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The Emicool plant in Dubai Investments Park

The Emicool plant in Dubai Investments Park



Emicool to expand overseas

February 2016

Emicool, a joint venture of Dubai Investments and Union Properties, says it plans to boost its market share in the UAE from the current 12 per cent to 20 per cent and to extend its geographical presence beyond the country.

The company is targeting expansion of its plant capacity in Dubai Investments Park to 250,000 tonnes of refrigeration (TR) in the next few years from the existing 115,000 TR, it said.

“This is part of 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,” said a company statement.

Adib Moubadder, CEO of Emicool, remarked: “In the UAE and 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.

“Recently, we managed to change the concept design of many projects by convincing master developers of low-rise buildings and villas that District Cooling is now the most viable solution.”

Emicool, which currently offers district cooling in DIP as well as Dubai Motor City, Dubai Sports City, Uptown Mirdiff, Palazzo Versace and D1 Tower at Al Jaddaf, has  witnessed a 21 per cent increase in overall consumption in 2015 in comparison with the  2014 consumption.
 




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