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1 MARKET INTELLIGENCE . CONSULTING 2017 – 2027 MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET FORECAST AND OPPORTUNITIES 2017 – 2027

2 © TechSci Research Table of Contents 2 S. No. Contents 1. Service Overview 2. Research Methodology 3. Executive Summary 4. Impact of COVID - 19 on Saudi Arabia Construction Equipment Rental Market 5. Voice of Customer 5.1. Factors Influencing Renting Decisions 5.2. Challenges/Unmet Needs 5.3. Rental Company Switching Attributes 5.4. Key Satisfaction Level 6. Saudi Arabia Construction Equipment Rental Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Equipment Type (Wheel Loader, Crane, Excavator, Bulldozer, Dump Truck, Diesel Genset, Motor Grader and Telescopic Handler, Others) 6.2.2. By Region (South & West, North & Central, East) 6.2.3. By Province (East, Mecca, Riyadh, Eastern, Asir, Medina) 6.2.4. By Company (2021) 6.3. Product Market Map (By Equipment Type, By Region, By Province)

3 © TechSci Research Table of Contents 3 S. No. Contents 7. Saudi Arabia Wheel Loader Rental Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Operating Weight 7.2.2. By Company 7.3. Wheel loader Rental Tariff 8. Saudi Arabia Crane Rental Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Operating Weight 8.2.2. By Company 8.3. Crane Rental Tariff 9. Saudi Arabia Excavator Rental Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Operating Weight 9.2.2. By Company 9.3. Excavator Rental Tariff

4 © TechSci Research Table of Contents 4 S. No. Contents 10. Saudi Arabia Bulldozer Rental Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Operating Weight 10.2.2. By Company 10.3. Bulldozer Rental Tariff 11. Saudi Arabia Dump Truck Rental Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Operating Weight 11.2.2. By Company 11.3. Dump Truck Rental Tariff 12. Saudi Arabia Diesel Genset Rental Market Outlook 12.1. Market Size & Forecast 12.1.1. By Value 12.2. Market Share & Forecast 12.2.1. By End User 12.2.2. By Power 12.2.3. By Company 12.3. Diesel Genset Rental Tariff

5 © TechSci Research Table of Contents 5 S. No. Contents 13. Saudi Arabia Motor Grader Rental Market Outlook 13.1. Market Size & Forecast 13.1.1. By Value 13.2. Market Share & Forecast 13.2.1. By Blade Width 13.2.2. By Company 13.3. Motor Grader Rental Tariff 14. Saudi Arabia Telescopic Handler Rental Market Outlook 14.1. Market Size & Forecast 14.1.1. By Value 14.2. Market Share & Forecast 14.2.1. By Operating Weight 14.2.2. By Company 14.3. Telescopic Handler Rental Tariff 15. Market Dynamics 15.1. Drivers 15.2. Challenges 16. Pricing Analysis 17. Policy and Regulatory Landscape 18. Market Trends and Developments 19. SWOT Analysis

6 © TechSci Research Table of Contents 6 S. No. Contents 20. Supply Chain Analysis 21. Saudi Arabia Economic Profile 22. Company Profiles 22.1. Zahid Tractor and Heavy Machinery Co. Ltd 22.2. General Contracting Company (GCC) 22.3. Bin Quraya for Rental and Heavy Equipment 22.4. Industrial Supplies Development Co. Ltd. (ISDC Rental Company) 22.5. Abdulla Nass & Partners Co. Ltd. (ANPC) 22.6. Saad Al Qahtani Contracting Co. (SAQCO) 22.7. Arabian Consolidated Trading (ACT Crane & Heavy Equipment) 22.8. Altaaqa Alternative Solutions Company 22.9. Al Faris Group 22.10. Rezayat Sparrow Arabian Crane Hire Co. Ltd 23. Strategic Recommendations 24. About Us & Disclaimer

Service Overview

8 © TechSci Research Service Overview Scope of Report: Construction Equipment Rental Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range SAUDI ARABIA CONSTRUCTION EQUIPMENT RENTAL MARKET BY EQUIPMENT TYPE • Dump Truck • Diesel Genset • Crane • Wheel Loader • Excavator • Bulldozer • Motor Grader • Telescopic Handler • Others Construction equipment refers to heavy - duty vehicles, specially for carrying out construction tasks, the most common of which are earthwork operations . They are also known as heavy machines, heavy trucks, engineering equipment, heavy vehicles, or heavy hydraulics . Construction equipment rental is a service provided by construction equipment rental companies to contractors/Engineering Procurement and Contractors . Construction equipment rental services consists of renting of heavy construction machinery such as bulldozers and loaders . It also includes renting out the unused or idle equipment to other professionals to avoid storage and transportation concerns . Market Segmentation 8 BY REGION • South & West • North & Central • East BY PROVINCE • Mecca • Riyadh • Eastern • Asir • Medina • East

