A deep dive look into the sectors
Through 2030, all economic activities will grow in line with the direction of Vision 2030, creating substantial demand for Machinery & Equipment. Upcoming mega-projects such as NEOM will require large amounts of equipment during construction. KSA faces a great opportunity to localize M&E demand. in addtion, the industry is heavily influenced by significant innovation in industrial machinery manufacturing and operations (e.g., IoT, 3D printing, sensors) accelerating the growth of the M&E market. Globally, COVID-19 has raised awareness of the importance of building local capabilities to manufacture equipment required for operations, repair, and maintenance is a prerequisite to becoming self-sufficient and strengthening supply chain resilience.
Use of future technologies (IOT / Sensors).
Automation, Robotics, and AI/ML capabilities.
Composite Materials.
3D Printing Capabilities.
Trend towards after market Services.
Pandemic Impact.
• The MEA region market reached a value of USD 47 bn, and Globally, the production of M&E reached USD 3.7 trillion in 2019, both will grow by 4% annually through 2030.
• Domestically, the M&E market is expected to grow at 3% annually between 2021 and 2040, providing a great localization opportunity given the current supply gap and expected demand growth.
• Significant demand due to upcoming Giga projects.
• Majority of the global demand is driven by China, USA and Western Europe.
• Key segments include specialized machinery of industries, engines and turbines, pumps, compressors, automation systems among other.
• Other key drivers are demand for higher efficiency products, innovation in machinery types, urbanization and increased disposable income.
Large scale development projects are planned in region (e.g., Africa Rail and Energy Projects, Middle East Crude to chemical projects, GCC construction projects,NEOM.and NWC projects: Desalination, Wastewater and Network expansion projects.
The Valves category is a heavily imported product with nearly $1.4bn worth of goods being imported to the Kingdom in 2019.
The Air or Vacuum pump total imports in Kingdom amounted to $720 mn.
Transformers imports have reduced, reaching $535 mn in 2019, with existing capabilities for exports.
Electric Motors segment imported $145 mn worth of goods in 2019.
The switchgears import have reduced however it remains a key segment with $695 mn worth for goods imported in 2019.
Liquid Pumps is a significantly large market with ~ $745 mn worth of goods being imported to the country in 2019.
The data and information provided through Daleel platform are for indicative purpose, the provided data and information can be assessed further and analyzed as part of the feasibility studies. In addition, following are other key sources of information that can be used for business case development.
Reliable national geological and topographic data repository for the whole kingdom of Saudi Arabia including geological and topographic maps, Mineral Occurrences Documentation System (MODS), geochemistry and geophysics data, borehole data, surface samples data and more.
For information about investment opportunities in the kingdom to both foreign and domestic investors, as well as private sector businesses please visit Invest Saudi
Through the website of the Zakat, Tax and Customs Authority, you can find the tariff rates and data for all kinds of products.
Through the website of General Authority for Statistics, you can find detailed data on Import Statistics for all kind of goods.
Through the website of General Authority for Statistics, you can find detailed data on Export Statistics for all kind of goods.
The Factories Directory is provided by the National Industrial Information Center to enable the user to inquire about factories in the Kingdom by activity, production and location, in addition to other data and information.
A unified platform to present and analyze the latest economic and social the kingdom and its regions in visually interactive ways that facilitate understanding of the Saudi economic landscape.