April 30, 2017 3:26 AM ET

Water Utilities

Company Overview of Emirates Central Cooling Systems Corporation

Company Overview

Emirates Central Cooling Systems Corporation provides district cooling services to developments in Dubai and the surrounding region. The company was founded in 2003 and is based in Dubai, United Arab Emirates.

Dubai Healthcare City

Building #A/P 33

2nd Floor

Dubai,  

United Arab Emirates

Founded in 2003

Phone:

9714 375 5555

Fax:

9714 375 5500

Key Executives for Emirates Central Cooling Systems Corporation

Chief Executive Officer
Chief Financial Officer
Chief Operations & Maintenance Officer
Chief Project Management Officer
Director of Administration
Compensation as of Fiscal Year 2016.

Emirates Central Cooling Systems Corporation Key Developments

Emirates Central Cooling In Merger Talks With Three Companies

Ahmad Bin Shafer, Chief Executive Officer of Emirates Central Cooling Systems Corporation, said, Emirates Central Cooling is in talks with three companies about possibly acquiring one or more of them but declined to disclose further details. Bin Shafer added that the company was also in discussions with the governments of Sharjah and Ajman about expanding there and providing district cooling in those emirates.

Emirates Central Cooling Systems Corporation Reports Earnings Results for the Year 2016

Emirates Central Cooling Systems Corporation reported earnings results for the full year 2016. For the year, the company made a net profit of AED 641 million compared to AED 516 million in 2015, a 24% increase. Total revenue reached AED 1.84 billion, up 11% from AED 1.66 billion a year earlier.

Nakheel Awards AED 1.8 Billion Contract to Empower

Empower announced that it has been successful to secure a contract worth AED 1.8 billion ($490 million) from Nakheel to deliver district cooling services to the company's premium projects in new Dubai - Jumeirah Village Circle and Jumeirah Village Triangle. The company, adhering to the terms of the contract, will be responsible for manufacturing six cooling facilities involving the two developments in order to deliver 260,000 refrigeration tons (RT) for the 400 buildings.

Similar Private Companies By Industry

Company Name Region
Abu Dhabi Distribution Company Middle East/Africa
Al Mirfa Power Company Middle East/Africa
Emirates Central Cooling Systems Corporation Middle East/Africa
Palm District Cooling LLC Middle East/Africa
Palm Water LLC Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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