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Award-Winning Thermostat Keeps Mosques Cool
Dec 12, 2016 Honeywell has been presented with a prestigious award for innovation in the Middle East, for a new approach to temperature control that helped a mosque save 37 percent on its energy usage. Getting the temperature right at home - and keeping it right - without wasting lots of ene.../images/up/News/2016121416504040444.jpg
$80 billion Saudi construction boom to drive its $3.2 billion HVAC market
Saudi Arabia’s HVACR (heating, ventilation, air-conditioning and refrigeration) market is poised for solid growth over the next five years mainly driven by the $80 billion Saudi construction boom, said a report. December 08, 2016 The report by TechSci Research stated that valued at $3.2 billion cu.../images/up/News/2016121020585131465.jpg
Qatar to invest up to $13 billion on construction mega projects in 2017
Ali Shareef al-Emadi, Finance Minister of Qatar, reiterates the country’s commitment to achieving its goals with increased investment in major infrastructure projects. December 07, 2016 Qatar will invest up to $13 billion in major infrastructure projects in 2017 despite a slump in revenues resulting.../images/up/News/201612918331313502.jpg
Bitzer Establishes a Subsidiary in Iran
・ Active in the market for 40 years ・ Continued sales through experienced local partners ・ Comprehensive service concept Sindelfingen/Tehran, 05.12.2016. Confident of the growth potential in Iran, BITZER, the specialist in refrigeration compressors, is expanding its presence there. The found.../images/up/News/201612711321411381.jpg
Airedale provides cool answers in Dubai
November 28, 2016 UAE: Airedale has completed a training programme in Dubai showcasing the latest developments in precision cooling solutions and controls as part of UAE Innovation Week. The British air conditioning and refrigeration manufacturer embarked on the four-day programme at Time Plaza ...
Petra Receives Delegation from UAE
On October 15, Petra Engineering was visited by a delegation from the Ministry of Public Works in United Arab Emirates (UAE). The delegation took a tour of Petra’s facility to see its capability for future cooperation with Petra./images/up/News/2016112623121369140.jpg
HVAC agreement between ENOC and Dutch company Oxycom
November 24, 2016 ENOC has agreed to purchase a consignment of Oxycom cooling units at a cost of up to AED 400,000. The installation of the INTRCOOLL cooling units will begin next week at the EPPCO Tasjeel site in Al Warsan and continue until the end of this year. This collaboration is a resu.../images/up/News/2016112517343673951.jpg
Investcorp buys stake in Saudi’s Al Borg Medical Laboratories
November 22, 2016 * Investcorp putting in $100-$200 million: Source * Firm expects to reach target of $25bn for AUM next year * Al Borg has 53 laboratories across eight countries in the Gulf and Africa Investcorp has bought a stake in Saudi Arabia’s Al Borg Medical Laboratories, one of the l.../images/up/News/201611241829945283.jpg
2.9.3 Iran
Iran’s market size for chillers was US$ 148.9 million in 2015, a 3.8% decrease compared with 2014. There is more demand for absorption chillers in Iran than in other Middle Eastern countries. However, demand for absorption chillers, which account for one-third of the market on a value basis, fell by.../images/up/News/201611240373684661.jpg
2.9.2 UAE
The UAE’s chiller market showed a strong performance in 2015, increasing by 21.1% to US$ 149.2 million. Centrifugal chillers were a growth driver with a 35.5% increase to US$ 48.7 million. Screw chillers represent about two-thirds of the total chiller market with US$ 97.9 million and experienced dou.../images/up/News/201611240342788582.jpg
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