Dubai, UAE 26 May 2019:“The mood is optimistic in Saudi Arabia in view of emerging project opportunities, said Emad Alsaheb, General Manager, MB Climate Control LLC, exclusive distributor of SKM in Saudi Arabia. Alsaheb said that ever since new projects became available for bidding in Q1 of 2019, the company is expecting good movement in the market by Q4 of 2019 or, at the very latest, Q1 of 2020. Alsaheb added that currently, the company is involved in a number of commercial, oil & gas and healthcare projects and that there will be a number of opportunities in the pipeline related to NEOM, the Kingdom’s planned USD 500 billion mega-city in the northwestern region of Saudi Arabia.
Alsaheb said strong growth opportunities are driven by demand from construction of entertainment and recreational facilities, health facilities and housing developments. AlSaheb confirmed that there is particularly strong demand for cinemas, pointing out that a number of existing malls are making modifications to integrate cinemas inside their commercial facilities. Additionally, he said, there will be many new malls that will be designed and constructed to accommodate not only cinemas but also other facilities related to a diversifying entertainment sector. AlSaheb said that the Saudi market is also placing greater emphasis on highly energy-efficient equipment, especially following the implementation of SASO Standards, which requires higher energy efficiency rates every year.”
