BYRNE Equipment Rental said it has plans to establish its new 401,000-sq-ft headquarters complex at Dubai Industrial City (DI), the region’s primary manufacturing and logistics destination and a member of Tecom Investments.

Byrne Equipment Rental, a leading Dubai-based company specialising in providing equipment rental solutions to multiple industrial sectors, estimates that the Dh15-million ($4 million) project will be completed in 2013.

The new complex will house Bryne’s main offices in Dubai as well as the general rental and projects and events divisions, and will include offices, warehouses and workshops with an estimated staff of 160 employees.

Byrne currently operates out of Emaar Business Park with three storage facilities in Al Qouz Industrial Area. Its network span in the region includes nine offices in Abu Dhabi in the UAE, Qatar, Oman, and Saudi Arabia, with a staff strength of 409 employees.

Graeme Clack, CEO of Byrne Investment, the parent company of Byrne Equipment Rental, said: “There is a growing demand across the region from companies who prefer to rent rather than purchase and maintain expensive equipment which is a drain on their capital. We found Dubai Industrial City to be the ideal base, offering us ready access to our key markets of Abu Dhabi, Dubai and the Northern Emirates.

“Our close proximity to the Al Maktoum cargo terminal will also allow us to draw on the growth of the airport and its related facilities,” he added.

Byrne says it commands up to 20 per cent share of the UAE equipment rental market, valued at Dh1.2 billion ($32.6 million) in 2011.