Doosan Infracore Wins Order for 75 Medium and Large Excavators in Saudi Arabia

Doosan Infracore excavators deployed at the world's largest smart city construction project site, 'Neom City'

[Asia Economy Reporter Kim Hyewon] Doosan Infracore has consecutively secured orders for a total of 75 medium- and large-sized excavators from a major customer in Saudi Arabia.

Doosan Infracore announced on the 26th that it recently received an order for a total of 25 excavators from a local Saudi construction company, including 20 units of 22-ton excavators (DX220LCA) and 5 units of 50-ton excavators (DX480LCA).

Doosan Infracore also won a contract for 50 units of 22-ton excavators (DX225LCA) by outperforming global competitors in a bid issued by a consortium of two construction companies in Saudi Arabia.

The construction company that placed the first order for 25 units is a key partner of Saudi Arabia's state-owned oil company Aramco and has a high level of satisfaction with Doosan Infracore equipment, deploying various Doosan construction machines in large-scale construction projects underway in Saudi Arabia. This contract is the second order following a purchase agreement for a total of 35 excavators and wheel loaders in March. Combining the first and second orders, the total purchase volume of Doosan Infracore equipment reaches 60 units.

The excavators to be delivered are scheduled to be deployed in the construction of 'NEOM City' in western Saudi Arabia. NEOM City is the world's largest smart city construction project promoted by Saudi Arabia, with a project cost of approximately 500 billion dollars.

In the second order for 50 units, Doosan Infracore received high evaluations by offering equipment performance, price, and services optimized for customer demand. The consortium that purchased the equipment this time is a key partner of Saudi Arabia's state-owned power company. The delivered excavators will be used for maintenance work on power facilities.

Earlier, Doosan Infracore received an order in April to supply 102 excavators, equivalent to 23% of the annual market size, in Qatar, earning favorable reviews in the Middle East market recently. Doosan Infracore is focusing on securing large customers by launching competitive new products in the Middle Eastern construction machinery market and promoting the customer-tailored integrated service solution 'DoosanCare,' aiming for a market share of over 10% this year.

A Doosan Infracore official said, "The Middle East market is highly competitive due to economic recession and the entry of global competitors, making it a crucial time to establish dominance," adding, "We will use this large-scale deal as a stepping stone to continuously enhance brand value and product reputation by providing various product and service packages that meet customer expectations."

This content was produced with the assistance of AI translation services.