Middle East Air Conditioner Manufacturer, Zamil wins USD92.8 Million Contract

Saudi Arabia: One of the leading Air conditioner manufacture in Middle East, Zamil, has got their largest-ever contract for supply of air conditioners to Saudi Arabia. The contract was awarded to the company by Al Fouzan Trading and General Construction Company.

Zamil Air conditioners, a wholly own subsidiary of Zamil Industrial Investment Company, has been providing Heating, Ventilation and Air Conditioning (HVAC) systems and solutions throughout the middle east for the last 40 years.

Zamil Air Conditioners is the first Middle East Company to receive Air-Conditioning, Heating and Refrigeration Institute, US and Eurovent certification for majority of their product. Dar Al Hijrah project, which is spread over an area of 1.6 million square meter, is being developed by Saudi Real Estate Development Company. The supply of water-cooled chillers will be used in Phase one of the Dar Al Hijrah Project.

According to Techsci Research, the order that the company has received will help them to enhance their presence in Saudi Arabia. GCC countries lacks manufacturing facility of the leading players of air conditioners so this project will help Zamil to focus on these countries by increasing production capacity which are operating in Saudi Arabia. Furthermore, Daikin is a leading supplier of centralised air conditioners such as chillers, through this project, Zamil may be able to regain its leading position in the air conditioners market.

According to a recent report published by Techsci Research, “Saudi Arabia Air Conditioners Market By Product Type (Split, Window, VRF, Chillers and Others), Competition Forecast and Opportunities, 2011 – 2021”, air conditioners market size in Saudi Arabia is anticipated to surpass US$ 3 billion by 2021. Central and West regions of Saudi Arabia are the highest demand generators for air conditioners in the country, and their dominance is expected to continue during 2016 - 2021. Segment-wise, split air conditioners dominate the market, as they can be easily installed in multi-storey buildings, occupy less space and are cost-efficient. However, the market for chillers in Saudi Arabia is expected to outpace the rest of the air conditioner segments in the coming years. In 2015, LG Shaker grabbed the largest market share in Saudi Arabia’s air conditioners market, followed by Zamil, Gree, Samsung Electronics and Daikin Air Conditioning Saudi Arabia.