UAE Industrial Sector & The Rising Demand for Refrigerants
The countries in the Middle East region lag behind in agricultural operations, resulting in a greater reliance on imported food and beverage products. This creates demand for industrial refrigerants in the Middle East region across all countries to preserve perishable edible items. Due to lower oil prices in the UAE, the market for these systems has been shrinking in recent years. However, when crude oil prices rebound, revenues in the UAE industrial refrigeration systems market are expected to rise. The UAE Industrial Refrigeration Market Is Expected to Develop at The Fastest Rate One of the most important manufacturing industries in the UAE is the food and beverage industry. The country's domestic food and beverage consumer market continues to rise, thanks to rising purchasing power and an influx of expats. Furthermore, the hot climatic conditions in the UAE, as well as the year-round influx of tourists in cities like Dubai and Abu Dhabi, had a good impact on the food and bever...