Saudi construction boom calls for $34bn investment in HVAC R systems

Saudi construction boom calls for $34bn investment in HVAC R systems
HVAC R Expo Saudi is the region’s largest, three-day event for HVAC R industry professionals to network, do business and discover new technologies.
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Updated 25 December 2019

Saudi construction boom calls for $34bn investment in HVAC R systems

Saudi construction boom calls for $34bn investment in HVAC R systems

HVAC R Expo Saudi, Saudi Arabia’s largest event dedicated to the heating, ventilation, air conditioning and refrigeration (HVAC R) industry, will return to for a 5th edition at the Riyadh International Convention & Exhibition Center from Feb. 11 to 13, organizers dmg events said.

The announcement comes as opportunities for HVAC R stakeholders in the Middle East market are growing exponentially. GCC investments in HVAC R systems over the next decade are estimated to exceed $68 billion in total, according to a recent report published by dmg events and MEED Projects.

Event Director for HVAC R Expo Saudi, Roni El-Haddad said: “On the back of a construction boom in the country, Saudi Arabia alone represents over 50 percent of the total needed investments for HVAC R solutions in the GCC over the next 10 years, with $34 billion worth of systems expected to be installed in that time.”

He adds: “As demand increases the market will need to develop in line with government goals such as energy conservation and smart initiatives, making it the perfect time for the local and overseas industry to gather under one roof at HVAC R Expo Saudi.”

Expecting to host over 80 exhibiting brands from around the world, HVAC R Expo Saudi is the region’s largest, three-day event for HVAC R industry professionals to network, do business and discover new technologies.

Saud Nasser Al-Khusaibi, secretary-general of GCC Standardization Organization (GSO), said: “The mission of GSO is to unify standardization activities among the GCC member states in order to promote the industry and boost sustained development of the collective economy in turn. Such activities adhere to the best international practices, and contribute to the protection of the customer, environment and public health.”

Products on display at HVAC R Expo Saudi will relate to climate control, air quality and ventilation, air conditioning, refrigeration and heating, HVAC equipment and services, and building automation. Industry heavyweights that have already signed up to exhibit include the likes of Carrier Middle East Equipment, Zamil Air Conditioners, Alessa-Samsung-Crafft, Conex Banninger, and for the first time GreenAire, to name but a few.