Empower, Dubai Maritime City sign agreement to supply district cooling services
DUBAI, 22nd February, 2023 (WAM) – Emirates Central Cooling Systems Corporation PJSC (Empower) and Dubai Maritime City (DMC) have entered into an agreement to provide district cooling services to the DMC project. The cooling capacity of the project is more than 63,000 Refrigeration Tonnes (RT).
The agreement was signed by Ahmad bin Shafar, CEO of Empower, and Sultan bin Sulayem, Group Chairman and CEO of DP World, a leading provider of integrated smart logistics solutions to enable trade flows worldwide.
This agreement is significant as it is the first of its kind following the successful listing of Empower on the Dubai Financial Market. It reflects the business sector's confidence in Empower's role in providing environmentally friendly district cooling services with economic, social, climatic, and environmental gains. The agreement also demonstrates Empower's ability to expand its business and increase the scope of its projects with an advanced and sustainable business model.
Empower plans to invest AED 450 million to provide world-class district cooling services to over 43 buildings in Dubai Maritime City. The services will be provided in two phases through two plants located within the city and operating with innovative and technologically advanced systems. The first phase will supply cooling energy to 27 buildings with a capacity of more than 28,000 RT, and the second phase will supply 16 buildings with 35,000 RT of cooling energy.
Dubai Maritime City, part of DP World, is strategically located between Port Rashid and Dubai Dry Docks. It is one of Dubai's most prominent urban destinations for freehold areas and aims to develop and support maritime trade while improving freight and marine services. The city includes luxury residential properties, 5-star hotels, modern office towers, retail outlets, and various services that improve the lifestyle and work in one place.
Ahmad bin Shafar said, “The Dubai Maritime City project is considered one of the prominent real estate projects in Dubai. It reflects the pioneering role of Dubai in developing sustainable projects and aims to invest in the marine spaces overlooking the coast of the Arabian Gulf in Dubai, including residential, hotel, commercial and other vital facilities that support the tourist and commercial destinations of the emirate. We are pleased to partner with Dubai Maritime City in developing their project and provide it with environmentally friendly and energy=efficient district cooling solutions that save electricity up to 50 percent compared to conventional air conditioning systems.”
He added that the company reflects the positive demand within the real estate sector for investment in environmental sustainability, which mainly contributes to enhancing the company's growth process.
Bin Sulayem said, “We are pleased to cooperate with Empower to supply the Dubai Maritime City project with district cooling systems with sustainable and environmentally friendly specifications. Our relationship with the company helps us translate our commitment to green building standards in Dubai and support the environmental direction and sustainable development goals in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.”
He added, "This agreement aligns with DP World’s sustainability strategy represented in the company’s programme 'Our world, Our future', to join the list of efforts to implement projects and conduct our operations in a responsible manner."