Chinese firm sets up logistics hub in the Emirates

China's biggest manufacturer of construction machinery, Xuzhou Construction Machinery Group, is investing US $15 million in building a regional logistics centre in Dubai.

China's biggest manufacturer of construction machinery, Xuzhou Construction Machinery Group, is investing US $15 million in building a regional logistics centre in Dubai.

"The Middle East is our most well-established and fastest-growing overseas market," said Qi Hong, regional director, XCMG. "We have sold more than US $400 million worth of products in the Middle East in the last three years."

XCMG already has regional offices in Dubai and Sharjah and a network of dealers and service centres across the Middle East. It is hoped the planned Dubai logistics centre will grow business in the region further.

"We're hoping for earnings of US $250 million in the region in 2007," said Hong.

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