Online Auction Eyes Returning Dubai Market

February 14, 2011

IronPlanet, the leading online company for used construction and agriculture machinery has established an office in Dubai, signaling that the local market for construction equipment is solid again after a drop-off in development after the real estate crash.

“It’s a fairly mature auction market, and whilst India and China will be opportunities, we thought the Middle East was our next step,” managing director Tom Cornell told Arabian Business.

The fledgling UAE market has already seen Richie Brothers and WWA – two of the world’s top online construction auctioneers – establish offices in the country.

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