CABLES MIDDLE EAST MARKET SIZE TO HIT $11.5 BLN BY 2023

摘要

The Middle East cables market is projected to exceed market size of US$11.5 billion by 2023, growing at a compound annual growth rate (CAGR) of 8.4 per cent, as an increasing number of energy projects across the Middle East are anticipated to drive the industry, according to a report by Global Market Insights. Considerable infrastructure activity expectations and extensive national development plans by Gulf Cooperation Council (GCC) governments to expand the economies gradually is anticipated to reduce reliance on oil and gas reserves, and also be recognised on the world stage.