Hertz Dayim Equipment Rental Expands To Saudi Arabia's Central Province To Serve Major Infrastructure Projects

Company's new equipment rental location in Riyadh to serve multi-billion USD initiatives in infrastructure, commercial, government, military, construction, event services and industrial sectors

News provided by

The Hertz Corporation

May 12, 2014, 09:00 ET

NAPLES, Fla., May 12, 2014 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ) has announced that Hertz Dayim Equipment Rental has further expanded in the Kingdom of Saudi Arabia by opening a greenfield location in Riyadh, the country's capital and largest city. The new location will serve Central Province-based infrastructure, commercial, government, military, construction, event services, and industrial sectors. As part of its many activities in the region, the company is now a registered vendor with multiple contractors of the $US 22bn Riyadh Metro project, a 6-line, 85 station public transport construction initiative taking place over a five year period.

Hertz Dayim Equipment Rental's new location in Riyadh, Saudi Arabia will serve multi-billion USD initiatives in infrastructure, commercial, government, military, construction, event services and industrial sectors of the Central Province. (PRNewsFoto/The Hertz Corporation)

Similar to the company's Dammam and Jeddah locations in the Eastern and Western Provinces respectively, the Riyadh operation rents and sells equipment and tools as well as providing comprehensive fleet management services. Hertz-Dayim's portfolio includes equipment for earth moving, aerial, material handling, power, electrical, and compressor requirements. The company also offers its clients safe operation equipment training.

Lois Boyd, President, Hertz Equipment Rental Corporation, said: "Hertz Dayim Equipment Rental, the joint venture of Hertz Equipment Rental and Dayim Systems, is continuing its rapid growth across the Kingdom of Saudi Arabia. The Central Province is considered a strong market opportunity due to massive spending on large-scale urban infrastructure projects. This includes the Riyadh Metro project as well as multi-billion dollar initiatives for the financial district, medical cities, commercial centres and highways and bridges. Our aim is to provide first class, value-added equipment rental solutions to customers in the region."

Chairman of Hertz-Dayim Equipment Rental, HRH Prince Khalid bin Bandar bin Sultan, added: "With branches now in all three major regions of Saudi Arabia, we will be able to serve a wide variety of projects and clients across the Kingdom. The new branch in Riyadh is positioned to meet the requirements of the major urban infrastructure projects which are currently underway including the much-lauded metro rail system initiative for the capital. We also plan to continue our expansion and open smaller regional centres in Saudi Arabia to complete our nationwide presence, and move closer to our vision to become the number one equipment rental company of Saudi Arabia."

The HERC Riyadh location offers a broad range of equipment and tools, including backhoes, skid steers, straight and articulating manlifts, telehandlers and construction and industrial fork lifts, 185 CFM to 1600 CFM compressors (including Instrument Quality), light towers and 50 KW to 1 MW generators. Equipment comes from manufacturers including Atlas Copco, Case, Doosan, Genie, Himoinsa, Ingersoll Rand, JCB, JLG, Miller, and Wacker

Located on the Khurais highway, one of the busiest highways in the Saudi capital, the new facility features a 7,000 square meter yard, shop and branch office. The facility is situated east of the city with easy access to Riyadh's five industrial cities and straight access to the Dammam highway. The location's hours of operation are Sunday through Thursday 8 am - 5 pm and on Saturday from 8:30 am - 12:30 pm. The location can be reached toll free within the KSA at 800 116 1006.

About Dayim Systems
Dayim Systems and its associated company Dayim Holdings operate as vehicles for investment, joint ventures and strategic partnerships in the rapid growth environment of Saudi Arabia. Dayim's portfolio of companies and partnerships currently spans oil and gas EPC contracting, heavy equipment rental, infrastructure, water treatment, man guarding services, high tech safety and security equipment, information and communication technology (ICT), and systems integration services. Dayim's partnerships with the global industry leaders in these sectors underpin its vision to bring the best of brands, knowledge, expertise and technical skills in the Kingdom of Saudi Arabia and contribute towards building a balanced and sustainable Saudi economy.

About Hertz Equipment Rental Corporation
Hertz Equipment Rental Corporation (www.hertzequip.com) – a wholly owned subsidiary of The Hertz Corporation since 1965 - operates one of the world's largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers programs and equipment through its customer programs for Aerial, Energy, Entertainment, Government, HERC360 Fleet Management, Industrial Plants, National Accounts and Safety. With approximately 360 locations in the United States, Canada, China, France, Spain and Saudi Arabia as well as through international licensees, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

About The Hertz Corporation
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,800 corporate and licensee locations in approximately 145 countries. Hertz is the number one airport car rental brand in the U.S. and at 111 major airports in Europe. Dollar and Thrifty have approximately 1,580 corporate and franchisee locations in approximately 80 countries. Hertz is an inaugural member of Travel + Leisure's World's Best Awards Hall of Fame and was recently named, for the thirteenth time, by the magazine's readers as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat's 2013/14 U.S. Car Rental Survey, earning top honors in 10 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, and unique cars and SUVs offered through the Company's Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz 24/7 hourly car rental business. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, through approximately 350 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees.