Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced the listing of the Emirates Central Cooling Systems Corporation (Empower), the largest Provider of district cooling services in the world, on the Dubai Financial Market.
The UAE Minister of Finance said that the listing of Empower in the Dubai market is part of the plans of the Supreme Committee for the Development of Capital Markets and Exchanges in Dubai, which aims to double the value of the emirate's financial markets to 3 trillion dirhams. During the next stage.
He added, according to Al Arabiya.net: Empower is the largest provider of district cooling services in the world, and its listing on the Dubai Financial Market is a qualitative addition and an important support for the institution's achievements and results during the stage. The past is a clear and strong indication of its high growth rates.
Empower was established in 2003 with the goal of enabling the real estate sector to use energy resources efficiently through district cooling services. It was able to achieve successive successes in record time, and developed its facilities from one temporary facility in the Dubai International Financial Center to 65 facilities, and it holds the equivalent of 79% of the market share in Dubai.
