Al Jaber Group concludes the biggest Caterpillar deal with Mohammed Abdulrahman Al-Bahar

2008-03-23

720 Caterpillar Machines purhased

Abu Dhabi – (March 23, 2008) – Al Jaber Group, the leading contracting, logistics and industrial group of companies in the UAE, announces the purchase of 720 Caterpillar machines from Mohammed Abdulrahman Al-Bahar.

1_10_17_200814_12

The deal is the biggest purchase of Caterpillar machines ever in the history of Al Jaber Group. It includes a wide range of earth moving equipment that will support Al Jaber Group’s operations and expansion plans. The deal was signed by His Excellency Obaid Khalifa Al Jaber, Chairman of Al Jaber Group and Mr. Issam Al Bahar, President of Mohammed Abdulrahman Al-Bahar, His Excellency Mohamed Al Jaber, Chief Executive Officer of Al Jaber Group, in the presence of Mr. Paolo Fellin, Vice President, EAME Marketing Division at Caterpillar, at the Group’s head office in Mussafah, Abu Dhabi.

During the signing of the deal, His Excellency Obaid Khalifa Al Jaber commented, “We have a long business relationship with Mohammed Abdulrahman Al-Bahar and we are pleased to add another milestone to this relationship. Caterpillar machines are instrumental to our success and we have great confidence in Caterpillar Products coupled with after sales service and support provided by Mohammed Abdulrahman Al-Bahar, which are strategic to our achievements and successful execution of projects”.

Mr. Issam Al-Bahar said, “We have a great history with Al Jaber Group; they are considered our biggest business partners in the UAE and the region. We look forward for maintaining this relationship with Al Jaber Group and we are confident that new successes will be accomplished between our two organizations”, Mr. Al-Bahar added, “The delivery of the machines will start immediately and will go on till the first quarter of 2009”.

Mr. Mohammed Al Jaber, Group Chief Executive Officer, Al Jaber Group said, “Since January 2007 till date, Al Jaber Group purchased nearly 1,000 Caterpillar machines making Al Jaber Group the biggest purchaser of Caterpillar Products in the region”. He added “Being a pioneer in construction and logistics activities, Al Jaber Group reiterates its commitment to quality by continuously buying new products”.

Mrs. Fatima Al Jaber, Group Chief Operating Officer, Al Jaber Group, added, “Through this strategic investment, Al Jaber Group endeavors to remain the leader in its business so that it can professionally manage and execute any and all challenging multi-million dollar projects and contribute to the growth in economy of UAE and GCC”.

Mr. Saher Hamd, Managing Director, Al Jaber Operations said “Al Jaber Group aims to achieve customers’ full satisfaction and expectations by providing the best services for infrastructure and construction industries in the region. The new deal has reinforced Al Jaber Group’s commitment to enhance their capabilities and explore different markets.”

The new deal includes wide range of earth moving Caterpillar machines including but not limited to “CAT D11T Track Type Tractors”, “CAT 385C Hydraulic Excavators” CAT 740 Articulated Dump Trucks”, “CAT 980H Wheel Loaders”, “CAT D9R Track Type Tractors”, “CAT D8R Track Type Tractors”, “CAT 14M Motor Graders” and will supplement the long list of equipment in Al Jaber Group’s fleet.