Middle East
Khansaheb introduces UAE’s first 'green' ductwork
Spiralite, the only environmentally green ductwork at the Big 5, offers up to 40% energy savings in HVAC systems November 27, 2017 Khansaheb has acquired an exclusive license to manufacture Spiralite ...
Strong international turnout at The Big 5
Largest construction event in the Middle East draws 2,500+ companies from around the world November 27, 2017 The continued expansion of construction activities in the GCC region is attracting an incre...
SKM launches new line of chillers
November 27, 2017 HVAC manufacturer SKM Air Conditioning is launching the first line of chillers equipped with Honeywell’s Solstice ze (R-1234ze) refrigerant in the Middle East. The new chiller...
2.8 MIDDLE EAST -- Iran
Iran’s GDP came to 6.54%, by far the highest growth seen in the Middle East in 2016. Economic sanctions were lifted on January 20, 2016, but trade sanctions remain in place, which is dampening business activity. Iran is the second-largest chiller market in the Middle East. Its market scale reached US$ 141.8 million in 2016. This makes it the ninth-largest market in the world, but it was sti...
2.8 MIDDLE EAST -- Saudi Arabia
According to the IMF, Saudi Arabia’s GDP was 1.74% in 2016, far lower than the 4.11% recorded in 2015. The projection of 0.13% GDP growth in 2017 is also very challenging. The Saudi Arabian economy is highly dependent on oil, which accounts for approximately 90% of its exports and 80% of government revenue. Aiming to move away from oil dependency and increase employment opportunities for it...
2.8 MIDDLE EAST
The large scale of the Middle Eastern chiller market remained unchanged in 2016, but its rate of growth slowed. The two largest markets in the region are Saudi Arabia and Iran, and both recorded doubl...
The Big 5 set for kickoff in Dubai
The largest construction event in the Middle East gets underway on Sunday November 23, 2017 The Big 5 2017 will host an unprecedented line-up of visionary leaders this year, from 26 to 29 Novem...
Azizi starts work on $6.8bn Azizi Victoria
Project will comprise 105 mixed-use buildings, a retail district and two hotels November 22, 2017 Azizi Developments has commenced construction of its new British-themed mega residential development i...
Construction’s ‘greenest’ products revealed
Judging panel shortlists finalists of The Big 5 GAIA Awards 2017 November 21, 2017 A panel of industry experts has shortlisted the top green construction products currently available in the MENA regio...
UAE construction to end decade with a bang
BMI Research predicts sector growth in excess of 6% in the run up to 2020 November 21, 2017 The construction sector will be among the main beneficiaries of an economic upturn in the UAE over the next ...
