Medina, Saudi Arabia 2024 - The Knowledge Economic City “the Company” has announced the signing of contract with a consortium of three companies - “City Cool”, “Johnson Controls Arabia (JCA)”, and “ADC Energy System” to build a chilled water district cooling plant, where the consortium’s services would be based on a Build, Own, Operate, and Transfer (BOOT) model.

The Knowledge Economic City Announces the Signing of a Contract with a Consortium of Three Companies – “City Cool”, Johnson Controls Arabia and “ADC Energy Systems” to Build and Operate a Central Cooling Plant for the Knowledge Economic CityMedina, Saudi Arabia 2024 - The Knowledge Economic City “the Company” has announced the signing of contract with a consortium of three companies - “City Cool”, “Johnson Controls Arabia (JCA)”, and “ADC Energy System” to build a chilled water district cooling plant, where the consortium’s services would be based on a Build, Own, Operate, and Transfer (BOOT) model. The contract will lead to the building of a plant of 21,000 tons of refrigeration over two phases at the Madinah Hub area, “Multaka Almadinah,” to provide cooling services to the mall, the Hilton tower, and the branded residence tower. This station will deliver air conditioning services for this area in alignment with Knowledge Economic City’s commitment to establishing an outstanding destination that adheres to international standards. This endeavor aims to support the objectives of the Kingdom’s Vision 2030 by fostering a dynamic community wherein residents can embrace a healthy lifestyle and thrive in a positive, appealing environment. The consortium of the three companies will provide their services based on a Build, Own, Operate, and Transfer (BOOT) arrangement, where Johnson Controls Arabia will supply YORK Chillers, ADC Energy Systems will perform the engineering, the procurement, and the construction of the District Cooling Plant. Additionally, City Cool will perform the operation, maintenance, and facility management for 25 years from the operating date with the aim of sustainability and energy efficiency as part of the alignment with the objectives of the Knowledge Economic City.