Middle East Cables Market Size & Share 2025 - 2034

Middle East Cables Market Size

The Middle East cables market was valued at USD 11.5 billion in 2024 and is estimated to reach the value of USD 17.6 billion by 2034, growing at a CAGR of 4.2% from 2025 to 2034. The Middle East is undergoing rapid urbanization, with cities like Dubai, Abu Dhabi, Riyadh, and Doha witnessing substantial population growth and infrastructure expansion. The Saudi Arabia has total population is around 35 million and is growing year on year, which will grow the infrastructure, thereby creating a strong demand for cables for various purpose in region.

This urban growth necessitates the development of extensive electrical and telecommunication networks, thereby increasing the demand for various cables, including power and fiber optic cables, to support both residential and commercial needs. Data from World Economic Forum predicts that the value of the telecom market in the Middle East is forecasted to increase by USD 20.57 billion between by 2026. These figures will show the promising future for the cables market in the Middle East.
 

The Middle East is at the forefront of smart city initiatives, integrating advanced technologies to enhance urban living. These projects demand sophisticated cabling solutions to support smart lighting, energy management systems, and communication networks, thereby boosting the demand for low-voltage cables.
 

A significant driver of the cable market in the region is the growing focus on diversifying energy sources through substantial investments in renewable energy projects, such as solar and wind farms. Several countries have set ambitious goals to increase renewable energy capacity, with the UAE aiming for 44% renewable energy by 2050 and Saudi Arabia targeting 50% by 2030. This transition to renewable energy requires advanced cabling solutions to support new energy infrastructures.
 

While the Middle East cables market is poised for growth, it faces challenges such as volatile raw material prices and stringent regulations. However, the establishment of local manufacturing facilities by global players has improved the availability of raw materials and reduced lead times, supporting market expansion. All these factors will be driving the cables market in the Middle East in coming years.
 

Middle East Cables Market Trends

• A notable trend is the region's commitment to diversifying energy sources through substantial investments in renewable energy projects, such as solar and wind farms. This transition necessitates advanced cabling solutions to support new energy infrastructures, thereby boosting the demand for specialized cables designed for renewable energy applications.
   
• The region is witnessing a surge in digital initiatives, particularly in the realm of artificial intelligence (AI) and data center expansion. Telecommunications companies, such as Qatar's Ooredoo, are investing heavily in enhancing their data center capabilities to meet the growing demand for AI applications. Ooredoo, for instance, has secured a USD 550 million loan to expand its regional data center network, aiming to build 120MW of capacity over the next five years.
   
• Geopolitical tensions are increasingly impacting the security and management of critical infrastructure, notably undersea data cables. These cables are vital for global telecommunications, finance, and government operations. Recent incidents, such as suspected sabotage in the Baltic Sea and damage to cables connecting Taiwan, underscore the vulnerabilities of these infrastructures.
   
• The strategic importance of undersea cables has prompted heightened monitoring and protective measures, influencing market dynamics and necessitating investments in more secure and resilient cabling solutions. As of 2024, the major "Undersea Project" related to the Middle East is a planned subsea interconnection project by India's Power Grid, aiming to invest up to USD 4 billion in connecting with Middle Eastern countries like Oman, Saudi Arabia, and the UAE through undersea cables.
   
• While the market is poised for growth, it faces challenges including volatile raw material prices and stringent regulations. However, the establishment of local manufacturing facilities by global players has improved the availability of raw materials and reduced lead times, supporting market expansion. Additionally, the integration of digitized monitoring and control systems in power and control cables is becoming increasingly prevalent, enhancing efficiency and reliability in various applications.
   

Middle East Cables Market Analysis

• The Middle East cables industry was valued at USD 10 billion, USD 10.7 billion and USD 11.5 billion in 2022, 2023 and 2024 respectively. This growth is attributed to rapid urban expansion and growing industrial activities that require robust power distribution networks, increasing demand for cables across the Middle East.
   
