TSX:6367 29 November 2025 - 16 April 2026

Saudi Arabia’s transformation took two very different but closely linked turns this week. In Jeddah, Japanese HVAC giant Daikin began construction of a new chiller and hydronic heat pump factory designed to serve some of the region’s biggest mega-projects. In the southwestern city of Abha, a Los Angeles Times feature spotlighted how the kingdom’s lush mountain highlands are being remade as a flagship tourism destination — and how locals feel about the change. daikin.com+2healthcaremea.com+2