Empower Announces Strategic Sponsorship for WETEX 2024, Showcasing Innovative Cooling Solutions

Dubai, UAE, July 25, 2024: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has announced its strategic sponsorship for the 26th edition of the Water, Energy, Technology and Environment Exhibition (WETEX 2024). The event will be held at the Dubai World Trade Centre (DWTC) from October 1 to 3, 2024. Recognized globally as a premier platform for sustainability and clean energy, WETEX 2024 will feature Empower's innovative district cooling solutions.

Empower's CEO, Ahmad Bin Shafar, highlighted the significance of the event, stating, 'Annually organized in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, WETEX has established its position as one of the largest and most important global exhibitions in the water, environment, and energy sectors.' He emphasized that WETEX 2024 promises an unforgettable experience for participants and visitors, showcasing the UAE and Dubai's efforts in renewable and clean energy.

Bin Shafar also noted that Empower is committed to supporting this globally recognized exhibition for its excellence in spreading modern technologies, expanding the culture of environmental protection, and raising awareness about the importance of rationalizing energy and water consumption. WETEX serves as a global platform to showcase innovative solutions in the cooling industry, promote the adoption of energy-efficient and environmentally friendly district cooling systems, and highlight the benefits of expanding green buildings.

WETEX 2024 will also focus on sustainable development, green economy, and the use of solar energy. The event will host in-depth discussions to address industry challenges and capitalize on promising opportunities. It offers new cooperation opportunities for the commercial and technological sectors, allowing investors, decision-makers, and institutions to conclude fruitful deals, build strategic partnerships, exchange experiences, and learn about the latest technologies in these vital sectors.

Given Empower's strategic initiatives and its pivotal role in promoting sustainability and clean energy, the future prospects of the company appear promising. Empower's participation in WETEX 2024 not only enhances its visibility on a global stage but also aligns with Dubai's ambitious energy strategies, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050.

Considering Empower's market cap of AED 16.2 billion and its strategic moves towards sustainability, investors should consider holding their positions in the company. The upcoming WETEX 2024 could present further growth opportunities and reinforce Empower's market leadership in the district cooling sector.