Middle East
Honeywell adds anti-fake measures
November 24, 2015 MIDDLE EAST: In an effort to combat counterfeits in the Middle East, Honeywell has added a verifiable barcode on its Genetron R134a refrigerant containers. The new measure is ...
@The Big 5: Dubai reveals its sustainable future
Dubai Municipality discussed the use and implementation of green concrete on Monday during a seminar in its aim to make Dubai a leading sustainable city. November 23, 2015 Dubai Municipality revelaed ...
@The Big 5: Championing construction and infrastructure
China has always been one of the largest exhibiting groups at The Big 5 Dubai and more than 600 exhibitors are participating this year, occupying more than 7,000 sqm of space at the Dubai World Trade ...
@The Big 5: Building and construction sector in Jafza regist
Participates in Big 5 to attract more multinationals interested in the GCC’s$327 billion market November 23, 2015 The building and construction sector in Jebel Ali Free Zone (Jafza) has posted 74 per ...
The Big 5 officially opens in Dubai
His Excellency Dr Rashid Ahmad bin Fahad, Minister of Environment and Water for the UAE performs the official opening ceremony November 23, 2015 Thousands of people have begun arriving in Dubai for t...
Qatar's economy to grow by 6.8% next year
Qatar has no plans to scale back major projects despite economic uncertainties and budget cuts elsewhere in the region November 19, 2015 Qatar’s economy will be fuelled by substantial infrastructure i...
2.9.3 Iran
Iran’s real GDP growth in 2014 saw the second consecutive year of negative growth. Under the leadership of moderate Hassan Rouhani as president and with the nuclear agreement reached this summer set to end economic sanctions, there are hopes for economic revitalization and increased business opportunities in the country. Iran’s market size for chillers was US$ 154.8 million in 2014, a 1.1% ...
2.9.2 UAE
The UAE’s real GDP growth came to 3.61% in 2014, its highest growth in seven years. The recovery trend was evident, including in the construction sector, which saw a turn to positive growth after stagnation in the years following the 2009 Dubai debt shock. Dubai is slated to host the World Expo in 2020, which is expected to increase construction of large-scale facilities. The total size of ...
2.9.1 Saudi Arabia
Saudi Arabia maintained the largest scale of the four key markets in the Middle East in 2014. Saudi Arabia’s market size for chillers was US$ 196.6 million in 2014, a 27.5% decrease compared with US$ ...
2.9 Middle East
In 2014, the Middle Eastern economy as a whole suffered a slowdown due to declines in oil production, political transitions, and conflict. According to BSRIA, the overall chiller market in the ...
