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...
Saudi Arabia Structured Cabling Market
Saudi Arabia structured cabling market experienced a major decline in 2017 due to crude oil price crisis along with delay or cancellation of various construction projects. However, post 2018, the market is expected to revive due to increasing crude oil prices, participation of private sector, government spending towards infrastructure development, construction of new construction projects have been awarded in multiple sectors such as hospitality, healthcare, energy, and commercial due to which the demand for structured cabling is likely to witness significant growth during 2018-24.
According to 6Wresearch, Saudi Arabia Structured Cabling market revenues are projected to grow at a CAGR of 10.7% during 2018-24. The government of Saudi Arabia plans on developing the IT sector and increase its contribution in the non-oil GDP of the country. Further, heavy investments are allocated for the development of IT infrastructure along with technical & regulatory framework. Additionally, internet penetration is likely to increase to 85% by 2020 under the National Transformation Program 2020.
Key Highlights of the Report
About 6Wresearch:
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Contact Us:
Website: www.6wresearch.com
Email: sales@6wresearch.com
Call: +91-1143024305
|
Comments
Post a Comment