The GCC region's heating, ventilation, air conditioning and refrigeration (HVAC R) market is poised for solid growth over the next 10 years with Saudi Arabia alone accounting for over 50 per cent of the total needed investments worth $34 billion, said senior experts ahead of a major industry event in Riyadh.
The kingdom’s largest event dedicated to the air conditioning and refrigeration industry, HVAC R Expo Saudi will return to the Saudi capital for a 5th edition at Riyadh International Convention & Exhibition Centre from February 11 to 13, 2020, said the organisers dmg events.
The event is being supported by GCC Standardization Organization (GSO) and co-located with FM EXPO and Saudi Clean Expo and Stone & Surface Saudi.
The announcement comes at a time when opportunities for HVAC R stakeholders in the Middle East market are growing exponentially.
Buoyed by the Saudi construction boom, major global players in the HVAC R sector will be heading to Riyadh with an eye on the kingdom's lucrative market, said the experts.
The GCC investments in HVAC R systems is estimated to exceed $68 billion in total over the next decade, said the organisers, citing a recent report published by dmg events and Meed Projects.
Event Director Roni El Haddad said: "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, it will be the region's largest, three-day event presenting an unmissable platform for HVAC R industry professionals to network, do business and discover new technologies, he added.
GSO Secretary General Saud Nasser Al Khusaibi said: "Our mission is to unify standardisation 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," he noted.
"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," he added.
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 who have already signed up for the event include Carrier Middle East Equipment, Zamil Air Conditioners, Alessa-Samsung-Crafft, Conex Banninger, and also the first timer GreenAire.
Carrier Middle East Equipment MD Vineet Kashyap said: "We are happy to participate in this annual forum as Saudi Arabia 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," he added.
To encourage the transferring of knowledge at the event, HVAC R Expo will once again feature 30 free-to-attend and CPD (Continuing Professional Development) workshops. Running across two theatres, workshops will be split between the Master Class series and Training Theatre sessions.
The Master Class series will offer a first hand-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, said the organisers.
HVAC R Expo is being sponsored by Carrier (Platinum Sponsor), Zamil Air Conditioning (Gold Sponsor), Alessa-Samsung (Gold Sponsor), Alessa-Samsug (Workshop Sponsor) and Alessa-Crafft (Official show catalogue Sponsor).-TradeArabia News Service
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