Hertz Global Holdings Inc.
) seems to be on an expansion spree as it announced the opening of
a new rental location in Riyadh in the Kingdom of Saudi Arabia by
its joint venture enterprise with Dayim Systems titled Hertz Dayim
Equipment Rental. It is now a registered vendor in the region with
Hertz Dayim has introduced a greenfield site in the country's
capital, Riyadh. The facility will cater to Central Province-based
commercial, construction, infrastructure, military, government,
industrial sectors and event services. The company, which also
operates in the Eastern and Western Provinces at Dammam and Jeddah,
respectively, rents and sells tools and equipments, apart from
lending complete fleet management services in the region.
Located at one of the busiest highways, the new 7,000 square meter
yard facility is well connected with Riyadh's five industrial
cities and has direct access to the Dammam highway.
Hertz Dayim's expansion in Saudi Arabia is currently in full
swing, as the Central Province has tremendous potential owing to
its plans for significant expenditure on big-scale urban
infrastructure undertakings, like the Riyadh Metro project and
other large-scale investments in highways, medical cities and
With its presence in three main regions in Saudi Arabia, the
company aims to offer quality rental solutions to clients. Going
forward, Hertz-Dayim intends to strengthen its national foothold by
introducing smaller regional centers in order to vie for the slot
of the top equipment rental company in the country.
Hertz, a vehicle rental giant, currently carries a Zacks Rank #4
(Sell). However, other better-ranked stocks in the same industry
Odyssey Marine Exploration Inc.
), with a Zacks Rank #1 (Strong Buy), and Avis
Budget Group, Inc.
ExamWorks Group, Inc.
), both holding a Zacks Rank #2 (Buy).
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