Hertz Dayim Equipment Rental Expands Within Saudi Arabia

Joint venture between Hertz Equipment Rental Corporation and Dayim Systems opens new location in Jeddah to serve the Western Province of Saudi Arabia

News provided by

The Hertz Corporation

Sep 19, 2013, 10:33 ET

PARK RIDGE, N.J., Sept. 19, 2013 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ) has announced that Hertz Dayim Equipment Rental has further expanded in Saudi Arabia by opening a greenfield location in Jeddah. The new location will serve Western Province-based petrochemical, oil and gas, government, military, construction, event services, industrial, and emergency response sectors. Similar to the company's Damman location, the Jeddah operations provides equipment rental and fleet management services. Its broad range of rental solutions includes equipment for earth moving, aerial, material handling, power, electrical, and compressor requirements.

Saudi Arabia's Western Province is considered a strong growth opportunity due to heavy construction and industrialization. According to the Zawya Projects Monitor, USD$230 bn of projects are underway or in planning throughout the Western Province of Saudi Arabia, which includes Jeddah, Makkah, Medina and other nearby cities.

Lois Boyd, Group President, Hertz Equipment Rental Corporation, said: "Hertz Dayim Equipment Rental, the joint venture of Hertz Equipment Rental and Dayim Systems, is continuing its rapid growth across the Kingdom of Saudi Arabia in order to meet strong demand. The aim of our new Jeddah operations is to provide customers a first class, value-added equipment rental supplier in the Western Province of Saudi Arabia. The move also positions Hertz-Dayim for further strong growth opportunities in the region."

Chairman of Hertz-Dayim Equipment Rental, HRH Prince Khalid bin Bandar bin Sultan, added: "The expansion is another milestone in our endeavor to make Hertz-Dayim one of the largest equipment rental companies in Saudi Arabia. The new branch in Jeddah will be ideally placed to cater to the equipment needs of the large number of infrastructure and construction projects in the Western Province. This includes landmark projects such as the Jeddah, Makkah and Medina Metro, Kingdom Tower, the airport expansions and the economic cities. We will continue to expand and invest in this business to create a premier equipment rental company fully aligned with the needs of the industry in Saudi Arabia."

The HERC Jeddah location offers a broad range of equipment and tools, including straight mast and articulating manlifts, telehandlers and construction and industrial fork lifts, 185 CFM to 1600 CFM compressors (including Instrument Quality), light towers and 50KW to 1 MW generators. Equipment comes from manufacturers including Atlas Copco, Case, Doosan, Genie, Himoinsa, Ingersoll Rand, JCB, JLG, Miller, and Wacker.

Located on the Makkah Highway, the new facility features a 10,000 square meter yard, shop and branch office. The facility is located 8 km Southeast of Jeddah City, with easy access to Yanbu (petro chemical hub of Western Region), the mega project King Abdul Aziz Economic City and close to the two holy cities Makkah and Madina. The location's hours of operation are Sunday through Thursday 8 am - 5 pm and, on Saturday, from 8:30 am - 12:30 pm. The location can be reached at +966 3 839 3250 or toll free within the KSA at 800 116 1006.

About Dayim Systems
Dayim Systems and its associated company Dayim Holdings operate as vehicles for investment, joint ventures and strategic partnerships in the rapid growth environment of Saudi Arabia. Dayim's portfolio of companies and partnerships currently spans oil and gas EPC contracting, heavy equipment rental, infrastructure, water treatment, man guarding services, high tech safety and security equipment, information and Communication technology (ICT), and systems integration services. Dayim's partnerships with the global industry leaders in these sectors underpin its vision to bring the best of brands, knowledge, expertise and technical skills in the Kingdom of Saudi Arabia and contribute towards building a balanced and sustainable Saudi economy.

About The Hertz Corporation
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 10,400 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Hertz is an inaugural member of Travel + Leisure's World's Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine's readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat's 2013/14 U.S. Car Rental Survey, earning top honors in 10 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company's Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz 24/7 hourly car rental business. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, through approximately 350 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees.