projects.”
Among other investments, it has been reported that the GCC’s oil and gas industry is planning to invest US$666 billion into its production capacities. Furthermore, Saudi Arabia has increased investments this year in the agriculture sector to US$16 billion in an effort to boost the kingdom’s agribusiness.
Mr. Jennings stated that there is a very high demand for concrete in Saudi Arabia due to the considerable investments made to develop the kingdom, which in turn requires more machinery. KANOO Machinery will soon introduce truck mounted mixers and pumps designed specifically for concrete batching plants in response to this increased demand.
Mr. Jennings further continued: “To support customers, a machine to machine (M2M) contact centre with full, real time remote monitoring and GPS services is in operation, as the demand to keep on site equipment running at very high levels of availability will only increase as the construction boom unfolds. The regional M2M RMS will greatly enhance machine reliability and availability thus maximising uptime.”
On being asked what positive and negative trends the KANOO Machinery General Manager has seen develop in the heavy machinery market over the pas 12 months, Mr. Jennings replied: “On the positive, the low Euro price compared to the Japanese Yen is helping us to maintain competitive pricing against Japanese manufacturers. However, on the negative side we are starting to experience delivery delays and longer lead times from some of the Western manufacturers. This seems to be due to supply chain issues. The general trend tends to suggest that many downstream suppliers have not yet geared up to support a significant growth cycle coming from outside Europe and USA.”
KANOO Machinery will be participating at INTERMAT Middle East 2012, the region’s biggest exhibition for construction equipment and machinery to be held from 8 – 10 October 2012 at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi, UAE.
Mr. Jennings has stated that regional machinery shows such as INTERMAT Middle East bring the organizations closer to their customers making it more convenient for both existing and prospective clients to visit. Furthermore, he explained that regional shows allow them to focus on regional markets, projects and applications.
More than 7,000 international buyers are expected to attend the exhibition, which will have an outdoor area showcasing products as well as 20,000sq.m. gross of exhibition space. In addition, INTERMAT Middle East will also feature a Construction and Infrastructure Summit, Contractors Workshops and a Hosted Buyers Program.
KANOO Machinery was established in the 1960s and supplies the construction, agriculture, oil and gas and mining sectors with products and equipment from the cranes that helped place the pipes into the desert, to the earth moving machines that paved the ways of Middle Eastern nations.
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