Blue Star signs Saudi AC deal
INDIA: Blue Star, India’s leading air conditioning and commercial refrigeration company, has signed a product distribution deal in Saudi Arabia.
The deal with Sands International and its local partner Saudi Retail Company (SRC) covers a wide range of residential and commercial room air conditioners (split and window) and the launch of bottle water dispensers, storage water coolers and water tank chillers.
The present room air conditioner market in Saudi Arabia is estimated at 3.3 million units, with an annual growth of 12% per annum. Saudi Arabia, with its largest market share in the GCC region, is seen by Blue Star as a promising market for its HVAC&R products.
“We are well equipped to deal with the rising demand for AC&R products in the Saudi market and are confident that Sands International’s well-entrenched distribution network of retailers and dealers will help us ensure an extensive reach for our Unitary Products range,” said Blue Star International CEO Dawood Bin Ozair.
Blue Star’s International Business Division is headquartered in Dubai, and is present in 20 countries across the Middle East, Africa, SAARC and ASEAN regions. Blue Star’s International Projects Business Group operates through joint ventures in Qatar, Malaysia and Oman which focus on HVAC&R as well as MEP projects for residential, commercial and industrial segments.