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 (Wheel Trencher, Chain Trencher & Others), By Applications (Oil & Gas, Agriculture, Telecommunications & Power Cables, Municipal And Others), By Countries (Saudi Arabia, Kuwait, Bahrain, Qatar, Turkey, Oman, United Arab Emirates) And Competitive Landscape According to 6Wresearch, Middle East Trencher Market size is expected to witness a growth during 2020-2026. The economic development of the Middle East region would experience a setback in the year 2020 due to the outburst of pandemic coronavirus which would further restrain the trencher market in the region. However, the upcoming government initiatives such as Saudi Vision 2030 and Qatar National Vision 2030 aims to construct smart cities and housing units which would require the use of trencher for a wide range of earthworks including laying foundations, grading soil, removing dirt and rocks, digging trenches and many more. Furthermore, a growing number of infrastructure development projects as...