Zelensky's response muted after Biden OKs long-range missile use    Inside a scam looting millions from Indians 'You are under digital arrest'    Hezbollah media chief killed in Israeli strike in Beirut    Slovakians rally against populism on anniversary of fall of Communist system    Huge draw at Riyadh Season with 6 million visitors in 5 weeks    Trump taps fossil fuel executive Chris Wright as energy secretary    Commercial registrations of Saudi companies post 68% growth in 20 months    Foreign Minister leads Saudi delegation at G20 summit in Brazil    Macron hosts Saudi business leaders to strengthen investments    King Salman to host 1,000 Umrah pilgrims from 66 countries    Alfanar Projects signs SR20 billion strategic contracts to drive energy sector transformation in Saudi Arabia    Anthony Hopkins to debut exclusive musical performance at Riyadh Season    Saudi national football team begins training in Jakarta ahead of Indonesia match    Saudi Arabia awarded hosting rights for the 6th UN World Data Forum 2026    Jake Paul defeats Mike Tyson in lackluster showdown at Dallas Cowboys' home    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UAE district cooling firms to expand 18% in five years
Published in The Saudi Gazette on 10 - 01 - 2016

The UAE district cooling companies, which include top names such as Emirates District Cooling (Emicool), Empower and Tabreed among others, are expected to play pivotal roles in the growth of the industry across Middle East and Africa (MEA) region and projected to grow by over 18 percent in the next five years, said experts.
Moreover, the MEA district cooling companies are expected to dominate over 40 percent of the overall demand globally by 2019, which is expected to reach $29 billion in value terms in the next four years, they said citing a research.
With the ongoing construction boom in the UAE and across the region, it is not only good news for companies in the sector, but also for the district cooling industry with each vying for more market share, if the performance and expansion plans – both capacity and geographical footprint – of the leading players in the segment are any indication, they stated.
The UAE district cooling sector, which pioneered the concept of hassle-free, eco-friendly, maintenance-free and energy-efficient solutions with its electric-powered and solar interface cooling services, is set to take its pride of place on a regional and global scale amidst rapid construction and surging demand for power and cooling.
New projects are witnessing a steady shift from traditional air-conditioning to comprehensive district cooling that help save energy, and cut down on maintenance and environmental damages.
The expert said the district cooling comes with manifold advantages and is highly sustainable as it uses 40 to 50 percent less energy than traditional air-conditioning systems, which can account for 70 percent of a building's electricity bill.
Producing one ton of refrigeration using conventional air conditioning takes 1.8 kw of electrical power, while district cooling can consume as little as 0.85 kw per ton.
According to experts, one of the leading players, Emicool - a joint venture between Dubai Investments and Union Properties - is set to boost its market share from the current 12 to 20 percent amidst this surging demand.
In line with the projected growth, Emicool is targeting expansion of its plant capacity in Dubai Investments Park (DIP), an integrated residential, commercial and industrial community in the Middle East and wholly-owned by Dubai Investments, to 250,000 tonnes of refrigeration (TR) in the coming years from the existing 115,000 TR.
This is part of the Emicool's overall growth plans which will see it increase its capacity to 500,000 TR by 2020 as DIP plans to build over 1,150 residential units in the near future.
The company has also unveiled plans to expand its geographical presence to Saudi Arabia and Qatar in the coming years.
Adib Moubadder, CEO of Emicool, said: "Regionally, there is a huge commitment to the cause of sustainability, and no wonder district cooling industry has a profound role to play in eco-friendly infrastructure of districts, cities and countries."
"The benefits of district cooling are evident and master planners are increasingly incorporating district cooling systems in future projects. As a company, Emicool is eyeing strong growth as residential projects and demand picks up in the region," he noted.
Moubadder said recently, the company has managed to change concept design of many projects by convincing master developers for low-rise buildings and villas that district cooling is now the most viable solution.
Emicool currently offers district cooling in DIP as well as Dubai Motor City, Dubai Sports City, Uptown Mirdiff and Palazzo Versace & D1 Tower at Al Jaddaf.
The company had witnessed a 21 percent increase in overall consumption last year compared to 2014 consumption, he added.
In DIP alone, the Emicool district cooling plant has helped to save electricity by 312.95 million kWh per annum (34 percent less than conventional air-conditioners), which is the equivalent of reducing 159,028 tonnes of CO2 yearly – thus reinforcing its key role in reducing the overall carbon footprint.
"It is a known fact that developers and the governments alike appreciate district cooling as it drastically reduces building maintenance costs and electricity consumption," said Moubadder.
"Emicool's centralized systems, and its partnership with world-class metering technology such as Aquametro, has proven to be far more economical and sustainable than conventional air conditioning. District cooling is here to stay as the demand heats up – locally, regionally and globally," he added. — SG


Clic here to read the story from its source.