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GCC construction equipment industry to reach $5.27 billion by 2029
Posted on February 28, 2025 |
Saudi Arabia’s King Abdulaziz Port expanded its crane capacity by 9.7% in June 2024 with a $1.86 billion investment, adding automated cranes to speed up cargo handling.
Container traffic at Saudi ports has grown by 12.48% each year, strengthening the country’s role in global trade. The Port of Salalah’s expansion will further boost cargo movement in the region.
Abu Dhabi is building a new $89 million terminal at Khalifa Port, set to open in 2025, to improve trade and shipping in the GCC.
Equipment for lifting and moving materials made up 33.2% of the GCC construction equipment market in 2023, with sales expected to reach 33,832 units by 2029.
Saudi Arabia is investing heavily in logistics, with Investcorp committing $1 billion over five years to expand warehouses and trade facilities.
As part of this plan, Investcorp is spending $100 million to build a 215,000-square-foot warehouse in Dammam to support growing storage and trade needs.
Dubai’s Burj Jumeirah, a 550-meter tower near Burj Al Arab, will include homes, offices, hotels, and an observation deck, increasing demand for construction equipment.