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Stories tagged with: HVAC sector in Saudi Arabia

Is the Kingdom going through a rough patch?

With Saudi Arabia declaring a record USD 98 billion budget deficit for 2015 and preparing to lift subsidies from petrol, electricity, water, diesel and kerosene, it is now no secret that the Kingdom is facing severe headwinds due to the drop in oil prices. Against this backdrop, Rajiv Pillai explores the HVAC opportunities that exist in the ‘new normal’ and how the sector is bracing itself to weather the storm.

Added: Feb 15, 2016 | By Rajiv Pillai