Time to invest in machines

PMV experts say now is a great time to buy equipment

If you can afford to, now is a good time to buy equipment say experts
If you can afford to, now is a good time to buy equipment say experts

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.”
 

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020