P&E acquires UAE's Global Equipment Trading

01 Feb 2024 CW Team

Plant & Equipment, the premier construction equipment marketplace in the MENA region, announces the acquisition of Global Equipment Trading, situated in Dubai?s Jebel Ali Free Zone, UAE.

The integration of Global Equipment Trading into the Plant & Equipment family aligns with the company's ambitious growth strategy for the GCC and broader MENA region, positioning itself as a leading online auction and advertising platform in the Middle East. Global Equipment Trading's exclusive yard within the Jebel Ali Free Zone allows heavy equipment to be transported to and from Jebel Ali Port, a vital hub for regional trade and commerce.

Plant & Equipment's drive to expand into a multichannel business where customers can easily buy, sell, or list equipment both on-site and online is highlighted by this strategic decision. The acquisition of Global Equipment Trading accelerates Plant & Equipment?s journey towards becoming a one-stop solution for all construction equipment needs.

Currently, sellers on PlantAndEquipment.com have the option to choose between auction or classified listings, offering them enhanced flexibility and a range of choices. P&E Auctions, a subsidiary brand under the Plant & Equipment umbrella, is distinguishing itself as an innovative online auction platform in the Middle East and North Africa (MENA) region. P&E Auctions focuses on accumulating consignments and advertising heavy equipment for buyers in the Gulf, Levant, Africa, and Asia.

The acquisition will further fortify Plant & Equipment's position in the market, backed by industry-leading equipment verification, inspection reports and payment security measures. This ensures a secure and seamless experience for both buyers and sellers engaged in the process of buying and selling heavy machinery and trucks.

In May 2023, Plant & Equipment launched P&E Auctions to enable transactions of heavy equipment and machinery sold through PlantAndEquipment.com's online platform. PlantAndEquipment.com's live auctions feature a wide variety of heavy equipment from various categories, including construction, logistics, agriculture, and mining. All auction lots are inspected and verified by the P&E Auctions team to ensure they meet high standards of quality and reliability.

Plant & Equipment, the premier construction equipment marketplace in the MENA region, announces the acquisition of Global Equipment Trading, situated in Dubai?s Jebel Ali Free Zone, UAE. The integration of Global Equipment Trading into the Plant & Equipment family aligns with the company's ambitious growth strategy for the GCC and broader MENA region, positioning itself as a leading online auction and advertising platform in the Middle East. Global Equipment Trading's exclusive yard within the Jebel Ali Free Zone allows heavy equipment to be transported to and from Jebel Ali Port, a vital hub for regional trade and commerce. Plant & Equipment's drive to expand into a multichannel business where customers can easily buy, sell, or list equipment both on-site and online is highlighted by this strategic decision. The acquisition of Global Equipment Trading accelerates Plant & Equipment?s journey towards becoming a one-stop solution for all construction equipment needs. Currently, sellers on PlantAndEquipment.com have the option to choose between auction or classified listings, offering them enhanced flexibility and a range of choices. P&E Auctions, a subsidiary brand under the Plant & Equipment umbrella, is distinguishing itself as an innovative online auction platform in the Middle East and North Africa (MENA) region. P&E Auctions focuses on accumulating consignments and advertising heavy equipment for buyers in the Gulf, Levant, Africa, and Asia. The acquisition will further fortify Plant & Equipment's position in the market, backed by industry-leading equipment verification, inspection reports and payment security measures. This ensures a secure and seamless experience for both buyers and sellers engaged in the process of buying and selling heavy machinery and trucks. In May 2023, Plant & Equipment launched P&E Auctions to enable transactions of heavy equipment and machinery sold through PlantAndEquipment.com's online platform. PlantAndEquipment.com's live auctions feature a wide variety of heavy equipment from various categories, including construction, logistics, agriculture, and mining. All auction lots are inspected and verified by the P&E Auctions team to ensure they meet high standards of quality and reliability.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..