WWA Group, Inc. announced today that its services are being offered to thousands of visitors at the Saudi Arabia Plant, Machinery and Vehicle (“PMV”) show in Jeddah, Saudi Arabia, which opened on March 7 and runs through March 9, 2010. WWA Group has invited all of its customers in Saudi Arabia and elsewhere to visit its booth at the Jeddah Gate Centre.
The Saudi PMV show, in its third year, is the most important equipment exhibition in Saudi Arabia. The economy of Saudi Arabia is the fastest growing in the GCC region, and is attracting global attention as an investment destination. Saudi Arabia is committed to developing its infrastructure and commercial real estate on the basis of sustainable local need and regional demand, as opposed to foreign speculation, which has influenced other Gulf Cooperation Countries over the past five years.
“This exhibition is important for WWA Group,” stated CEO Eric Montandon, “as the Saudi Arabian market is a stable consumer of equipment passing through our Dubai auctions. Saudi Arabia has hundreds of billions of dollars worth of projects underway with virtually no slowdown in development over the past 18 months. We know that this market deserves our utmost attention.”
WWA Group has sold construction equipment and related plant at auction in the Middle East since 2001. Between December 2009 and February 2010 WWA Group auctioned nearly $30 million worth of equipment and related plant in Dubai, UAE and Beirut, Lebanon, of which approximately $7.5 million was sold to buyers from Saudi Arabia.
WWA Group can be contacted at the Saudi PMV show by calling +971 50 611 3259. A listing of all items sold and upcoming for sale at all auctions is published at www.ironauctions.com. Lists of equipment for sale at upcoming WWA Group auctions are updated daily on the site. Anyone interested in consigning equipment to the auctions, or registering to bid, can e-mail [email protected] or call +971 4881 6142.
WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol “WWAG.” The company maintains its corporate web site at www.wwagroup.com
