Within the plans of the Supreme Committee for the Development of Capital Markets and Exchanges in the Emirate

Maktoum bin Mohammed announces the listing of Empower on the Dubai Financial Market

  • Empower acquired the district cooling plants of Dubai Airport, with a value of 1.1 billion dirhams.

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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced the inclusion of the Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services in the world, on the Dubai Financial Market, as part of the plans of the Supreme Committee. To develop the financial markets and stock exchanges in Dubai, aiming to double the value of the financial markets in the emirate to three trillion dirhams during the next phase;

In implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at developing the financial and stock markets in the emirate.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said: "(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 important support... The Corporation's achievements and results during the past stage are a clear and strong indication of the rates it has achieved. High growth.

real estate sector

The Emirates Corporation for Central Cooling Systems "Empower" was established in 2003 with the aim of enabling the real estate sector to use energy resources efficiently through district cooling services.

Empower has been able to achieve successive successes within a record time, and has 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.

Empower currently provides its services to world-class projects such as Business Bay, Jumeirah Beach Residence, Dubai Healthcare City, Palm Jumeirah, Jumeirah Lakes Towers, Dubai Production City, Discovery Gardens, and Dubai Design District.

With 84 power plants and a network extending more than 350 km, Empower works on more than 1,640 million refrigeration tons and serves more than 140,000 consumers, including companies and individuals.

big steps

Empower has signed an agreement to acquire the district cooling plants of Dubai International Airport, with a total cooling capacity of 110,000 refrigeration tons and a total value of AED 1.1 billion, which qualifies the corporation to achieve high growth rates during the coming period.

It is noteworthy that the strategy of the Supreme Committee for the Development of Capital Markets and Exchanges in Dubai included the formation of a special committee to supervise the market and specialized courts for capital markets in Dubai and the launch of a market maker fund, to enhance trading in the stock market, in addition to announcing a group of strong listings that contributed to the registration of the market for significant growth rates.

Maktoum bin Mohammed:

• «The listing of (Empower) in the Dubai Financial Market is a qualitative addition and an important support for the market».

• "The Corporation's achievements and results are a clear and strong indication of its high growth rates."

• "Empower" has developed its capabilities from one temporary facility in the Dubai International Financial Center to 65 facilities.

• «The Corporation» acquires the equivalent of 79% of the market share in Dubai.


• Empower works on 1.640 million refrigeration tons through 84 power plants.

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