Deal is a reflection of the growing adoption of district cooling technology by real estate industry that now invests largely in sustainable technologies such as district cooling which drives higher returns on investments to the businesses.
With double-digit sales growth in 2017, Phoenix Contact has exceeded the two billion euro mark, achieving a turnover of 2.205 billion euro.
Kuwait's Ministry of Electricity and Water has signed two contracts, worth $141m (KWD47m), to upgrade its power plants.
The UAE Federal Electricity and Water Authority (FEWA) has floated a quartet of tenders.
JCB Broadcrown has completed a $2.59m contract to deliver 4,500kVA of critical backup power for St Bartholomew's Hospital in London
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