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Marubeni, Ajlan, UDEI to set up district cooling JV in Saudi Arabia

By District Energy posted 01-31-2023 16:19

  

Zawya

Summary

Japan's Marubeni Corporation said it has joined hands with two key regional players in the utility sector - Ajlan & Bros for Trading of Saudi Arabia and Qatar's United District Energy International (UDEI) - to enter into the district cooling business in KSA.

The Marubeni move comes at a time when the demand for district cooling in KSA is expected to expand due to factors such as continuous population growth and urbanization, vigorous real estate development, and increased motivation for energy conservation.

As per the JV deal, the three companies will work jointly to meet the local demand for district cooling services.

Marubeni will be utilising its know-how in infrastructure business development and operation in KSA; while the UDEI, which has extensive experience in district cooling, will deploy its expertise for the project and the local network will be taken care of by Ajlan & Bros Holding Group, which is involved in a wide range of businesses in the kingdom.

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