Research Methodology

10 © TechSci Research Research Methodology ✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In - depth Interviews Data Collection Developing List of Respondents Formulating Questionnaire Market Profiling Data Validation Data Analysis In - depth secondary research was conducted to determine overall market size, segmental market size and leading companies in Saudi Arabia Construction Equipment Rental Market . In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of top companies and industry specialists was developed. TechSci conducted interviews with industry experts and top companies for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. The data was scrutinized using MS - Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Saudi Arabia Construction Equipment Rental Market . Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion ✓ Market Participants ✓ Key Strengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body Secondary Research Primary Research 10

11 © TechSci Research Research Methodology 11 Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the Saudi Arabia Construction Equipment Rental Market . The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing need of equipment rental, increasing preference towards comprehensive and flexible r ental agreements, rising technologically a dvanced construction e quipment, etc . , and projected a robust growth during the forecast period . The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Saudi Arabia Construction Equipment Rental Market . Methodology Followed for Calculation of Market Size : Market Size by Value : Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts . The team interviewed more than 15 companies, 25 industry experts and other value chain stakeholders in the Saudi Arabia Construction Equipment Rental Market to obtain the overall market size during 2017 - 2021 , which was validated by the Delphi technique . Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017 - 2021 .

12 © TechSci Research Research Methodology 12 Respondents were asked about the current and future market growth rates, as well as market shares by equipment type, by region, by province, and by company . Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares . Revenue shares generated across various segments were further triangulated from other stakeholders . Methodology Followed for Calculation of Market Shares : Market shares by equipment type, by region, by province, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading construction equipment rental companies in Saudi Arabia . The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers . Moreover, respondents were asked about the leading companies operating in the Saudi Arabia Construction Equipment Rental Market . Methodology Followed for Forecasting : TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results .

13 © TechSci Research Research Methodology 13 Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market . To forecast the Saudi Arabia Construction Equipment Rental Market , TechSci Research used various forecast techniques such as : o Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions . TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario . Note : Sum of some shares may not be 100 % due to round off till two decimal places . Partial List of Companies Interviewed Zahid Tractor and Heavy Machinery Co . Ltd, General Contracting Company (GCC), Bin Quraya for Rental and Heavy Equipment, Industrial Supplies Development Co . Ltd . (ISDC Rental Company), Abdulla Nass & Partners Co . Ltd . (ANPC), Saad Al Qahtani Contracting Co . (SAQCO), Arabian Consolidated Trading (ACT Crane & Heavy Equipment), Altaaqa Alternative Solutions Company, Al Faris Group, Rezayat Sparrow Arabian Crane Hire Co . Ltd, among others . Partial List of Secondary Sources Saudi Contractors Authority, Middle East Construction Association, Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, TechSci Research Proprietary Database & Knowledge Repository, etc .

