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The Qatari market for machinery and equipment is booming, fueled by massive infrastructure projects and government initiatives. The market size reached an estimated 6,300 units in 2022, and is projected to hit 8,596 units by 2029, witnessing a CAGR of 4.54%. This growth is largely driven by the government's ambitious development plans, including the FIFA World Cup 2022 and Qatar National Vision 2030.
The Qatari government is a major player in the machinery and equipment market, driving demand through procurement for infrastructure projects, defense, healthcare, and other sectors. In 2021, government procurement of machinery reached $449 million, making Qatar a significant exporter in the global market.
The government primarily focuses on procuring heavy construction equipment such as excavators, backhoe loaders, and bulldozers. Other key product segments include earthmoving equipment, cranes, generators, and medical equipment. Additionally, the government seeks services like equipment rental, maintenance, and repair.
The Ministry of Finance, the Public Works Authority (Ashghal), and the Qatar Armed Forces are the top authorities responsible for machinery and equipment procurement in Qatar. These entities issue tenders and oversee the entire procurement process, ensuring transparency and compliance.
Leading international companies like Caterpillar, Volvo, JCB, Komatsu, and HD Hyundai are major winners of government contracts in Qatar. These companies offer high-quality machinery and equipment, along with reliable services, making them preferred partners for government projects.
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