Riyadh – Mubasher: Saudi investments in heating, ventilation, air conditioning, and refrigeration (HVACR) systems are expected to exceed $34 billion over the next decade, according to a recent report.
Meanwhile, investments in the Gulf Cooperation Council (GCC) region is estimated to top $68 billion during the same period, as noted by a recent report published by MEED and dmg, ahead of the fifth edition of the HVAC R Expo Saudi.
“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 $34 billion worth of systems expected to be installed in that time,” HVAC R Expo Saudi event director, Roni El Haddad, said.
The event will take place at the Riyadh International Convention and Exhibition Centre on 11 – 13 February 2020, and is expected to host over 80 exhibiting brands from around the world.
