The GCC (Gulf Cooperation Council) countries, consisting of Saudi Arabia, UAE, Qatar, Oman, Bahrain, and Kuwait, are witnessing a rapid transformation in infrastructure, driving the growth of the elevators and escalators market in the region. This trend is expected to continue in 2024, propelled by expanding urbanization, large-scale government investments in infrastructure, and the booming construction sector. A key driver behind this growth is the region’s ambitious development projects. Major cities such as Dubai, Riyadh, and Doha are rapidly urbanizing, with both commercial and residential sectors expanding at a fast pace. Mega-projects like Saudi Arabia’s Vision 2030, Dubai’s Expo City, and Qatar’s post-World Cup urban redevelopment are demanding advanced transportation solutions. The growth of these projects necessitates the installation of elevators and escalators, making the GCC a significant market for such infrastructure investments. Technology Innovations Fueling Market Gr...
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