• Based on voltage, low voltage segment is anticipated to cross USD 7.5 billion by 2034 and will further increase due to rising demand for the cables in its end use industries. The end use industries including oil and gas, automotive, infrastructure, manufacturing are considerably transforming in the Middle East, and therefore the Middle East cables market will witness crucial demand in coming years.
   
• The industrial sector, including manufacturing, mining, and oil & gas, also relies on cables for operations. Therefore, the growing oil & gas industry is also propelling the demand for these cables in the Middle East. Nearly 95% of the electricity generated in the Middle East comes from natural gas and oil. These figures will be indicating a strong demand for the MV wire and cable across region.
   
• The medium voltage segment is projected to hit USD 5.1 billion by 2034 and will significantly grow in coming years mainly due to the rising government investments in this industry. The Middle East is witnessing large-scale investments in power transmission and distribution (T&D) networks to support urban expansion and industrial growth.
   
• The companies in this industry are also investing massive amounts to expand their business, creating a strong platform for the Middle East cables market in coming decades. Energy investment in the Middle East was almost reached approximately USD 175 billion in 2024. These investments will be playing a critical role in growing the cables market in the Middle East.
   
• High voltage and extra high voltage segment are also offering vital functions across various industries. These cables are important for sending electrical signals and controlling systems in an application’s environment. Their relevance is further increased owing to the rapid technological changes and the growing need for power distribution.
   

Learn more about the key segments shaping this market

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• In the Middle East cables market, based on application, the commercial segment is anticipated to grow with CAGR of more than 3.3% through 2034 and will be further projected to grow in the coming years. This growth will continue to happen due to growing demand for the cables in infrastructure industry. In 2023, the infrastructure sector's investment reached a significant USD 18 billion, as reported by the Global Infrastructure Hub.
   
• In Middle East region, the energy sector led the way with a notable USD 7.6 billion investment, followed by the road transport sector with USD 5.6 billion. These investments will also contribute significantly to  growth of cables in Middle East since the requirement of cables will be massive in these industries.
   
• The industrial segment also anticipated to cross USD 7 billion by 2034. The companies are bringing significant innovations in automotive sector, finding the need for more advanced wiring systems. Countries including Saudi Arabia, UAE and Qatar are stepping ahead in the industrial sector. Gulf Cooperation Council (GCC) investors deployed over USD 800 billion into the industrial, energy, and resource sectors between 2020 and Q3 2023.
   
• Additionally, building infrastructure also holds significance since the cables are highly needed in the infrastructure applications. As per reports, it was noted that factories in Saudi Arabia attracted a total capital of USD 10.2 billion in the initial months of 2024, reflecting a notable increase in investment compared to 2023. These investments will be propelling a demand for cables on a large scale.
   
• The communication cables are also important in providing broadband penetration and high-speed data transmission services across continents to meet the ever-growing insatiable demand. Companies are growing at a higher pace in telecom sector, creating a demand for cables in Middle East. STC is a leading operator in the Kingdom of Saudi Arabia, with an international presence in 11 countries serving more than 170 million customers. These operators are contributing significantly in the Middle east cables market.
   

• The Saudi Arabia cables market in 2022, 2023 and 2024 was valued at USD 3.8 billion, USD 4 billion and USD 4.2 billion respectively. Since Saudi Arabia is an emerging economy, it is witnessing a cables industry’s transformation on a large scale. Saudi Arabia government is taking relentless efforts, along with the large number of investments, growing the cable market considerably in the coming years.
   
• In Jan 2024, Saudi Economy Minister announced that that the kingdom's USD 600 billion expanded package with the United States includes investments as well as procurement from the public and private sectors. This investment will be playing a vital role in the growth of the cables market in Middle East.
   
• The UAE is also an important country in the Middle East cables market since the it is also investing huge amount in the electrical infrastructure. The total investments in infrastructure between 2018 and 2023 amounted to USD 3.21 billion, covering infrastructure projects and maintenance under the Ministry's investment program in UAE.
   
