UK-headquartered Speedy Hire, an ISO certified provider of asset management and project support services, is launching its new Mena base following an exclusive agreement with Al Futtaim Carillion (AFC).

Speedy has committed an £8.5 million ($13.3 million) investment in equipment in the region. This investment is to be followed up with the opening of a 50,000-sqm depot at Mussafah, Abu Dhabi by the end of this year. This will be Speedy’s main operating base for the UAE.

Speedy Hire provides services to clients across the construction, infrastructure, industrial, manufacturing and facilities management sectors.

The firm established Speedy International Asset Services Equipment Rental with operations in Dubai in January this year.

“Statistics show that the Middle East and North Africa represents long-term, stable growth built on a steadily developing infrastructure and that is why we decided to make this our first international representation, though we have worked in and around the region, in the past.  We are primarily offering asset management services here. Other core services include risk management services and major project services,” explained Andy Carter, managing director, Speedy International Asset Services Equipment Rental.

Speedy is already working on projects in Oman and Egypt, and will soon be providing services in Qatar and Saudi Arabia.

Spearheading the firm's entry into the Mena market is a five-year strategic services agreement with AFC, UK-based Carillion’s long-standing joint venture in Mena with the Al-Futtaim Group.

Further bolstering its regional presence, Speedy will be exhibiting at Adipec for the first time this year.

The Abu Dhabi International Petroleum Exhibition and Conference (Adipec) takes place at Adnec from November 1 to 4. Adipec marks Speedy’s public launch into the Middle East.-TradeArabia News Service