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KSA City Cool — a subsidiary of Al Rajhi Holding Group — has inked an agreement with Saudi real estate developer Diriyah Company to set up a district cooling plant, according to a statement released last week. The financial details and a timeline for the launch of the plant were not disclosed in the statement
What we know: The facility and associated distribution network will deliver a maximum cooling power of 72.5k tons of refrigeration to the first phase of the USD 62.2 bn PIF-backed Diriyah project. The agreement follows a 25-year build-own-operate and transfer (BOOT) model.
Saudi is expanding its district cooling services: KSA’s Makarem Almaarifa Hospitality awarded a contract to a consortium — comprised of City Cool, integrated solutions provider Johnson Controls Arabia (JCA), and EPC solutions provider ADC Energy Systems — to build a central cooling plant for its parent company the Knowledge Economic City in Madinah back in January. Saudi Arabia’s King Salman Park is also getting a district cooling plant courtesy of Canada’s SNC-Lavalin Group. The contract was awarded by Saudi Tabreed’s subsidiary Green Park Cooling Company last June.
