Johnson Controls International Arabia launches its largest manufacturing facility at KAEC  

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JCI chairman and CEO George Oliver, JCIA CEO Mohanad Al-Shaikh and other officials cut the ribbon at the inauguration of the YORK Manufacturing complex at KAEC. (Supplied)
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George Oliver and delegates from JCI during a tour in the Oben Blue Center at KAEC. (Supplied)
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Updated 20 November 2022
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Johnson Controls International Arabia launches its largest manufacturing facility at KAEC  

  • At 200 sq. km, this YORK factory is also the largest in Africa, South Asia, Latin America and Europe
  • JCIA was the first to provide energy services to private sector companies

JEDDAH: Johnson Controls International Arabia inaugurated its novel and largest YORK Manufacturing Complex in the Kingdom and the Middle East on Nov. 6 at King Abdullah Economic City.  

At 200 sq. km, this YORK factory is also the largest in Africa, South Asia, Latin America and Europe. In addition, it is the company’s only factory equipped with its Open Blue research and development center and four testing facilities, all under one roof.  

Mohanad Al-Shaikh, CEO of JCIA, said, “This retrofit project is the largest in recent history worldwide and one of the largest ever made. So truly, it’s a historic milestone for us, not only the integration but also the signing of this important strategic project for Saudi and the world.”  

The earliest records of Johnson Controls International go back over 100 years, starting in Cairo and in Saudi Arabia. The company installed YORK air-conditioning systems for the first time at Kandara Palace Hotel in Jeddah in 1955.  

Delegates from JCI, led by Chairman and CEO George Oliver, attended the inauguration of the complex.  

Oliver said, “Today, we’re looking forward to the future with the inauguration of the new YORK factory and the opening of our latest Open Blue innovation centers. Recognizing that we only have a few of these centers globally, it’s special to have one within this facility.”  

The newly opened factory will address residential, commercial and industrial segments for Saudi Arabia, the Gulf Cooperation Council and 20 other countries in the Middle East, Asia and Africa.  

In an exclusive interview, Oliver told Arab News, “All of the products you see manufactured here are going to contribute to decarbonizing buildings; it sets the stage for the transformation Saudi Arabia is going through.”  

As part of the company’s development strategy, the net-zero innovation center provides R&D capabilities. In addition, it provides a comprehensive view of how to upgrade buildings and make them smarter using artificial intelligence.  

“The Open Blue technology helps decarbonize buildings, representing about 40 percent of the global carbon,” Oliver said.  

He added: “The R&D center will be our next generation of innovation that will lead the buildings and infrastructure development as part of this transformation that’s happened within Saudi Arabia.”  

Another milestone for this inauguration is the technology transfer of YORK’s YVAA chiller. Saudi Arabia will only be the third country after the US and China to make this great chiller with huge market potential.  

“Producing the YVAA chiller here in Saudi will provide us with the key advantages in terms of cost, delivery time and growth in market share,” Oliver said.  

He added: “I think over the next decade, there’ll be $7 trillion toward the whole transformation of Saudi Arabia, and I think not only to continue to drive sustainability, renewable energy but also making sure that we are diversifying the industrial base.”  

Located near King Abdullah Port, the YORK manufacturing complex will improve Saudi heating, ventilation and air conditioning exports.  

“YORK Manufacturing Complex caters to 70 percent of our domestic company HVAC sales in line with the ‘Saudi Made’ project objectives. We export 30 percent of our production to 25 countries spanning the Middle East, Africa, South Asia and beyond. At JCIA, we are keen on uplifting the local industry to meet regional and global advanced industrial standards, while providing leading technological solutions at the right cost and job opportunities for Saudi talents with local and international visionary goals,” Al-Shaikh said  

JCIA is the first company in the Kingdom to provide energy services to private sector companies, complementing its track record of providing these services to public sector projects.  

This service ensures that energy consumption costs are reduced by replacing existing solutions in private sector facilities with more modern and advanced solutions produced in the YORK industrial complex.  


Closing Bell: Saudi main index rises to close at 10,912 

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Closing Bell: Saudi main index rises to close at 10,912 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 93.86 points, or 0.87 percent, to close at 10,912.18. 

The total trading turnover of the benchmark index stood at SR3.03 billion ($809 million), with 230 stocks advancing and 29 declining.  

The Kingdom’s parallel market Nomu also gained 29.13 points, or 0.12 percent, to close at 23,442.91, as 43 stocks advanced and 25 retreated. 

The MSCI Tadawul Index added 9.48 points, or 0.65 percent, to end the session at 1,466.52.  

Arabian Shield Cooperative Insurance Co. was the best-performing stock of the day, with its share price surging 8.55 percent to SR11.94. 

Other top performers included CHUBB Arabia Cooperative Insurance Co., which rose 6.33 percent to SR23.50, and BAAN Holding Group Co., whose shares climbed 6.06 percent to SR2.10.  

United International Holding Co. recorded the steepest decline, falling 2.34 percent to SR146.20. 

SEDCO Capital REIT Fund also saw its share price drop 2.17 percent to SR6.77, while Saudi Manpower Solutions Co. declined 1.58 percent to SR5.60.  

On the corporate front, Saudi Electricity Co. announced the completion of a US dollar-denominated senior unsecured sukuk issuance under its international sukuk program, offered to eligible investors in Saudi Arabia and globally. 

According to a Tadawul statement, the company completed the issuance of a three-tranche sukuk with maturities of three, six and 10 years, raising an aggregate $2.4 billion. The sukuk will be listed on the London Stock Exchange’s International Securities Market.  

Saudi Electricity Co. closed the session at SR14.09, down 0.57 percent. 

Najran Cement Co. said it has secured a mid-term, Shariah-compliant loan of SR50 million from Saudi National Bank to support subsidiary expansion. A bourse filing said the financing will be repaid over five years in semi-annual instalments, with a six-month grace period. 

Najran Cement Co. ended the session at SR6.59, up 0.92 percent. 

Almarai Co. announced its consolidated financial results for the year ended Dec. 31, 2025, reporting a net profit of SR2.45 billion, up 6.2 percent year on year. 

According to a Tadawul statement, the increase was driven by higher revenue growth, disciplined cost control, an improved revenue mix and lower funding costs. 

Almarai Co. closed at SR43.60, up 0.97 percent.