Zamil Air Conditioners, the leading Middle East manufacturer of air conditioning systems and services and a sector business of Zamil Industrial, has been awarded multiple contracts to provide custom climate control systems for King Abdullah University of Science and Technology (KAUST), located on the eastern shore of the Red Sea at Thuwal, Saudi Arabia.
The scope of the SAR 80 million (USD 21.4 million) agreements calls for Zamil Air Conditioners to supply a large number of concealed fan coil units, air-cooled condensing units, single skin air handling units, ducted split systems, approximately 3000 sets of water chilled fan coil units, and 21 sets of custom built TW Series double skin air handling systems.
Units of the TW Series measure 17.6 meters in length and 5.6 meters high, and feature top quality galvanized steel GI outer skins and specially designed aluminum inner skins with a thick bottom panel. The units also feature special dampers, coils, fans, energy wheels, sound attenuators and filters, and a control system capable of monitoring and controlling temperature, enthalpy, airflow, humidity, pressure and CO2 levels. The total cooling capacity for the project is more than 16,500 tons.
“KAUST is truly a landmark undertaking for Zamil Air Conditioners. Competition for the contracts included the world’s best providers of air conditioning systems. Zamil Air Conditioners emerged as the winner due to our unique ability to satisfy the most stringent climate control specifications and timeline requirements,” said Ahmed Zaatari, General Manager of Zamil Air Conditioners.
The KAUST campus is located on the Red Sea at Thuwal, 80 kilometers north of Jeddah. Due to be completed in September 2009, the complete academic and residential compound will feature regional architectural design blended with modern amenities and style, linking historical educational tradition to today’s vital disciplines of high tech science and engineering. The University will offer world-class interdisciplinary graduate research programs in Resources, Energy and Environment, Biosciences and Bioengineering, Material Science and Engineering and Applied Mathematics and Computational Science.
Osama Bunyan, Executive Vice President of Zamil Air Conditioners, commented, “We are pleased to become an integral partner in the mission to establish KAUST as a world class educational research institution. We will bring all of our corporate resources to bear as we participate in the realization of the vision of King Abdullah, to provide an environment that will facilitate the work of researchers and scientists from around the globe using advanced scientific and technological capabilities to the benefit of all mankind.”
About Zamil Air Conditioners (www.zamilac.com)
Zamil Air Conditioners (ZAC) was founded in 1974 as one of the first air conditioning business to be established in Saudi Arabia and today is a leading international manufacturer of air conditioning systems and is Number 1 in the Middle East. It designs, manufactures, tests, markets and services a comprehensive range of air conditioning products, from compact room air conditioners and mini splits to large scale central air conditioners, chillers and air handling units for highly specialized commercial and industrial applications. These products and services are marketed under various brand names – Classic, Cooline, Cool Care, Clima Tech and Geoclima – depending on specific markets. ZAC’s factories are located in Dammam, Saudi Arabia and Italy.
Zamil Air Conditioners is also involved in the production of branded air conditioners for several leading international manufacturers under Original Equipment Manufacturer (OEM) agreements. It operates a joint venture between Zamil Industrial and General Electric, called Middle East Air Conditioners Ltd. (MEAC).
Zamil Air Conditioners has been vigorously moving into newer markets, seeking strategic alliances and investing heavily in R&D.
Zamil Air Conditioners is one of the four sector businesses of Zamil Industrial.
About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 8,800 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiberglass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com), Zamil Glass Industries (www.zamilglass.com) and Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa).
For the year ended 31 December 2007, Zamil Industrial posted turnover of SAR 3.681 billion/USD 982 million, a growth of 28.4% over 2006, with net profit, after Zakat contribution, of SAR 206.5 million/USD 55.1 million. Post Zakat Earnings Per Share during 2007 grew to SAR 4.59/USD 1.22 from SAR 4.26/USD 1.14 representing 7.8 percent growth. Shareholders’ equity grew by 20.3% to SAR 894.3 million/USD 238.5 million. Export sales accounted for SAR 1,337 million/USD 356.5 million representing 36% of total revenue and 20.4% growth over 2006. Zamil Industrial exports to more than 80 international markets.
