The United Arab Emirates is rapidly expanding its non-oil economy, driving significant demand for industrial infrastructure and materials. This basket offers exposure to the global US/EU-listed companies supplying the essential equipment, chemicals, and engineering services for this growth.
Published on November 13
The UAE is investing billions in non-oil sectors, creating unprecedented demand for the industrial equipment and services these companies provide. This infrastructure boom could drive sustained revenue growth.
These aren't speculative bets - they're proven multinational corporations with existing Middle East operations and established supply chains, offering a stable way to access UAE's growth story.
With oil dependency reduction as a national priority, the UAE's commitment to industrial development isn't optional - it's essential, potentially creating long-term tailwinds for these suppliers.
The UAE is aggressively diversifying away from oil, creating massive demand for industrial infrastructure. Rather than investing directly in local projects, this 'picks and shovels' approach targets the established global companies that supply the essential equipment, chemicals, and engineering services powering this transformation.
This group focuses on US and European-listed industrial giants with proven Middle East operations. These companies supply everything from heavy machinery to specialty chemicals, benefiting from the UAE's billions in non-oil sector investments whilst offering the stability of established multinational corporations.
Each company was selected for having direct business relationships and established operations in the UAE. From Caterpillar's official dealer network to Linde's production facilities in Sharjah, these firms are already integral suppliers to the Emirates' ambitious development plans.
This basket's total market capitalisation is $572.22B and is heavily anchored by a small number of very large-cap constituents. That concentration tends to yield a more stable, broad-market-like profile with lower idiosyncratic risk.
CAT: $268.16B
CMI: $66.19B
LIN: $200.30B
Get the full story on this Basket. Read our detailed article on its risks and potential.
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Part of Exinity Group 2015, serving over a million customers globally.
Earn 6% AER on uninvested cash with daily interest payments.
Disney is suing the FCC to block an early license review of its ABC stations, arguing the move is politically motivated retaliation against its news coverage. This unprecedented legal battle highlights the growing regulatory risks for traditional broadcasters and underscores the structural advantages of unregulated digital streaming platforms.
SK Hynix has unveiled a record-breaking 40 trillion won share buyback fueled by soaring demand for its AI memory chips. This historic capital return creates a compelling investment theme centered on high-bandwidth memory producers and the specialized equipment manufacturers that enable their advanced production.
Home Depot's recent earnings beat highlights consistent consumer spending on smaller household repair and maintenance projects. This ongoing trend presents promising opportunities for various home improvement retailers and building material suppliers.
Here are a few of the assets in this group. Create an account to unlock the full list.
CAT
CAT
Current Price
$811.62
Caterpillar supplies heavy machinery essential for UAE infrastructure development through its official dealer in the United Arab Emirates, Al-Bahar, s...
Caterpillar supplies heavy machinery essential for UAE infrastructure development through its official dealer in the United Arab Emirates, Al-Bahar, supporting major construction and industrial projects.
Cummins
CMI
Current Price
$574.12
Cummins supplies high-horsepower engines and power generation equipment in the region through its official joint venture and distributor, Cummins Midd...
Cummins supplies high-horsepower engines and power generation equipment in the region through its official joint venture and distributor, Cummins Middle East, based in the United Arab Emirates.
LINDE PLC
LIN
Current Price
$486.89
Linde supplies essential industrial gases and engineering services through its Linde-Sigas joint venture, which operates a major production facility i...
Linde supplies essential industrial gases and engineering services through its Linde-Sigas joint venture, which operates a major production facility in Sharjah, United Arab Emirates.
Join Nemo FREE today and unlock every stock
It only takes 60 seconds.
7 of 7 assets in this group are rated Buy by professional analysts.
