Middle East


China's Fidu to invest $550m in Dubai property

Real estate firm in talks for more deals after confirming Dubai Creek Harbour deal June 27, 2018 China’s Fidu Properties plans to pump nearly AED 2bn ($544mn) into the Dubai real estate sector...


Midea Rooftops for a Retail Bookstore in Saudi Arabia

Jarir Bookstore has grown to be one of the largest retailers of books and consumer electronics with more than 40 retail shops in Saudi Arabia as well as branches in other Gulf Cooperation Council (GCC...


Dubai mega community targets 20% solar power

Tilal Al Ghaf aims to achieve BREEAM environmental sustainability accreditation June 18, 2018 Majid Al Futtaim is setting ambitious sustainability goals for its new flagship Dubai community, Tilal A...


SirajPower inks solar pact with Landmark Group

Rooftop system to generate 2.1GW of clean energy at Dubai South June 13, 2018 SirajPower has signed a deal with retail giant Landmark Group to install a 2.1MW rooftop solar power plant.   Und...


DAMAC awards $20mn contract for AKOYA Oxygen

China State Construction Engineering Corporation to complete infra work at three villa clusters   June 12, 2018 DAMAC Properties has awarded China State Construction Engineering Corporation (C...



Iraq’s VRF market in 2017 was 600 units.   Hisense Hitachi offers VRFs for the Khabat project in Iraq. The company invited project representatives to its VRF factory in China in December ...



Kuwait’s VRF market is still very small, with only 1,000 units in 2017.   In 2017, AHI Carrier and Carrier Kuwait presented Toshiba VRFs at their customer event in Kuwait. Toshiba VRFs are available through AHI Carrier in 96 countries. Designed for efficient and trouble-free operation in T3 ambient conditions, SMMS-e VRF is available in a single module of 16 ton (20 hp), which can be ...



In Iran, the VRF market scale increased to 4,200 units in 2017. The huge young population accounts for a large share of the market in Iran, which presents promising market potential for VRFs. However, the impact of economic sanctions has not ceased.  ...



In Qatar, the VRF market increased to 2,700 units in 2017.   Qatar is the host country of the 2022 World Cup, which will stimulate the development of the VRF market. In preparation for the big event, construction has begun on the 80,000-seater Lusail Stadium and is expected to be completed by 2020. The stadium is part of a new US$ 45 billion city project. Construction work has also begun on...


Saudi Arabia

In Saudi Arabia, the VRF market scale increased to 3,700 units in 2017. A value-added tax (VAT) was introduced in Saudi Arabia on January 1, 2018, with a rate of 5%. The VAT will increase the gover...



The UAE is the largest VRF market in the Middle East, with a market scale of 10,000 units in 2017.   The 2017 VRF market was supported by large projects, many of them luxury condominiums in the...