MYCRANE Trading Gets $50M Boost for UAE Launch

12 Aug 2025 CW Team

MYCRANE Trading, a newly formed crane sales, leasing, and maintenance provider headquartered in Dubai’s Jebel Ali Free Zone, has secured $50 million in funding from a DIFC-based investment holding company to launch its UAE operations.

In partnership with MYCRANE, the world’s first global online crane rental platform, MYCRANE Trading will merge physical inventory with digital marketplace capabilities to deliver seamless sales and rental services across the Gulf Region. The combined portfolio will cover all terrain, crawler, rough terrain, and tower cranes, each backed by certified inspection and safety documentation.

“We’re seeing strong global demand for both new and used cranes, along with increased interest from owners to monetise surplus equipment,” said Andrei Geikalo, Founder of MYCRANE and CEO of MYCRANE Trading. “This venture allows us to instantly connect sellers with our platform’s thousands of fleet-owning users, meeting urgent purchase needs with verified equipment at competitive prices.”

From its Jebel Ali base, MYCRANE Trading will serve global clients with a focus on the Middle East, Africa, CIS, and Asia, leveraging MYCRANE’s established buyer–seller network, market data, and digital reach to provide transparent, competitive transactions.

A dedicated UAE-based management team has been appointed, including Sudheesh Mohan as Head of Sales and Marketing and Mina Asham as Head of Tower Cranes.

“This partnership blends the efficiency of our online marketplace with the trust and reliability of a physical operations base,” said Ashishkumar Tiwari, Sales Director at MYCRANE. “Every crane is sourced with full documentation and inspection, ensuring our customers buy with confidence.”

The launch follows MYCRANE’s recent milestones, including international expansion, new platform features, and three industry award wins in 2025.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..