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Mid East district cooling investments could reach US$ 30 billion over ten years

Investments in the Middle East district cooling sector will range from US$ 10 - 30 billion over the next ten years according to an estimate by its leading industry body.

 

The US-headquartered International District Energy Association (IDEA) - which works to advance global environmental quality through efficient district energy - estimates that the rapid rate of Middle East construction will generate demand for cooling services of more than 10 - 20 million Tons of Refrigeration (TR) .

Speaking at the International District Cooling Conference at the Emirates Palace in Abu Dhabi, Rob Thornton, President, IDEA said the regional real estate sector, with more than US$ one trillion in projects being planned or under construction, has adopted district cooling as a preferred technology necessitating the investment.

'Development of the Middle East district cooling sector will outpace North America's by a ratio of 2:1 and the region will maintain its world-leading position spurred by IDEA members,' he told delegates.

The conference, which brought together over 300 industry professionals from 20 countries, also hosted the launch of IDEA's Middle East chapter which is headquartered in Abu Dhabi where its regional offices will be based.

'The enormous residential and commercial developments across the region including the wider Middle East will require an immense amount of cooling services,' said Dany Safi, Director, IDEA and CEO of Tabreed - the Middle East's district cooling pioneer, who also chaired the event.

'Governments and developers are conscious of the need to employ energy-efficient and environmentally-friendly technologies in all sectors. IDEA's Middle East chapter has been set-up with a view to promote the technology regionally and to give official representation to the industry.

'The association will also help improve the technical skills and knowledge of industry professionals and keep them up-to-date with international innovations.'

Tabreed won two awards at the event. The company received IDEA's Global Partner honour and Dany Safi, scooped the Global Pioneer accolade.

Tabreed has been at the forefront of the Middle East district cooling industry since its inception in 1998 and has been globally recognised for its visionary leadership. It has operations in five GCC countries including, Saudi Arabia, Bahrain, Qatar, Oman and the UAE as well as in Jordan in the Levant, where it also provides district heating services.

Major projects being serviced by the company directly and through its joint ventures and subsidiaries include the UAE's Dubai Metro project and the Abu Dhabi National Exhibition Centre's new development, the Bahrain Financial Harbour and The Pearl Qatar.
 

 

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