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[google-translator]
Univdatos Whatsapp

Innovative start-up proposals for the port equipment industry in the MENA region

Ports in the MENA region play a crucial role as trade hubs for both goods and services. In recent times, significant investments have been made in port infrastructure and equipment in the region. These investments are driven by various factors such as the need to expand port handling capacity, the aging of existing port facilities, and the adoption of new technology trends like smart ports and automation equipment.

Unlock Insights into the MENA Port Equipment Market https://univdatos.com/get-a-free-sample-form-php/?product_id=53747

With the economic growth and increasing trade volume in the MENA region, there is a growing demand to enhance port handling capacity. Over the past decade, container throughput in the region has grown at an average annual rate of more than 7%. This growth is expected to continue in the future, making the expansion of port handling capacity a necessity. The problem of aging existing port facilities has also created a need for investment in new equipment. The average age of facilities at ports in the MENA region is more than 30 years, and upgrades with new equipment are urgently needed. These upgrades will help improve the efficiency and productivity of port operations.

Furthermore, investments in new technology trends such as smart ports and automation equipment are being made to increase the efficiency and productivity of port operations. This is expected to contribute to strengthening the competitiveness of ports in the MENA region.

Impact of Port Equipment Innovation on the Logistics Industry

Innovative Start-ups in MENA Port Equipment Industry

Recent News

Conclusion

Ports and logistics infrastructure in the MENA region plays a pivotal role in the trade of goods and services. The recent large-scale investment in port equipment and facilities in the region has several important implications, it is to expand and modernize port infrastructure in line with the increase in traffic and economic growth of ports in the MENA region. Introducing the latest automation equipment and information and communication technology is increasing port productivity and efficiency.

The main purpose is to replace existing aging port facilities and equipment through new investments. By replacing the old facilities that are more than 30 years old with modern systems, we are enabling stable port operations, from the point of view of eco-friendliness and sustainability, it can be said that the port modernization project is of great significance. This is because energy-saving equipment is being introduced to build a green port.

In the future, port innovation in the MENA region is expected to accelerate to expand the volume of goods and secure its position in the global value chain. “According to the UnivDatos Market Insights, the MENA port equipment industry has experienced a notable expansion in recent years, and as per their “MENA Port Equipment Industry” report, the global industry was valued at USD 2.6 Billion in 2022, growing at a CAGR of 6.1% during the forecast period from 2023 – 2030 to reach USD billion by 2030.” 

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