• Similarly, in Egypt, in 2024, the Egyptian Electricity Transmission Company (EETC) allocated EGP 0.15 billion during the fiscal year 2023/2024 to upgrade and expand its high-voltage and ultra-high-voltage infrastructure.
   
• The automotive sector (specially EV) also plays a vital role in the growth of Middle East cables market since it is highly growing due to rising preference for the EV. Saudi Arabia's electric vehicle (EV) market is growing rapidly, with the number of EVs increasing from 375 in 2021 to over 12,000 in 2023. The country's ambitious targets include increasing the EV share in Riyadh to 30% by 2030.
   
• The Qatar cables market is also growing due to rapid infrastructure development, driven by Vision 2030, urban expansion, and smart city projects. Investments in renewable energy, metro systems, and industrial zones increase demand for cables. Additionally, oil & gas projects and grid modernization further boost the market for power and telecom cables.
   

Middle East Cables Market Share

Top 4 companies including Bahra Electric, Belden, Dubai Cables Company, Saudi Cables hold more than 40% market around the world. The major companies consistently work on new products and solutions which makes them a crucial part of the industry globally. These companies place a high focus on investment, especially on research and development. Besides, these companies apply different methods of market development in order to obtain considerable shares in the industry.
 

Middle East Cables Market Companies

• In January 2023, Cable Manufacturers from Saudi Arabia, Riyadh Cables, has announced its agreement with Wafaa AI-Furat Company, Iraq base supplier, to supply electrical accessories and components of worth of above 25 million.
   
• In May 2024, Belden Inc. Belden 5320UV and 5220UV Cables to its portfolio of addressable fire alarm cables, enhancing its offerings with secure, high-quality products designed for critical applications, previously meeting the demands of discerning customers.
   
• In February 2024, Elsewedy Electric’s high-voltage cable technology set new standards in Egypt and the Middle East by partnering with Pfisterer to conduct pioneering type tests on 150kV cable systems, previously pushing the boundaries of innovation.
   

Major players operating in the Middle East cables industry are:

• Bahra Electric
• Belden
• Dubai Cables Company
• Elsewedy Electric
• Fahad Cables
• HELLUKABEL
• Nexans
• Prysmian Group
• Riyadh Cables
• Saudi Cables Company
• Sumitomo Electric
   

Middle East Cables Industry News

• In 2023 January, Nexans had the sales of approximately USD 6.8 billion, significantly influencing the commercial wire and cable sector. Nexans joined Authentic Vision in fighting cable counterfeiting through the adoption of Meta-Anchor technology, showing the industry’s fidelity towards product verification and supply chain security.
   
• In January 2023, Nexans has teamed up with TriMet on a project to co-develop a tooling material made from recycled aluminum for producing rods for cables. The collaboration aims to reduce carbon emissions while ensuring the product meets the necessary technical standards for mechanical properties and conductivity.
   
• In October 2024, Pakistan Cables Limited and Bahra Electric, a leading manufacturer of cables and electrical goods from the Kingdom of Saudi Arabia, have signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration in the industrial and energy sectors between the Pakistan and the Kingdom of Saudi Arabia.
   
• In February 2025, Ducab Group has announced a partnership with the Mohammed Bin Rashid Housing Establishment (MBRHE) to supply advanced cable solutions for residential projects in Dubai. Ducab will provide low-voltage power cables, wires, flexible cables, and Flam BICC2 fire-resistant cables for 432 residential units in Wadi Alamardi and 398 units in Al Awir. The cables are designed to meet high safety standards, ensuring reliable power distribution and fire protection.
   

This Middle East cables market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:

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Market, By Voltage

• Low
• Medium
• High
• Extra High

Market, By Application

• Commercial
• Industrial

The above information has been provided for the following countries:

• Saudi Arabia
• Qatar
• UAE
• Egypt
• Kuwait
• Iraq