Multiply Group’s utilities sector consolidates steady and predictable cash-flow businesses in the utilities industry. It highlights the Group’s commitment to increasing energy efficiency and decreasing environmental emissions.
As countries worldwide face growing demand for comfort cooling, it is district cooling that has a significant role to play in reducing the overall energy usage from cooling. In 2019, PWC estimated that using district cooling to cater to developing countries’ additional cooling demands could lead to over US$1 trillion in energy savings worldwide through 2035. District cooling systems involve various cost efficiencies and clean energy technologies to make them a major contributor to achieving a green and sustainable economy.
Portfolio of companies includes:
Founded in 2006, PAL Cooling Holding (PCH) is one of the top players in the UAE’s district cooling industry. Catering to landmark residential, commercial and mixed-use developments, PCH offers reliable and quality services such as 24×7 chilled water for air conditioning from state-of-the-art central cooling plants. PCH has had consistent income growth since 2015, and it continues to enhance its capacity through sustained capital spending. PAL holds 8 long-term agreements and has partnerships with leading master developers including Aldar Properties, Al Qudra, Al Tamouh Investment and Reem Developers.