Time to invest in machines

Experts speaking at the Construction Week Conference in Dubai have said that now is an excellent time to invest in equipment.

A combination of falling prices and a glut of good quality second-hand PMV has resulted in a great opportunity to prepare for the future, said a discussion panel.

“Now is the best time to invest and buy machines, and I’m saying that as someone from a leasing company,” said Ejar Cranes and Equipment GM Habib Mikati. “Prices have come down and if companies have the money, it’s worth buying. Having said that, rental prices have also dropped a lot.”

Second-hand equipment in particular represents a bargain, because of the availability of equipment in good condition.

“There is a lot of used equipment out there that’s in excellent condition,” said House of Equipment GM Waiel Manfalouti. “It’s the right time to invest. If you’re looking to the medium term, buying equipment is a good use of cash.”