Emirates District Cooling LLC (Emicool) is a leading district cooling service provider in the UAE with 30% market share. With 355,000 tonnes of refrigeration (TR) capacity, it serves more than 22,000 customers.
In April 2022 Actis entered into a deal to purchase a 50% stake in Emicool from Dubai Investments, forming a JV to grow Emicool.
With an extensive network in multiple geographies, the JV is aimed at supporting Emicool in its vision towards becoming one of the leading providers of sustainable and efficient district cooling services in the wider MENA region.
The transaction underpins the growing demand for district cooling in the region and there is a clear opportunity for Emicool to become a regional leader in sustainable district cooling and related services.