Saudi construction boom calls for over USD 34 billion investment in HVAC R systems, says report released by dmg events – the organisers of the event – and MEED Projects
RIYADH, Saudi Arabia, 2 January 2020: HVAC R Expo Saudi will return for a fifth edition, from February 11 to 13 at the Riyadh International Convention & Exhibition Centre, dmg events, the organisers of the show said through a Press release.
The announcement comes as opportunities for HVAC R stakeholders in the Middle East market are reportedly growing exponentially. GCC region investments in HVAC R systems over the next decade is estimated to exceed USD 68 billion in total, according to a recent report published by dmg events and MEED Projects, the release said.
As for the Kingdom itself, Roni El Haddad, Event Director, HVAC R Expo Saudi, said: “On the back of a construction boom in the country, Saudi Arabia alone represents over 50% of the total needed investments for HVAC R solutions in the GCC over the next 10 years, with $34bn worth of systems expected to be installed in that time.
“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, which is supported by the GCC Standardization Organization (GSO), is the region’s largest, three-day event, presenting a platform for HVAC R industry professionals to network, do business and discover new technologies, the release said.
H.E. Saud Nasser Al Khusaibi, Secretary General, GSO, said: “The mission of GCC Standardization Organization (GSO) is to unify standardization activities among the GCC member states in order to promote industry and to 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.
“In light of this mission, GSO is participating at HVAC R Expo 2020 to provide the Kingdom’s industry professionals with an overview of the latest technical legislation requirements applying to them and their field, and to encourage growth and development in the HVAC R sector.”
According to the release, products on display at the event will relate to climate control, air quality and ventilation, air conditioning, refrigeration and heating, building automation, and HVAC equipment and services. Industry heavyweights 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, the release said.
Vineet Kashyap, Managing Director, Carrier Middle East Equipment, said: “We are happy to participate in this annual forum, as KSA is a key geography for us, and we are very committed to the segment. We get to meet customers and regulators during the HVAC R Expo and explain our offerings to them, while learning from their experience of what they need.”
According to the release, to encourage the transferring of knowledge at the event, HVAC R Expo will once again feature 30 free-to-attend CPD (Continuing Professional Development) workshops. Running across two theatres, the workshops will be split between the Master Class series and the Training Theatre sessions, the release said.
The Master Class series will offer a firsthand look at new solutions and innovations in the HVAC industry, delivered by manufacturers themselves, whereas the Training Theatre sessions will delve into the latest trends and approaches in the worldwide market, presented by consultants and regulators in the field.
According to the release, the event is sponsored by Carrier (Platinum Sponsor), Zamil Air Conditioning (Gold Sponsor), Alessa-Samsung (Gold Sponsor), Alessa-Samsung (Workshop Sponsor) and Alessa-Crafft (Official Show Catalogue Sponsor). The event is co-located with FM EXPO, Saudi Clean Expo and Stone & Surface Saudi.
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