HomeBusinessDistrict cooling event discusses opportunities worth Dhs55 billion

District cooling event discusses opportunities worth Dhs55 billion

Attendees at the Mena District Cooling Projects Conference 2022.

Sajjad Ahmad, Deputy Business Editor

The two-day Mena District Cooling Projects Conference that started on June 14, 2022 discusses project opportunities worth $15 billion (Dhs55 billion), or 10 per cent of the $150 billion global district cooling market.

More than 250 delegates including senior government officials, project owners, developers, utility suppliers, industry experts and key stakeholders participated at day one of the highly anticipated Mena District Cooling Projects Conference that started on Tuesday at a hotel in Dubai, UAE.

The conference takes place at a time when the district cooling sector is expanding at a fast pace in the UAE, GCC and the rest of the Middle East and North Africa.

UAE’s district cooling market is the largest in the Middle East and is growing at a faster pace propelled by climate conditions and increased infrastructure spending. Many businesses in the region are adopting district cooling systems due to cost-efficiency and long-term service.

At the Mena District Cooling Projects Conference, more than 25 international and regional experts are gathering to discuss the current market outlook, opportunities and challenges in the region’s district cooling industry – that is becoming more popular due to its energy efficiency.

More than 20 leading organisations from 10 countries are showcasing their products and services at the conference through an exhibition.

The event is being attended by officials of civic bodies such as municipalities, utility providers, utility operators, contractors, sub-contractors, materials suppliers, consultants, engineers, regulatory bodies and developers, etc. Participants at the conference are provided with enormous networking and business opportunities, many have secured businesses around the latest projects that are currently in early stage of execution.

The speakers for the event comprised high-profile industry leaders including Leila Noubough Nasr, District Cooling Regulation Senior Specialist, Department of Energy, James Grinnell, Head of Water, Regulatory and Supervisory Bureau for Electricity and Water of Dubai (RSB), Suliman Al-Khliwi, Managing Director, Saudi Tabreed Abobaker Al Hadrami, General Manager (LCCSO)/ O&M Director, Marafeq Qatar, Ezzeddine Jradi, Chief Transformation and Business Excellence Officer, Emicool, Fares Ahmad, General Manager, Emaar District Cooling and many other industry leaders.

With the net zero emission target announced by the international community by 2050, most countries in the Middle East are now racing to install new district cooling plants to reduce their carbon emissions. Following the footsteps of the UAE, Saudi Arabia, Bahrain, Qatar, Oman, Kuwait, Egypt and other countries are initiating a large number of district cooling projects across the region – that will keep the contractors and subcontractors busy for the next 15-20 years, experts said.

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