Middle East
1.9.4 Iran
Iran’s air conditioner market scale in 2013 is estimated a t 4 67,000 units. The market fell 8.4% compared with the previous year due to the international economic sanctions imposed on Iran. However, with a large population of over 76 million and a very hot climate in summer, the market has future potential. Easing or elimination of the economic sanctions is key to future growth. Iran is im...
1.9.3 Iraq
Last year marked 10 years since the eruption of the Iraq War, and the country’s economy is recovering despite severe instability in the political and security situation. The reconstruction of the country as a whole is progressing slowly. Except the mountainous areas in the northeast, most parts of Iraq have a tropical desert climate with hot summer weather for most of the year. Boasting a p...
1.9.2 UAE
The economy of the UAE has maintained positive growth in recent years, with GDP around 4.5-5%. The global economic recovery has sustained high oil prices, which has given a boost to the oil-dependent economy. The country experiences a tropical desert climate with little rain and high temperatures year round. The UAE has a high percentage of foreign resident workers, and income disparity in ...
1.9.1 Saudi Arabia
Saudi Arabia is the biggest HVAC market in the Middle Eastern region and holds large potential. Supported by its oil reserves, the Saudi Arabian economy recorded GDP growth of 6.8% in 2013. Air...
1.9 Middle East
The Middle Eastern climate makes air conditioners a necessity, and the region’s air conditioner market holds great future promise. Even with political instability in several countries in the region in 2013, sales performance was still satisfactory. Middle Eastern air conditioner market scale reached over 5.2 million units in 2013 to record year-onyear growth of 15.5%. The market differs gre...
Pakistan confiscates illegal HCFCs
28/05/2014 The Pakistan government ordered the confiscation of illegally imported HCFCs and denied import quotas to seven companies this year. Pakistan newspaper Dawn reported that a senior official of the Climate Change Division had confirmed that “seven authorised importers were placed under a moratorium and not given any quota for 2014” due to their inability to provide documentary proof...
Empower inks deal with TECOM Investments
May 14, 2014 Will provide 120,000 RT District Cooling services to d3 project Empower is set to provide 120,000 Refrigeration Tonnes (RT) District Cooling services for TECOM Investments’ Dubai Design District (d3) project. Announcing this in an official communique, Empower revealed that the total value of the project is estimated at AED 750 million, and will be financed through Empower’s revenues. ...
Business leader calls on governments to phase-out HFC refrig
Abu Dhabi, May 2014 Transformational change to curb climate change needs both the global business community to make commitments, but also legislation to set clear targets, said Paul Polman, CEO of Unilever, in his keynote speech at the ?Abu Dhabi Ascent“. As an example, Polman explained that Refrigerants, Naturally! member companies have bought over 3 million HFC-free refrigeration units us...
Al-Futtaim Engineering and Johnson Controls sign agreement
Building efficiency product distribution pact to improve building management and security March 6, 2014 Al-Futtaim Engineering and Johnson Controls have signed an agreement to distribute Johnso...
Airedale International launches gateway to the Middle East
3 - March - 2014 Airedale International has now officially established its gateway to the Middle East following a launch event at its Dubai Airport Freezone office on 19 February. The event, which fo...
