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Officials at the signing ceremony in Dubai.

South Energy inks deal with Singapore's SP Group

DUBAI, February 10, 2019

Dubai South, the 145-sq-km urban city development emerging in the emirate, said one of its units, South Energy, has signed a MoU with Singapore-based SP Group as part of its efforts to boost its district cooling capabilities by exploring key opportunities with the company.

The agreement seeks to explore key opportunities through joint venture initiatives set to further enhance district cooling services in the region, said a statement from the energy solutions arm of Dubai South.

South Energy operates six central cooling plants in Dubai South which currently serves the VIP Terminal, Residential District, The Business Park and Sakany in Dubai’s flagship urban project, tapping advanced cooling solutions through its strategic partnership with service providers in the sector.

District cooling has been the preferred temperature control technology in the Middle East due to its highly energy-efficient model of providing cooling solutions to buildings, airports and other large-scale complexes.

The agreement with SP Group represents the Emirati group's strong interest to further engage in enhancing its technical capacity as well as knowledge and skills in the energy sector, remarked Khalifa Al Zaffin, the executive chairman of Dubai Aviation City Corporation and Dubai South, after inking the deal with Ismail Al Marzooqi, the chief executive of South Energy at the Dubai South Headquarters in the presence of top officials from both companies.

The top executives from SP Group who witnessed the signing of agreement include Wong Chit Sieng, the chief corporate officer; Jimmy Khoo, the managing director, Singapore District Cooling; Lim Howe Run, the head of strategic investments; Lim Soon Heng, Director, Corporate Strategy; Mak Ye Chyn, Director, Strategic Investments.

Al Zaffin said: "In line with Dubai South’s long-term vision to become a leading investment destination in the region under the Dubai Plan 2021, Dubai South has always kept its doors open for collaboration and in establishing mutual support to key partners in order to achieve common goals."

"We are confident that improving our capabilities through this partnership is another major step forward towards building Dubai South as an ideal community to work and live in," he added.

The MoU explores key potential projects within Dubai South such as collaboration activities for the new district cooling plant located within the Emirates Flight Training Academy area of Dubai South’s Mohammed Bin Rashid Aerospace Hub (formerly known as Aviation District).

It also seeks to build partnership on various initiatives aimed at expanding Dubai South’s capacity to serve the future needs of the city.

Kim Yin said SP Group was pleased to collaborate with South Energy to provide advanced district cooling expertise and technology in the Middle East region thus helping customers enjoy a high quality, fully sustainable urban lifestyle.

"The strategic new partnership is further bolstered by our experience in running the world’s largest underground district cooling network in Singapore’s financial and leisure hub and the operations we are currently setting up in China," he noted.

"We are proud to be part of a global-scale project that has been designed to help achieve Dubai’s vision to truly become a world-class city. This is a major step towards more collaborations in the future, enabling us to meet the city’s needs in the run-up to the Dubai Expo 2020," he added.-TradeArabia News Service




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