RevPages

Union Properties Sells Stake in Emicool

by Forbes Middle East Forbes Middle East - Business News
Dubais Union Properties has sold its entire 50% stake in Emirates District Cooling (Emicool) to Dubai Investments for $136 million.
Recommended Features
  • Dubai Investments
  • Emicool
  • Union Properties
Learn more about Union Properties Sells Stake in Emicool»

Review on Union Properties Sells Stake in Emicool

Dubai-based Emicool provides district cooling services to more than 19,000 customers in the U.A.E., including in Dubai Investments Park, Dubai Motor City, Dubai Sports City, Uptown Mirdif, Palazzo Versace, Damac Hills and Mirdif Hills. Dubai Investments says the move strengthens its portfolio in utilities, while also growing its asset base. Emicool has carved a niche in the district cooling sector, and Dubai Investments acquisition will spur its growth and expansion plans amidst surging demand in the region, said Khalid Bin Kalban, Dubai Investments CEO.

Related to Union Properties Sells Stake in Emicool

About Forbes Middle East Advanced   Forbes Middle East - Business News

103 connections, 0 recommendations, 247 honor points.
Joined APSense since, December 7th, 2017, From Dubai, United Arab Emirates.

Created on Jan 24th 2018 00:50. Viewed 273 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.