Majid Al Futtaim in Dubai is considering selling its district cooling unit.
According to Arabiyanet, the company appointed HSBC to complete the sale, according to sources told Reuters.
It is indicated that the district cooling unit provides chilled water through insulated pipes to cool offices, industrial and residential buildings.
The CEO of Majid Al Futtaim Holding, said in a previous interview with Al Arabiya, that his company's Carrefour stores are witnessing a significant increase in online orders in the UAE, Saudi Arabia and Egypt. .
He added that online ordering increased over the past year by 300%, which affected the company's ability to fulfill orders.
He explained that in light of the suspension of some activities at the company, such as entertainment activities, employees in the entertainment sector have been transferred to the electronic marketing sector.
He explained that the crisis has greatly increased the demand for some products, as the demand for soap witnessed a 1000% increase in the region as a whole.
and indicated that the company does not face any crises with regard to supply chains, stressing that the company is keen to provide goods, especially in the Emirates, most of which are imported, while Egypt and Saudi Arabia are considered From producing countries.
