Saudi Arabia set for record growth in HVAC sector for five years
Key facts include:
Saudi Arabia is the world’s third largest market for Indoor climate and refrigeration.
Saudi Arabia’s GDP stood at around USD 790.91 billion in 2015 and the country is one of the largest economies in the Middle East and North Africa (MENA) region.
Thermal insulation in buildings in Saudi Arabia has been made mandatory in 23 cities and towns.
By 2021, the country’s population is estimated to reach 37 million. With 7.1 million households, by 2021, the number of air conditioning units installed in the country is forecasted to reach 3 million.
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