Middle East: A strategic market for Transport & Heavy Equipment
The Gulf region, with its mega projects and infrastructure development initiatives has been at the center of investment initiatives for the Transport & Heavy Equipment companies including manufacturers and service providers.
The Gulf region, with its mega projects and infrastructure development initiatives has been at the center of investment initiatives for the Transport & Heavy Equipment companies including manufacturers and service providers. Leading the way are Chinese companies such as Zoomlion, Sany, XCMG, CNHTC, followed by German and Japanese giants who already have good presence in the middle east market.
With multi Giga projects running in the region, and Oil and Gas industry being a key user of the segment, the demand has shown a steady growth over the years, expecially is the last decade. New Solar projects are also on the rise which is again fueling this growth.
The strategic location and accessibility, promises both the investor and the operators to capitalise on the resources put. On Top of everything, the favourable government regaulations attract people from all over the world to explore opportunities and rea benefits in this sector