As Gulf countries such as Saudi Arabia continue to diversify their economies, a series of megainfrastructure projects are triggering a historic surge in demand in the construction equipment rental market. According to the latest data, Saudi Arabia awarded about $148 billion in construction contracts in 2024 alone, setting a record for the highest annual in GCC member states, including landmark projects such as NEOM artificial lake and Jeddah Tower.

Market analysis shows that the Gulf region is currently forming a two-wheel drive equipment demand pattern in the construction and oil and gas industries. Paul Rankin, executive at Nationwide Platforms, noted: "The region's average oil production of 17 million barrels per day and its rapidly growing young population are creating unprecedented demand for equipment rentals. "It is worth noting that this demand is expected to continue for decades in preparation for international events such as the 2029 Asian Winter Games.

In the face of this round of construction boom, local equipment leasing companies are actively adjusting their strategies. Saudi Dayim Rentals expanded its fleet by introducing eco-friendly equipment such as electric scissor lifts and low-emission generators, and invested in connected vehicles to improve operational efficiency. British pump industry expert Andrews Sykes deployed anti-sand dewatering pumps in Saudi Arabia to provide low-noise HVAC systems in UAE cities to meet the special needs of different markets.

In terms of sustainable development, although there are differences in environmental protection standards across countries, the demand for green equipment has emerged. The UAE market has begun to deploy electric submersible pumps and hybrid equipment, and there is growing interest in low-carbon solutions from Saudi international contractors. Industry experts predict that in the next 1-3 years, with the implementation of environmental protection policies, the green equipment market will usher in explosive growth.

Despite challenges such as project delays and supply chain disruptions, industry leaders remain optimistic about the long-term prospects of the Gulf market. "The region is future-proofing its transformation and opening up multiple revenue streams through infrastructure investment," said Rankin. "This transformation not only reshapes the local equipment leasing market pattern, but also provides important development opportunities for global construction machinery companies.(This article is from the official website of Jiandao www.seetao.com it must not be reprinted without permission, otherwise it will be investigated, please indicate the reprint of Jiandao.com + original link) See the Middle East column editor/Gao Xue