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...
Market Forecast By Types (Portable Compactors, Stationary Compactors), By Products (Landfill Compactors, Trash Compactors, Vibratory Plate Compactors, Wheeled Compactors), By Applications (Construction, Industrial, Forestry & Agriculture, Municipal & Other (Residential, Commercial, Etc.)) And Competitive Landscape According to 6Wresearch, Kuwait Compactor Market is anticipated to register growth during 2020-2026F. The Kuwaiti government has come up with “New Kuwait 2035 Deployment Plan” initiative aiming for development of infrastructure in the country by investing $148 billion, by 2035 in several infrastructure projects such as Awa Island development projects, Miskan Island project, Kuwait metro project, and Kuwait international airport expansion project. Further, Kuwait's integrated petroleum industry company is constructing one of the largest refineries of the world in Al-Zour, thus accounting for the increase in demand for compactors equipment in the Kuwaiti market. K...