Middle East Cables Market Size

Middle East Cables Market Size

Middle East Cables Market was valued at USD 10.9 billion in 2023 and will grow at a CAGR of over 5% between 2024 and 2032, due to rapid urbanization, infrastructure development, and technological advancements. Major factors driving this expansion include substantial investments in smart cities, renewable energy projects, and the expansion of telecommunications networks. Countries like the UAE, Saudi Arabia, and Qatar are at the forefront, prioritizing the development of modern infrastructure to support economic diversification and digital transformation. For instance, According to GSMA, the Gulf Cooperation Council states are expected to achieve the highest rates of 5G adoption globally by 2030.

In recent years, there has been a concerted effort by cloud and content providers to expand their user bases and deliver dependable, high-bandwidth services. This trend has fuelled increased interest in submarine infrastructure to meet the growing demand for reliable connectivity and data transfer capabilities. Additionally, the rise in energy demand necessitates enhanced power distribution networks, boosting the demand for power cables. The push towards renewable energy sources such as solar and wind also fuels the market, as these projects require extensive cabling solutions.