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$250 billion worth of projects in Saudi yet to be awarded
June 19, 2017 Projects yet to be awarded in the Kingdom accounts for 39% of the total value in the GCC indicate the “Saudi Arabia 2017: Delivering Vision 2030” report by MEED says. The kingdom’s energy sector has the biggest pipeline of project contracts yet to be awarded, with $82 billion worth.../images/up/News/20176209483940173.jpg
Dow Chemical to build a new polymer facility in Saudi
June 19, 2017 The first agreement is to construct a new waterborne polymer facility, valued at more than $100 million, to produce coatings emulsion polymers plus polyacrylate dispersant polymers for water treatment and consumer applications. The firm also signed a memorandum of understanding (MoU).../images/up/News/20176209463268148.jpg
Majid Al Futtaim to power 4 more malls with solar panels
June 08, 2017 Solar panels will power 4 more malls by Majid Al Futtaim by 2018, delivering expected savings of around $22 million, the company has announced. The power deal was signed with Enova, integrated energy and multi-technical service provider, who will install thousands of solar panels e.../images/up/News/201761015521932952.jpg
NXN Launches Managed Security Services Practice in Middle East
Jun 5, 2017 NXN (formerly neXgen Group), a leading Smart Cities Digital Services organisation in the region has joined forces with McAfee to launch a Managed Security Services Provider (MSSP) practice in the Middle East. The MSSP practice will enable NXN to build on their Smart City Managed Serv...
26,653 buildings planned for Dubai this year
5 JUN 2017 Dubai Municipality (DM) has announced that there are currently 26,653 buildings under construction in the emirate. The portfolio includes 16,870 villas that are part of a development, 1,238 multi-storied buildings, 770 general buildings, 737 industrial buildings and 6,111 private vill.../images/up/News/2017672351551975.jpg
Miral awards new contract for $3.27 billion Yas Bay project
May 31, 2017 Developer of the project, Miral, announced that under the terms of the 4-year contract, Faithful+Gould will work on Phase 1 of the two-phase project, which is located in the south of Yas Island. Yas Bay’s initial phase will involve the construction of a 650-key hotel and Yas Arena.../images/up/News/20176223391770513.jpg
Market focus: Powering Qatar
May 29, 2017 The nation needs $9 billion investment in its power sector from 2016 to 2020, according to the ’GCC Power Market’ report by Ventures Onsite. Qatar’s current capacity is 8.8 GW and demand is around 8.2 GW. With the completion of ongoing projects, including the Umm Al Houl plant, the e.../images/up/News/201753113342565137.jpg
Gree Shows Powerful Strength in Saudi Elenex/Aircon 2017
24 MAY 2017 On May 16th, Saudi Elenex/Aircon 2017 ended successfully in Riyadh International Convention Exhibition Center. Gree, as a leading enterprise in HVACR industry, undoubtedly became a spotlight in the show. Saudi Elenex/Aircon show is one of the professional air conditioning shows in S.../images/up/News/201752819532847905.jpg
Armacell ground-breaks new Bahrain plant
24 MAY 2017 BAHRAIN: Insulation company Armacell has formally begun construction of a new manufacturing facility in Bahrain with a groundbreaking at the Bahrain International Investment Park (BIIP). Due to start production in 2018, the factory will manufacture a comprehensive range of products, .../images/up/News/20175318552172955.jpg
2. 9 MIDDLE EAST
The Middle Eastern VRF market scale was 24,800 units in 2016, an increase of 11.0% compared with 2015. Almost all VRF systems in the region are imported from overseas. The VRF market in the Middle East features a large number of large-scale projects, with some orders of up to 1,000 units. These l.../images/up/News/20175281218469563.jpg
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