After becoming a well-established gateway for International Trade, the Middle East is recognised as an emerging market leading the way forward globally. It is a go-to destination for foreign direct investment globally, surpassing the international market. The Middle East being one of the fastest growing economies in the world, at the rate of 4.5%, plays a major role in strengthening the global economy that is facing a slowdown.
Middle East approves 100 percent Foreign Direct Investment under the automatic route in many industrial units across regions, except those which require prior approval of the government.
Dubai has established itself as an Emirate and city in the oil industry. This industry has fuelled its current success, propelling it towards a globally renowned hub for innovation and trade.
However, in regards to total GDP, which reached USD 545.05 billion in 2023, and has increased roughly 9.4% over the past years
Projected global market size for rotating equipment in the Oil and Gas industry by 2027.
Expected annual growth rate for the GCC rotating machinery market in Oil and Gas.
Estimated value of rotating equipment purchases in the GCC Market by 2025.
The Oil and Gas sector drives over 60% of GCC demand for rotating equipment
• Gas Turbine • Steam Turbine •Variable Speed Drives •Hot-Gas Expanders •Turboexpanders Micro Turbine •Turbo Engines •Gas Turbine Filters •Exhaust Silencer •Gears ...and more.
• Predictive Maintenance •Smart Asset Management •Asset Performance Management •Digital Twins •Reliability •Condition Monitoring •Lubrication •Digital Transformation •Smart Plant Maintenance
•Dry Gas •Hole - Pattern / Honeycomb •Labyrinth •Mechanical •Packing •O-Rings •Spring-Energized ...and more.
•Rotary Screw Compressor •Reciprocating Air Compressor •Axial Compressor •Centrifugal Compressor •Integrally Geared Compressor •Centrifugal Pumps •Reciprocating Plunger Pumps •Progressive Cavity Pumps •Gear Pumps •Diaphragm Pumps •Metering Pumps ...and more.
•Synchronous Motors •Generators •High Voltage Induction Motors •IEC Low Voltage Motors •Diesel, Gas & Electric Generators •Explosion Proof Motors •Flameproof Motors and Generators ...and more.