Ahmad Bin Shafar named CEO of the Year

Empower boss wins Energy Sector accolade at CEO Middle East Awards 2015.

Bin shafar, Empower, News

Empower’s Ahmad bin Shafar has won the CEO of the Year – Energy in the CEO Middle East Awards 2015, organised by CEO Middle East Magazine.

The award was in recognition of the role played by bin Shafar in strengthening and expanding Empower and his contributions to the district cooling sector in the Middle East, as well as his significant achievements in transforming Empower into a global player.

Bin Shafar received the award on Tuesday at the InterContinental Hotel in Dubai Festival City. The event was attended by a large number of decision-makers from the public and private sectors from around the Middle East.

The awards also included CEO of the Year in Aviation, BPO and Technology, Telecoms, Banking, Financial Services, Project Construction, Hospitality and Tourism, and Retail, as well as Businesswoman of the Year, Young CEO of the Year, Humanitarian of the Year, Visionary of the Year, Islamic Banking, and Lifetime Achievement Award.

"It is a great honour to be selected as CEO of the Year – Energy. I attribute this honour to the inspiring vision of the Government of Dubai, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, in the fields of energy and sustainability,” said bin Shafar.

“This award will be another motive for further innovation in district cooling, and propel Empower to new heights of success. I dedicate this achievement to the Empower team that works tirelessly to achieve the vision of the company locally, regionally, and globally."

Ahmad bin Shafar, who is a California State University graduate with over 19 years of experience in senior management positions, succeeded in transforming Empower into the world’s largest district cooling services provider, turning the company from a startup with three employees into a company that commands a market share of more than 70%.

Under his direction, Empower is supporting global initiatives related to organisations such as the United Nations, and holds MoUs with leading companies in the energy fields.

Moreover, bin Shafar was the brains behind one of the largest acquisitions in the district cooling industry, by acquiring Palm Utilities, including its district cooling service entity Palm District Cooling, PDC, from Istithmar World.


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