Saudi Arabia Refrigeration Exhibition

English name: Saudi Aircon 2020

Exhibition time: October 5, 2020 ~ October 8, 2020

Exhibition country: Saudi Arabia

Venue: Riyadh International Exhibition Center, Saudi Arabia

Exhibition industry: HVAC and refrigeration

Exhibition Advantages of Saudi Refrigeration Exhibition
Introduction to the exhibition
As the leading model of Middle East exhibitions, the benefits and influence of Big 5 and ADIPEC, the top exhibitions in the Middle East, have been recognized by exhibitors and audiences from all over the world. DMG, the organizing Committee, launched HVAC R EXPO SAUDI exhibition with heavy weight, and will call on buyers and suppliers from all over the world to gather in Saudi Arabia as before-creating greater glory in this field of Saudi Arabia!
The 2020 Saudi Refrigeration Exhibition will bring together well-known and popular air-conditioning distributors, suppliers, manufacturers, industry people, agents and engineers from Saudi Arabia and the world, which will constitute the largest and most promising exhibition in the Middle East. All decision-makers in the industry will attend. In Jeddah, air-conditioning temperature control equipment is the most important market system in Saudi Arabia, which is especially valued by government departments. In order to better develop this market, the government has simplified relevant policies on its products and invited a large number of foreign investment and purchases.
Saudi Refrigeration Exhibition is based on the demand of Saudi air-conditioning and refrigeration market segmentation, and is committed to covering air-conditioning and refrigeration sectors by region.
At that time, it will attract the participation of the largest buyers and market leaders in the market and bring business opportunities for decision-making. On site, you will have professional negotiations with the following professional buyers-investor engineers, construction engineers, local and international buyers, developers, consultants, project managers, operation and maintenance managers, factory managers, businessmen and distributors diplomats, senior government officials, special buyers, financiers, manufacturers, distributors, traders, retailers, agents, large-scale project developers and contractors Market background
-Saudi Arabia is one of the largest markets for air conditioning, ventilation, heating and refrigeration in the world. With the development of super-large projects with hundreds of millions of dollars, there is an unprecedented strong market demand for products, services and technologies related to refrigeration and HVAC in Saudi Arabia. At present, the planned or ongoing projects in Riyadh, Saudi Arabia are worth 732 billion dollars, and it is estimated that the local economic investment will reach 294 billion dollars by 2018. At present,  The market demand of refrigeration and HVAC system in the whole Gulf region reaches 6.3 billion US dollars. As the third largest HVAC system demand market in the world, Saudi Arabia accounts for 51% of the whole Gulf region. It is estimated that the HVAC market demand in Saudi Arabia will increase by 480 million US dollars in 2015.
-TechSci Management Consulting Company predicted that the HVAC market in Saudi Arabia will maintain an annual growth rate of 10% by 2018.
-In 2013, the HVAC market in GCC Gulf countries was worth 3 billion US dollars, more than 1/2 of which came from the residential market, and the rest came from commercial air conditioners. Stimulated by large-scale government spending on large-scale projects, affordable housing and education development plans, it will continue to grow rapidly.
-The population of Saudi Arabia in the Gulf region is expected to reach 37 million by 2020.
-Since 2012, the Saudi economy supported by its oil industry has seen a sustained GDP growth of 6.8%.
-At present, the projects under construction in Saudi Arabia are estimated to total US$ 420 billion. A large amount of funds will flood into the local market of Saudi building materials. The total housing stock is estimated to reach 7 million by 2020.
-Riyadh Development Bureau has approved a plan of 278 billion riyals, including major new housing projects and transportation development.
-The building materials market in Saudi Arabia is an important part of its economy. The investment that will benefit from large-scale public financial support is expected to exceed US$ 294 billion by 2018, and it is expected to invest in 63% infrastructure, 22% residential and 15% non-residential buildings.
-It is estimated that this will directly lead to the growth of HVAC market to $1.4 billion in 2015.
-With the demand of HVAC system mainly caused by construction, the strong market demand in the whole Gulf Cooperation Council and the ongoing project construction department is the potential star index of HVAC system in this region.
-In the next three years, the residential market in Riyadh, Saudi Arabia is expected to build 1.5 million new houses
-Saudi Arabia's fiscal expenditure in 2015 was US$ 219 billion, and its total budget increased by 19% compared with that in 2014. It is estimated that the direct economic return brought by this fund will reach US$ 221.1 billion. This budget mainly focuses on the fields of education, medical care, infrastructure, water treatment equipment, e-commerce and scientific basic research, with more than US$ 50 billion focusing on the development of social welfare and infrastructure projects.
Energy-saving air conditioning will become the mainstream trend
Saudi media reported that from September 7, 2013, Saudi Arabia will ban the import of air conditioners with high energy consumption.
The ban issued by the Saudi Ministry of Industry and Commerce recently aims to alleviate the power shortage caused by the increasing power consumption of air conditioners year by year. It is known that Saudi Arabia has a tropical desert climate with high temperatures all year round, especially in summer when the highest daily temperature is above 50 degrees Celsius, and air conditioners are widely used frequently.
According to a survey, the electricity consumption of air conditioners in Saudi Arabia accounts for 65% of household appliances and office electricity. If energy-saving air conditioners are adopted, at least 25% of the electricity consumption can be saved. The air conditioners of Gree, Midea, Haier and Hisense in China are sold in Saudi Arabia, and occupy a certain market share.
Saudi Arabia wants to build the world's tallest building. The bin Laden family group is responsible for the construction
Jeddah Economy, a joint venture company of Saudi Kingdom Holding Company operated by Saudi Prince Alwaleed, has signed a US$ 1.23 billion agreement with Bin Laden Group, and plans to build the world's tallest building in Jeddah, Saudi Arabia. The height of the tall building will exceed 1,000 meters, including a hotel, high-end apartments and offices, covering an area of 500,000 square meters. The project plans to invest US$ 20 billion.
Prince Alwaleed said that the funds have been put in place and it is planned to be completed in 63 months. The building will dwarf Burj Khalifa in Dubai, which is only one part of the 5 million square meters "Kingdom City" project, which plans to invest 20 billion US dollars. "Jeddah Economy" has four shareholders, of which bin Laden Group holds 16.63% of the shares, and will be responsible for building the first tallest building mentioned above. Kingdom Holdings holds 33.35% of the shares.  After the 9/11 incident, which was owned by Osama bin Laden's family, the group has distanced itself from Osama bin Laden. Jeddah is the second largest city in Saudi Arabia with 4 million residents.
Jeddah background
Jeddah is located in the middle of the west coast, bordering the east side of the REDSEA. It is the financial and commercial center of Saudi Arabia, the largest container port in Arabia, and the gateway to MECCA. Jeddah's main industries include oil refining, automobile assembly, steel making, cement, sugar making, carpets, pottery and daily necessities, etc. Jeddah International Airport is also one of the largest international airports in the world, with regular flights to all parts of the world every day.
The economy of the Kingdom of Saudi Arabia is the largest in the Middle East, accounting for 50% of the GDP of the Gulf Cooperation Council. It has one fourth of the global oil reserves and is the world's largest crude oil producer and exporter, accounting for one third of OPEC's oil production and 12% of the world's total supply. The oil industry will continue to be the pillar of the economy. In addition, the government is still embarking on a program of economic liberalization and diversification.