Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has announced a significant partnership with Dubai Multi Commodities Centre (DMCC). This strategic agreement will see Empower supplying the next phase of Uptown Dubai with sustainable district cooling services, boasting a capacity of 24,675 refrigeration tons (RT).

The signing ceremony took place at DMCC's headquarters in Uptown Tower, attended by Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, and H.E. Ahmad Bin Shafar, CEO of Empower. This collaboration is set to enhance Uptown Dubai, a smart district designed as a mixed-use urban destination, featuring eight planned mixed-use towers and a range of retail, dining, and luxury hospitality options.

Empower's commitment to sustainability is evident in its JLT District Cooling project, which includes four plants with a total designed capacity of 152,000 RT. These plants are equipped with advanced smart production and operation systems, ensuring they are ready to meet the demands of new projects, boosting investor confidence in Empower's environmentally friendly services.

H.E. Ahmad Bin Shafar emphasized the partnership's significance, stating, 'We are proud to sign this agreement with DMCC to supply the next phase of Uptown Dubai with environmentally friendly district cooling services. This partnership reflects our commitment to providing innovative and sustainable district cooling solutions that help reduce carbon emissions and support the UAE’s national sustainability goals.'

Given the strategic importance of this partnership and Empower's leading position in the district cooling industry, the outlook for the company's growth remains promising. However, considering the current market conditions and Empower's neutral future outlook, investors might consider holding their position in the company to observe how this partnership unfolds and contributes to Empower’s long-term growth.