Middle East
$80 billion Saudi construction boom to drive its $3.2 billio
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, sai...
Qatar to invest up to $13 billion on construction mega proje
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 inv...
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...
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 Hotel Dubai and Le Meridien Dubai last week. The programme was attended by more than 40 engineers...
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 f...
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 E...
Investcorp buys stake in Saudi’s Al Borg Medical Laboratorie
November 22, 2016 * Investcorp putting in $100-$200 million: Source * Firm expects to reach target of $25bn for AUM next year * Al Borg has 53 laboratories across eight countries in the Gulf and Afric...
2.9.3 Iran
Iran’s market size for chillers was US$ 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,...
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 chill...
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 milli...
