Shikha Sinha, Decentralized Energy
Summary
The size of the Middle East district cooling market will exceed $12bn by 2024, a new study has predicted.
In its latest report, US-based analysis firm Global Market Insights said increasing investments toward infrastructure development across the GCC countries, coupled with growing demand for reliable and cost-efficient cooling systems, will drive the size of the district cooling market.
In addition, rapid urbanization along with ongoing construction developments across government projects in prominent cities in Saudi Arabia, including Mecca and Riyadh, will stimulate product penetration.
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