Construction Machinery Enters the Wealthy and Turbulent West Asia

2013-09-18 555 0人评论
              West Asia is a famous oil-producing region and one of the most turbulent areas. With money in one hand and weapons in the other, any construction machinery enterprise entering parts of West Asia will face both opportunities and risks.

  Future reconstruction after the Syrian civil war

Construction Machinery Enters the Wealthy and Turbulent West Asia  
On February 23, 2013, in Aleppo, Syria, a huge excavator was clearing a neighborhood hit by a missile.

  Infrastructure and housing in the Syrian civil war have suffered massive damage. The war will eventually end, and post-war reconstruction is the future trend. Construction machinery enterprises need to prepare to fill the future market. Currently, selling machinery into the Syrian market is quite risky, but contacts can be made first to pave the way for the future.

  Large-scale construction in Qatar

  After Qatar successfully won the bid for the 2022 World Cup, it triggered a wave of foreign companies participating in Qatar's infrastructure construction. It is reported that to welcome the World Cup, Qatar's infrastructure budget will reach as high as $100 billion in the next five years, of which $25 billion will be used for railway construction, $11 billion for new airport construction, and $20 billion for new road construction. For the Doha Port project alone, an 8-kilometer quay line will be built at one time, requiring about 65 million cubic meters of earth and rock excavation, more than 70% of the earthwork volume of the Three Gorges Project. Currently, multiple sets of Chinese construction machinery equipment are under construction in various work areas of the Doha Port project in Qatar.

  Saudi Arabia's industrial supporting facilities are launched one after another

  Although it has the world's largest oil reserves, even the largest "family fortune" will eventually be depleted. The Saudi government is focused on the future of its descendants and intends to promote economic diversification and vigorously develop non-oil industries. Under this policy orientation, a large number of public infrastructure and industrial supporting facilities have been launched. In 2013, Saudi Arabia's total project contracts will reach $600 billion.

  In the first quarter of 2013, Saudi Arabia's total project contracts amounted to $13 billion. Among them, social infrastructure projects such as hospitals, housing, and schools accounted for about $7.5 billion, and oil, gas, and petrochemical projects accounted for $2 billion. Broken down by project category, the larger proportions of the total contract value include: hospitals (26%), housing (16%), schools (14%), power (9%), roads (9%), industry (7%), water conservancy (5%), petrochemicals (4%), oil and gas (4%), etc.

  In the same period of 2012, the contracted project value was $14 billion. This year's figure has slightly decreased year-on-year, but still reflects the continuation of the government's investment scale. Saudi Arabia has decided to carry out a large-scale expansion of King Khalid International Airport in the capital, expanding from the current 12 million passengers to 35 million. This project includes the construction of a new terminal (Terminal 5), while Terminal 4 will also be expanded and renovated.


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