Hertz Dayim Equipment Rental To Launch In Doha, Qatar, Where $182Bn Investment On Public Projects Is Planned Over Next Five Years

News provided by

Nov 17, 2014, 08:30 ET

NAPLES, Fla., Nov. 17, 2014 /PRNewswire/ -- The Hertz Corporation (NYSE:HTZ) has announced that Hertz Dayim Equipment Rental plans to launch operations in Qatar as part of a joint venture agreement between Hertz Equipment Rental Corporation, Dayim Holdings Inc and Phoenix Project Development WLL of the Al-Attiyah Motors & Trading Group. Following the success of its four year partnership in Saudi Arabia, Hertz-Dayim will now in addition rent and sell equipment and tools to construction and industrial markets throughout Qatar.

Hertz Dayim Equipment Rental plans to open its first Qatar location in Doha. The city is expected to attract huge spending in construction and infrastructure to support its staging of the FIFA World Cup in 2022. The Gulf State announced earlier this year that it plans to invest $182Bn on public projects over the next five years in the run up to the world's largest sporting event.

Hertz-Dayim's equipment rental services are designed for diverse projects including stadium building, metro, ports, rail, roads, drainage systems, and expressways in addition to hydro carbon based and petrochemicals projects. The company works closely with building, construction and oil and gas firms as well as contractors working within those environments.

Hertz-Dayim's portfolio includes equipment for earth moving, aerial, material handling, power, electrical, and compressor requirements. The company also offers its clients comprehensive fleet management services as well as safe operation equipment training.

Phoenix Project Development WLL will provide Hertz-Dayim with a variety of services to help grow the business. This will include contacts with various local and international companies and corporations to give the equipment rental provider a sound base for operating in the State of Qatar.

"With Qatar's planned infrastructure megaprojects over the next five years, Hertz Dayim Equipment Rental is well positioned for expansion into the Gulf State," said Francis J. Early, International Vice President, Hertz Equipment Rental Corporation. "Hertz-Dayim's aim is to provide first class, value-added equipment rental solutions to the country's construction and infrastructure development industry."

Chairman of Hertz-Dayim Equipment Rental, HRH Prince Khalid bin Bandar bin Sultan, added: "Regional expansion is a major strategic objective for Hertz-Dayim Equipment Rental and I believe that Qatar is the right place to begin this expansion. Infrastructure and construction sectors in Qatar are expected to see massive growth because of the FIFA World Cup in 2022, leading to heavy demand for construction equipment and related services. Regional presence will give scale to our business, as well as the flexibility to move fleet across different Gulf Corporation Council (GCC) markets. We are confident that we will replicate the success of the Saudi business across the GCC and this is just the first step in that direction."

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 Hertz Equipment Rental Corporation
Hertz Equipment Rental Corporation (www.hertzequip.com) – a wholly owned subsidiary of The Hertz Corporation since 1965 - operates one of the world's largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers programs and equipment through its customer programs for Aerial, Energy, Entertainment, Government, HERC360 Fleet Management, Industrial Plants, National Accounts and Safety. With approximately 340 locations in the United States, Canada, China, France, Spain and Saudi Arabia as well as through international licensees, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

About The Hertz Corporation
The Hertz Corporation operates the Hertz, Dollar, Thrifty and Firefly car rental brands in approximately more than 11,500 corporate and licensee locations throughout 145 countries 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 with more than 1,400 airport locations in the U.S. and a presence at more than 250 international airports. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Family, Fun, Green and Prestige Collections set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation, operates the Hertz 24/7 hourly car rental business and sells vehicles through its Rent2Buy program. The company also owns Hertz Equipment Rental Corporation (HERC), one of the largest equipment rental businesses with more than 340 locations worldwide offering a diverse line of equipment and tools for rent and sale. HERC primarily serves the construction, industrial, oil, gas, entertainment and government sectors. For more information about Hertz, visit: www.hertz.com.