Market Forecast By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, And Turkey), By Product (Excavators, Loaders, Dump Trucks, Others), By Application (Construction, Mining, Agriculture & Forestry, Others), And Competitive Landscape According to 6Wresearch, Middle East Earthmoving Equipment Market size is anticipated to witness growth during 2021-2027. Recent initiatives taken by governments of several countries to revive the region’s economy from a worldwide crisis would support the growth of the Earthmoving Equipment market in the Middle East region. For instance, the UAE Central Bank has allocated incentives for SMEs and local banks to revive and develop the construction sector of the region. Additionally, the central bank also declared to offer incentives through collateralized loans at zero cost to all banks operating in the UAE, as well as an additional incentive that would be freed up from lenders’ capital buffers. Mobile cranes and earthmoving equ...
UAE Intelligent Transportation System Market (2017-2023)
Market Forecast By Types (Advanced Transportation Management System, Advanced Public Transportation System, Advanced Traveler Information System, Cooperative Vehicle System and Others), By Verticals (Traffic Signal Control, Parking Management, Public Transport, Telematics, Traffic Monitoring, Tolling and Others), By Regions (Northern and Southern) and Competitive Landscape
According to 6Wresearch, UAE Intelligent Transportation System market size is projected to grow at a CAGR of 9.2% during 2017-23. According to the 'UAE Vision 2021', launched by the government in 2010, the government would increase its investment across major areas, which would also drive the investments in transportation sector. Moreover, UAE government has planned to spend over $6.81 Billion on the Infrastructural related projects for Dubai Expo 2020, driving in further increase in demand for traffic congestion control.
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