Doosan Infracore Wins Order for 62 Construction Machines in the Middle East, Aiming for 10% Market Share

[Asia Economy Reporter Kim Hyewon] Doosan Infracore announced on the 12th that it has secured orders for a total of 62 construction machines from major customers in the Middle East, including Saudi Arabia and Bahrain.

Doosan Infracore recently received an order for 30 DL420A wheel loaders from a local construction company in Saudi Arabia, followed by a contract for 20 units of 22-ton excavators (DX225LCA) from a partner company of the Saudi national power company.

The construction company that ordered 30 DL420A wheel loaders is a major partner of Saudi national oil company Aramco. This construction company mainly used equipment from Caterpillar, the world's number one construction machinery manufacturer from the United States, but this time purchased Doosan Infracore products. Doosan Infracore stated, "We received high evaluations by offering equipment performance, price, and services optimized for customer demand." The wheel loaders supplied by Doosan Infracore 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 with a budget of approximately $500 billion (about 578 trillion KRW).

The company that purchased 20 units of 22-ton excavators is a major partner of the Saudi national power company and had also purchased 50 units of the same excavator model in May. This order is an additional portion of the previous order. The equipment will be used for maintenance work on power facilities.

In Bahrain, Doosan Infracore secured orders for a total of 12 units, including 8 units of 22-ton excavators (DX225LCA) and 4 units of 30-ton excavators (DX300LCA) from two large local construction companies. Bahrain is an island country adjacent to Saudi Arabia, with an annual construction machinery market size of about 100 units. One of the construction companies that signed the contract is a large company ranked in the top 10 in Bahrain and has maintained business with Doosan Infracore for 37 years. The supplied equipment will be deployed at major construction sites and resource development sites within Bahrain.

Doosan Infracore has recently been signing large-scale contracts consecutively in the Middle East market. In April, it secured a contract to deliver 102 excavators in Qatar, and in May, a contract to deliver 75 excavators in Saudi Arabia. Doosan Infracore is focusing its sales efforts on securing large customers by introducing new products equipped with advanced functions and customized services in the Middle East construction machinery market.

A Doosan Infracore official said, "By leading large orders consecutively ahead of global competitors, Doosan Infracore's position is being further strengthened," and added, "We expect to achieve more than 10% market share in the Middle East market this year."

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