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FINANCIAL NEWS
GCC market profits for materials handling equipment to hit USD5bn
03 Jul 2017
(MENAFN) The market revenue for materials handling equipment in the GCC will maintain a compound annual growth rate of more than 4 percent and will reach USD5bn by 2020.
Moreover, KSA, with almost 46 percent and the UAE with 35 percent, make the largest markets in the region and will continue to spearhead market expansion.
Meanwhile, the Top 20 of the globe”s leading materials handling systems suppliers have signed up for Materials Handling Mideast 2017.
In addition, with more than 130 exhibitors from 21 nations, showing 250 brands, the region continues to be a key focus of pioneering names in the intra-logistics, warehousing and cargo industries.
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