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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
2.9.1 Saudi Arabia
Saudi Arabia maintained the largest scale of the five key markets in the Middle East in 2015. Saudi Arabia’s chiller market recovered from the decline in 2014 and increased by 23.3% to US$ 242.4 million in 2015. The centrifugal chiller market boomed and achieved a huge increase of 49.2%, reaching US.../images/up/News/201611240311368264.jpg
2.9 Middle East
According to BSRIA, the overall chiller market in the five Middle Eastern countries of Saudi Arabia, the United Arab Emirates (UAE), Iran, Qatar, and Kuwait amounted to US$ 608.2 million in 2015, up 13.4% from 2014. Saudi Arabia’s chiller market, the largest in the region, increased by 23.3%. Loo.../images/up/News/201611240234091713.jpg
The Big 5 officially opened by HH Sheikh Hamdan today
November 21, 2016 The largest construction show in the Middle East has just been officially inaugurated by HH Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance and Industry of the United Arab Emirates. Taking place from November 21-24, 2016 at the Dubai World Trade .../images/up/News/2016112220124244753.jpg
Panasonic Installed a 'Power Supply Station' at Semi-Electrified Tomia Island
Nov 18, 2016 Tomia Island, Wakatobi, Indonesia - November 15, 2016 - Panasonic Corporation installed a Power Supply Station in Kulati Village, Tomia Island, Wakatobi, Indonesia. This photovoltaic package serves as the main power source for lighting and electrical outlets at clinics, schools, village.../images/up/News/201611221804236755.jpg
Abu Dhabi Ports and Emiroll to set up $120 million plant
Abu Dhabi Ports has signed a 50-year Musataha agreement with Emirates Aluminium Rolling (Emiroll) to set up a manufacturing plant with a total investment of $119.8 million, expected to go on-stream by Q3 2017. November 16, 2016 The plant will cover an area of 83,554.58 sqm plot in Khalifa Indust.../images/up/News/2016111717354470450.jpg
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