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Share this article Share this article ResearchAndMarkets.com s offering. The UAE Construction Equipment Rental Market was valued USD 17.06 Million in 2019 and is forecast to grow at CAGR of over 6% during the next five years. The oil and gas companies are taking various initiatives towards sustainable growth and to support the country s economy. For instance, in February 2020, Dubai and Abu Dhabi announced to jointly develop a gas reservoir Jebel Ali Project, aimed to bring ADNOC and Dubai Supply Authority together. These infrastructural developments are making the UAE oil and gas industry more attractive for the foreign investors. For instance, in 2019, Eni, an Italian oil & gas company and OMV, an Australian oil & gas company, are investing USD 5.8 billion in ADNOC s refinery unit for 35% share. Moreover, the government of UAE is focusing on developing sour gas resources to fulfill the increasing domestic demand. These developments are driving the infrastruc ....
Forklift Market Size Surpass Around US$ 27.8 Billion by 2027 February 10, 2021 19:00 ET | Source: Precedence Research Precedence Research Pune, INDIA Precedence Research, Recently Published Report on “Forklift Market Size, Share, Growth, Trends, Segment Insights, Regional Outlook and Forecast 2020 to 2027”. OTTAWA, Feb. 10, 2021 (GLOBE NEWSWIRE) The global forklift market is expected to grow at a noteworthy compound annual growth rate (CAGR) of 3.02% over the forecast period and projected to surpass around USD 27.89 billion by 2027. Why Forklift? A forklift is a small vehicle equipped with power-operated forked platform that helps in moving vehicle from one place to another. Forklifts use mainly two types of energy source that are electricity or combustion engine. They are generally used in warehouses and distribution centers for lifting & transporting goods. They are among the prime ....