Saudi Construction Equipment Market to Surge: Can CAT Capitalize?
Key Takeaways CAT will benefit from Saudi Arabia's projected 5.92% CAGR in construction equipment through 2030. Growth is driven by infrastructure upgrades, port expansions and Vision 2030 housing initiatives. CAT's construction unit made up 41.5% of 2024 sales, with 17% of EAME revenues tied to the region.Caterpillar Inc. (CAT) is well-positioned to benefit from the projected long-term expansion of Saudi Arabia's construction equipment market, as outlined in a recent report by Research and Markets. The m ...