In a significant testament to the UAE's leadership in the district cooling sector, H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation PJSC (Empower), has successfully retained his position as Member Emeritus on the Board of Directors of the International District Energy Association (IDEA) for the seventh consecutive term. IDEA is the world's leading organization in the field of district energy, and Bin Shafar's continued membership underscores his outstanding contributions to the advancement of the district cooling industry both regionally and globally.

Bin Shafar's role is pivotal in sharing best practices from the UAE on international platforms, reinforcing the nation's position as a global hub for sustainable cooling solutions. This achievement marks a continuation of the long-standing partnership and collaboration between Bin Shafar and IDEA, during which the industry has undergone major transformations toward greater efficiency and sustainability.

His leadership has been instrumental in shaping policies, guiding strategic discussions, and fostering collaboration among stakeholders worldwide. Ahmad Bin Shafar expressed his honor in continuing to serve the district cooling sector through this membership, which he considers an added responsibility to enhance the region's role in shaping the future of energy efficiency.

This announcement comes at a crucial time when global demand for efficient, energy-saving cooling solutions is rising amid climate change and global warming. District cooling technologies play a significant role in reducing electricity consumption, lowering carbon emissions, and delivering substantial long-term economic benefits.

The International District Energy Association, headquartered in the United States, includes among its members a distinguished group of companies, institutions, and public and private sector entities from around the world. The association plays a key role in knowledge sharing and promoting the adoption of district cooling and heating systems as part of the transition toward sustainable cities.

Considering the growing importance of sustainable cooling solutions and Empower's strategic positioning in this sector, investors might consider a hold strategy. Empower's continued global engagement and leadership in sustainable cooling solutions provide a stable foundation, although potential investors should remain vigilant about market dynamics and regulatory developments.