According to an industry expert, the forecast for massive government spending on infrastructure in the Middle East and specially in the UAE this year will help boost businesses of stakeholders and attract foreign partnership.
The UAE based General Navigation & Commerce Company has entered into a new relationship with Chinese construction machinery company Shantui to introduce renowned Chinese earth moving equipment in the country.
Mr Isam Abu Nabah president of Genavco said that “We knew this partnership is set to be well received in the marketplace, but the early results have been beyond our expectations with a record number of inquiries being made so far.”
Mr Abu Nabah said that “We are even more upbeat about the future with the revelation that three in four industry figures believe that project spending in the Middle East will increase next year.”
According to a latest PWC survey, the UAE is tipped to invest the most and massive government spending on infrastructure will be at the heart of the investment.
He said that “Shantui’s line up has complemented our extensive product range and enhanced our ability to provide an even more comprehensive range of solutions to our clients in the road construction, quarry & mining industries.”
