Middle East Cables Market Is Projected To Grow Robustly By 2030

Middle East Cables Market Summary

The Middle East cables market size was valued at USD 10.97 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. This market is experiencing substantial growth driven by several key factors, including ongoing technological advancements, large-scale infrastructural development associated with economic diversification strategies, rising adoption and demand for renewable energy sources, and a surge in construction activities fueled by increasing urbanization. Additional factors such as expanding communication requirements, heightened government emphasis on safety regulations, and efficient supply chain management are further accelerating market expansion across the region.

A primary factor propelling this market is the significant level of government infrastructure investments, especially in nations like Saudi Arabia, the United Arab Emirates (UAE), Qatar, and Egypt. These countries have initiated long-term strategic plans to diversify their economies beyond traditional oil-based revenue streams. For example, Saudi Vision 2030 and UAE Vision 2021 emphasize the growth of sectors like tourism, renewable energy, and entertainment. These visionary initiatives have prompted substantial investments in urban infrastructure, advanced transportation systems, and energy production projects, which in turn have increased the demand for both medium and high-voltage cables essential for supporting such developments.

Key Market Trends & Insights

• In terms of product type, the low-voltage cable segment emerged as the leading contributor to market revenue in 2023, capturing a share of 43.2%. This dominance can be attributed to the region’s rising population, which has created a pressing need for expanded residential housing and commercial infrastructure. Moreover, the Middle East is at the forefront of smart city development, incorporating cutting-edge technologies aimed at improving the quality of urban life. Low-voltage cables are integral to these initiatives as they support essential systems such as smart lighting, digital energy management, and interconnected communication networks, thereby substantially increasing their regional demand.
• Regarding application, the commercial segment accounted for the largest market share at 64.5% in 2023. This can be linked to the rapid pace of urbanization across the region, with major metropolitan centers such as Dubai, Abu Dhabi, Riyadh, and Doha experiencing robust population growth and significant infrastructure modernization. The resulting surge in demand for office spaces, retail complexes, hotels, and public infrastructure has driven the need for efficient cabling solutions across commercial projects, reinforcing the segment's leading position within the overall market.
• Geographically, the Saudi Arabia cables market held the largest share in the region, commanding 34.6% of the total market value in 2023. This dominant position is a result of the country's continued investments in telecommunications and energy infrastructure, spearheaded by Vision 2030. The national strategy focuses on modernizing the kingdom's digital and physical infrastructure to support economic diversification and reduce dependency on oil revenues. These developments have fostered robust demand for high-performance cables essential for supporting next-generation urban, industrial, and utility projects.
• Meanwhile, the cables market in Qatar is projected to register the fastest growth in the region, with an expected CAGR of 6.1% from 2024 to 2030. Qatar’s strategic focus on infrastructure enhancement, especially in preparation for hosting prominent global events like the FIFA World Cup 2022, has significantly accelerated cable deployment across transportation, stadium construction, power distribution, and telecommunications sectors. These efforts have positioned Qatar as one of the fastest-developing cable markets in the Middle East, reflecting its proactive investment and planning strategies.

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Market Size & Forecast

• 2023 Market Size: USD 97 billion
• 2030 Projected Market Size: USD 15.52 billion
• CAGR (2024-2030): 5.1%
• Saudi Arabia: Largest market in 2023

Key Companies & Market Share Insights

Prominent companies operating within the Middle East cables market include Bahra Electric, Belden Inc., Ducab, ElsewedyElectric.com, and FAHAD CABLES INDUSTRY FZE (UAE), among others. These industry players are actively implementing strategic initiatives such as launching new products, expanding their distribution networks, entering new geographical markets, and adopting innovative technologies to sustain their competitive edge and capture a larger market share.

• Bahra Electric is a notable cable manufacturer in the Middle East, known for its wide product portfolio that includes power cables, instrumentation cables, and solar cables. The company ensures that its offerings meet international quality standards and places a strong emphasis on sustainability. Through partnerships with significant infrastructure projects across the Gulf Cooperation Council (GCC), Bahra Electric plays a key role in advancing Saudi Vision 2030 and other regional development goals.
• Ducab, based in the UAE, is another leading cable manufacturer offering a comprehensive array of high-quality cable products and related accessories. Its products cater to multiple sectors, such as construction, oil and gas, and renewable energy. The company is widely recognized for its commitment to innovation, safety, and sustainability, consistently producing cables that comply with international standards and are tailored to meet specific customer requirements.

Key Players

• Bahra Electric
• Belden Inc.
• Ducab
• ElsewedyElectric.com
• FAHAD CABLES INDUSTRY FZE (UAE)
• HELUKABEL GmbH
• Nexans
• Prysmian S.p.A.
• Riyadh Cables
• Saudi Cable Company
• Sumitomo Electric Industries, Ltd.

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Conclusion

The Middle East cables market is poised for sustained growth driven by rapid urbanization, smart infrastructure projects, and strong governmental support for economic diversification. With increasing investments in construction, energy, and telecommunications across key nations like Saudi Arabia, the UAE, and Qatar, the demand for high-performance cable systems is on the rise. The market is also benefitting from technological advancements and sustainability initiatives adopted by leading manufacturers. As the region continues to implement visionary development plans, the cable industry is expected to play a pivotal role in enabling modernization and connectivity, ultimately shaping the Middle East’s future infrastructure landscape.