deugro Invests in Modularised Construction and Heavy Lift Logistics in GCC Markets
deugro is enhancing its capabilities in modularised construction and heavy lift logistics, particularly for large offshore and onshore projects. The company anticipates strong growth in the UAE and Saudi Arabia, driven by significant energy, infrastructure, and construction initiatives. While the region faces challenges related to FDI and project financing, there is optimism for continued investment in both hydrocarbons and renewables, particularly green hydrogen and solar energy. Major upcoming events and diversification efforts are expected to drive demand for logistics and heavy lift services.
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deugro is investing in specialized marine equipment with a deck loading capacity of 20 tonnes per sq m to enhance its modularised construction and heavy lift logistics capabilities for large-scale projects. The company is focusing on both offshore and increasingly complex onshore projects in the UAE and Saudi Arabia, which are expected to lead the Gulf Cooperation Council (GCC) markets by 2026.
The shift toward renewable energy, including solar and green hydrogen projects, is notable, despite ongoing ties to oil revenue cycles affecting project financing. Major infrastructure initiatives in Saudi Arabia, such as preparations for significant events and mega-projects like NEOM, will drive demand for heavy lift capabilities. However, fluctuations in Brent crude prices pose challenges for long-term planning.
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