DUBAI, 29 October 2006 — Reinforcing its position as a leading provider of airconditioning and refrigeration solutions, Carrier Corp., a unit of United Technologies Corp., yesterday announced at the Big 5 Show, the launch of a new series of next generation products and enhanced transfer of technologies.
Carrier’s value of its prestigious projects in the Middle East has totaled $800 million in the last three years. Some of the projects are Dubai Media City, Internet City, 11 towers on Business Bay, Dubai Flower Center, Fairmont, Dusit Dubai and Wafi City.
The new products, to be launched during the Big 5 Show in Dubai, will introduce the region to Carrier’s patented and innovative technologies that cut energy costs significantly and are also beneficial to the environment. Carrier was among the first to introduce airconditioning and refrigeration in the region.
The Middle East operations account for a significant share of Carrier Corp.’s global revenues which were $12.5 billion in 2005. The growing scale of its operations reflects Carrier’s commitment to the Middle East, which is among the most challenging regions for air conditioning and refrigeration in the world.
Elaborating on Carrier’s plans, Aftab Khan, managing director, Building Systems & Services, said, “The Middle East has remained an important region of focus for Carrier. The economic boom sweeping most Middle East countries, coupled with a 25 percent growth in construction, has created huge demand for heating, ventilation, air conditioning and refrigeration (HVAC/R) across all segments, and Carrier is well positioned to cater to this growth. One of the big areas of opportunity for Carrier is cold chain refrigeration, as it is a world leader in these systems.”
“Also, Carrier is consolidating operations through a flurry of new initiatives. Carrier is in the process of launching pioneering technologies and products that will change the norms of cooling in the region. These high-performance products will focus on enhancing indoor air quality, energy savings and environmental benefits, hitherto absent in the region,” Khan added.
