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The United Arab Emirates (UAE) boasts a thriving machinery and equipment market, driven by booming construction and infrastructure projects. In 2023, the market size is estimated at $1 billion, with a projected growth rate of 2.79% (CAGR 2023-2028). This makes the UAE a lucrative destination for equipment manufacturers and suppliers.
The UAE government heavily invests in infrastructure development, making it a significant player in the machinery and equipment market. Government procurement accounts for a substantial portion of the market's overall growth. In 2022, the value of government procurement contracts reached $2 billion, highlighting the government's commitment to infrastructure modernization.
The government primarily procures construction equipment, including excavators, bulldozers, cranes, and trucks. Additionally, there is a growing demand for specialized equipment in sectors like oil and gas, renewable energy, and waste management. Maintenance and repair services are also in high demand, ensuring the smooth operation of procured machinery.
Several government entities handle machinery and equipment procurement in the UAE. Key authorities include:
The General Directorate of Government Services (GDG): Responsible for centralized procurement across all government departments.
Ministry of Public Works: Oversees procurement for major infrastructure projects.
Abu Dhabi National Oil Company (ADNOC): Handles procurement for oil and gas projects.
Dubai Electricity and Water Authority (DEWA): Procures equipment for power and water generation and distribution.
Leading global and regional players have secured major government procurement contracts in the UAE. These include:
Caterpillar
JCB
Volvo
Komatsu
Liebherr
Al-Futtaim Auto & Machinery Co.
Al Naboodah Group
Arabian Gulf Mechanical Engineering Co.
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