power and energy

  With the launch of several massive infrastructure development projects, the demand for heating, ventilation, and air conditioning (HVAC) systems is predicted to surge in Saudi Arabia in the coming years. In recent years, the spending in the country’s infrastructure sector has increased massively and this has fueled extensive construction activities in the country. Moreover, there are many ongoing projects of metro railway and various other commercial infrastructure development. Additionally, the country aims to complete the first phase of the NEOM megacity project, which is worth $500 billion, by 2025. Apart from the aforementioned factor, the booming tourism industry is also driving the sales of HVAC systems in Saudi Arabia. Owing to its religious significance, Saudi Arabia welcomes a large number of tourists every year. Thus, in order to cater to the requirements of the tourists, many international hotel chains are bolstering their presence in the country, which is supporting t...