Page 110 - SOBHA REALTY PR REPORT NOVEMBER 2023

11/6/23, 2:07 PM UAE district cooling market to grow at a CAGR of 10% from 2023 to 2028

Projects in Dubai, such as the ‘S’ Tower of Sobha Real Estate on Sheikh Zayed Road and the final
phase of Zabeel One, were connected to the Empower network.

The company signed nearly 25 new agreements with building owners in the third quarter, resulting in

an addition of 26,000 RT.

“Empower continues to expand its operations, invest in its asset portfolio, and develop its
infrastructure to meet the growing demand in Dubai’s district cooling market,” Ahmad bin Shafar,
CEO of Empower, said in the press statement.

Empower holds more than 80 percent of Dubai’s district cooling market, the statement declared.

(Writing by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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