Ritchie Bros Auctioneers will broadcast its Dubai and Moerdijk (the Netherlands) auctions 'live' from an exhibition booth at the Big 5 PMV.

Ritchie Bros, the world's largest industrial auction company, recently conducted two unreserved auctions in Dubai resulting in total gross auction proceeds in excess of $50 million, said an official spokesman.

Organised by Streamline Marketing Group in conjunction with dmg World Media, and taking place at Airport Expo Dubai from November 25 to 29, the Big 5 PMV will bring more than 200 plant, machinery, construction vehicle and equipment suppliers together with key buyers from across the region and overseas.

The 'live' broadcast at the Big 5 PMV, the Middle East's newest construction industry event, comes at a time when industry analysts are predicting growth of 15 to 20 per cent for the heavy equipment market for the next five years, fueled by the large number of current and planned construction projects in the region.

Already well-established in the Middle East and able to access the global marketplace through its presence in over 25 countries around the world, Ritchie Bros is uniquely positioned to serve this growing market.

'The Big 5 PMV provides a great opportunity for us to demonstrate our unreserved auction methods to exhibitors and visitors, as we continue to build our presence in the region,' said general manager Middle East, CIS, Southern Asia, Stephen Branch.

Ritchie Bros has been conducting unreserved industrial auctions in the Middle East for 10 years, and now conducts four regular two or three-day auctions each year at its auction site within Dubai's Jebel Ali Free Zone.

The Company's June 2007 auction in Dubai generated more than $24 million in gross auction proceeds and set new site records for on-site attendance, internet registrations and internet sales.

Established in British Columbia, Canada in 1958, Ritchie Bros has over 110 offices in more than 25 countries, including 37 auction sites.- TradeArabia News Service