14 © TechSci Research Industry Brief 14 Increasing Investments into infrastructure and government schemes are driving the growth in Saudi Arabia construction equipme nt rental market in the forecast period, 2017 - 2027F. According to TechSci Research report, “ Saudi Arabia Construction Equipment Rental Market - - Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017 - 2027 ”, the Saudi Arabia construction equipment rental market stood at USD 1486 . 45 million in 2021 and is expected to register a CAGR of 7 . 57 % to reach USD 2395 . 33 million by 2027 . Saudi Arabia is a prime producer and exporter of oil & gas and is witnessing huge demand worldwide due to growing energy requirements . The leading producers are setting up new wells and pipelines . The installation of oil rigs and pipelines is expected to significantly impact the Saudi Arabia construction equipment rental market demand . Market players are adopting attractive marketing strategies to stay ahead in the market, such as the growing popularity of the concept lease to own, in which the rental companies who could not invest in the purchase of construction equipment take it on lease from the dealer and pay the cost of equipment in easy installments . However, the maintenance cost incurred by construction equipment rental companies at regular intervals and the intense competition among the market players may restrain the growth of the Saudi Arabia construction equipment rental market in the forecast period . The Saudi Arabia construction equipment rental market is segmented into equipment type, region, province, and competitive landscape . Based on equipment type, the market is divided into wheel loader, crane, excavator, bulldozer, dump truck, diesel genset, motor grader, and telescopic handler, and others . The wheel loader segment dominated the market in 2021 by covering a market share of 22 . 45 % of the overall market share . Wheel loader is also known as a bucket loader, scoop loader, and skip loader . The wheel loader features a front - mounted bucket designed to scoop, transport, and hold loosely packed materials such as sand and pulverized minerals in the oil & gas industry . The high demand for wheel loaders from the construction sector for different applications such as block handling, log handling, waste disposing, and slag handling drives the segment demand . Also, the ongoing construction and infrastructure development projects such as the Red Sea Tourism Project, National Infrastructure Fund (NIF) by the leading authorities are expected to contribute to the market growth significantly . On the basis of regional analysis, the South & West region captured the highest market share by accounting for a market share of 46 . 05 % in 2021 and is expected to maintain its dominance through the next five years . This region has a number of major holy destinations, such as Mecca and Medina, which witnesses a huge footfall of Islamic pilgrims throughout the year . The massive number of tourists is boosting the hospitality and construction sector of the region . Leading authorities are trying to improve public facility services by renovating the existing infrastructure such as airports, hotels, restrooms, and other facilities and constructing new facilities . The construction companies and market players prefer to opt for construction equipment rental services as they provide the latest and most advanced construction equipment at comparatively affordable rates and eliminate maintenance costs . Major market players operating in Saudi Arabia construction equipment rental market are Zahid Tractor and Heavy Machinery Co . Ltd, General Contracting Company (GCC), Bin Quraya for Rental and Heavy Equipment, Industrial Supplies Development Co . Ltd . (ISDC Rental Company), Abdulla Nass & Partners Co . Ltd . (ANPC), Saad Al Qahtani Contracting Co . (SAQCO), Arabian Consolidated Trading (ACT Crane & Heavy Equipment), Altaaqa Alternative Solutions Company, Al Faris Group, Rezayat Sparrow Arabian Crane Hire Co . Ltd “The Kingdom of Saudi Arabia has implemented strict regulations to restrict the import of construction equipment in the country . Saudi Arabian Standards Organization (SASO) guides the manufacturers to provide quality and highly technologically advanced construction equipment tools and services . Construction companies opt for rental services to obtain advanced construction equipment at affordable rates . Market players are advised to invest in buying novel construction equipment to capture the largest market share . Also, the adoption of alternative sales channels for the expansion of the consumer base is expected to propel the growth of Saudi Arabia construction equipment rental market through 2027 ,” said Mr . Karan Chechi, Research Director with TechSci Research, a research - based global management consulting firm .

15 © TechSci Research Sample Data - Snapshot 15 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) Saudi Arabia Construction Equipment Rental Market Size, By Value (USD Million), 2017 - 2027F CAGR 2017 - 2021 By Value: xx % CAGR 2022E - 2027F By Value: xx % 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F < 15 Ton 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 15 Ton- 30 Ton 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% > 30 Ton 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Saudi Arabia Wheel Loader Rental Market Share, By Operating Weight, By Value, 2017 - 2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Residential 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% Manufacturing 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Commercial 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% Telecom 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Saudi Arabia Diesel Genset Rental Market Share, By End User, By Value, 2017 - 2027F

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About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India . TechSci Research provides market research reports in number of areas to organizations . The company uses innovative business models that focus on improving productivity, while ensuring creation of high - quality reports . The proprietary forecasting models use various analyses of both industry - specific and macroeconomic variables on a state - by - state basis to produce a unique ‘bottom - up’ model of a country, regional and global industry prospects . Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market . Related Reports • UAE Construction Equipment Rental Market, Competition Forecast & Opportunities, 2017 - 2027 • Turkey Construction Equipment Rental Market, Competition Forecast & Opportunities, 2017 - 2027 • Australia Construction Equipment Rental Market, Competition Forecast & Opportunities, 2017 - 2027 • Egypt Construction Equipment Rental Market, Competition Forecast & Opportunities, 2017 - 2027 • Qatar Construction Equipment Rental Market, Competition Forecast & Opportunities, 2017 - 2027 The contents of this report are based on information generally available to the public from sources believed to be reliable . No representation is made that it is timely, accurate or complete . TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand . However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report . The information herein, together with all estimates and forecasts, can change without notice . All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption . Usage of the same for purpose other than internal will require prior approval of TechSci Research . TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1 - 646 - 360 - 1656 Email: [email protected] www.techsciresearch.com Disclaimer TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: [email protected] www.techsciresearch.com TechSci Research – Asia - Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91 - 120 - 4523900 Email: [email protected] www.techsciresearch.com Table of Contents