Saudi Arabia Machinery and Equipment Tenders

The Saudi Arabia Machinery and Equipments market is expected to reach US$4.39 billion in 2023 and grow at a CAGR of 3.52% until 2028. This growth is fueled by major infrastructure projects, Vision 2030 initiatives, and a focus on industrial diversification.

Saudi government plays a significant role in the market through its procurement activities. Government spending on machinery and equipment is expected to reach US$1.89 billion in 2023, highlighting the government's commitment to infrastructure development.

The government primarily procures construction equipment, oil & gas machinery, and industrial machinery. Additionally, services like maintenance, repair, and operation (MRO) are also in high demand.

The key government entities responsible for machinery and equipment procurement include the Ministry of Finance, Ministry of Housing, and Ministry of Energy. These ministries oversee various projects and allocate budgets for procurement activities.

Leading international and local companies are awarded contracts for government procurement. Some of the top winners include Caterpillar, Komatsu, Saudi Basic Industries Corporation (SABIC), and Al-Babtain Group.

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