JEDDAH — YORK, a leading provider of integrated solutions that include HVAC equipment, fire and security systems, building management systems and controls, signed an MoU with Almajdiah Residence, a leading real estate developer in Saudi Arabia.

The signing took place at YORK’s manufacturing complex in King Abdullah Economic City in Jeddah, by Dr. Mohanad Alshaikh CEO of YORK, and Mr. Abdulsalam Almajed CEO of Almajdiah Residence, in presence of both companies’ executives.

As per the agreement, YORK will supply Almajdiah's luxury residential projects with Variable Refrigerant Flow (VRF) System, YORK's latest Saudi-made products. The system is characterized by a single outdoor unit that can be connected to several and different types of indoor units, taking into account the aesthetic aspect of buildings with the ability to control each room separately. YORK products are carbon-free, energy efficient and of high manufacturing quality.

This partnership was shaped in line with the pivotal goals of the Kingdom’s Vision 2030 to strengthen national partnerships, support the private sector, and develop economic alliances; to enhance the well-being and quality-of-life of citizens and residents.

Abdulsalam Almajed, CEO of Al-Majdiah Residence, emphasized by saying: “In light of the continuous government support to national companies to expand and grow; we at Al-Majdiah Residence are keen on the availability of the finest capabilities to provide innovative solutions and modern housing units, with the best international standards. With this approach, we are pleased to enter into this new strategic partnership today with YORK, to enhance the quality of our solutions, by taking advantage of YORK’s global position in the HVAC industry and all its capabilities, to contribute together to enriching customers’ choices and experiences, and uplifting the Kingdom’s real estate development sector.”

Dr. Mohanad Alshaikh, CEO of YORK, added: “It is our pleasure to be part of this strategic partnership, as our integrated solutions are distinguished by their significant added value to various real estate projects, which is in line with our vision and efforts to enhance user experiences, by promoting and driving sustainable livings and smart buildings. We look forward to achieving a fruitful and long-term cooperation with our strategic partner Al-Majdiyah Residence, one of the leading real estate developers in the Kingdom, to mutually contribute to the fulfillment of the country’s visions and development plans.” — SG