Staff Report
Dubai, UAE
Sobha Group, a leading global real estate company, has announced its new business vertical, Sobha Energy Solutions, which will provide cooling services with its 40,000-tonne cooling plant capacity. It will support around 14,000 apartments within Sobha Realty’s developments by 2027. This also makes Sobha Group the only private developer in Dubai to introduce such a business model. The initiative is the latest addition to the Group’s backward-integration model which oversees all aspects of its projects.
Francis Alfred, Managing Director of Sobha Realty, said, “We are excited to venture into this new vertical with the launch of Sobha Energy Solutions, a significant advancement in our commitment to the backward integration approach. This initiative allows us to deliver centralised cooling services that meet the highest standards of quality, efficiency, and sustainability. Beyond driving innovation, this also reinforces our commitment to offering a one-of-its-kind living experience within the Sobha Realty communities.”
Sobha Group’s backward integration model brings together different business verticals under one roof, including design, construction, production facilities for façade, joinery and PODs, facility and community management, and security services. This model enhances the Group’s ability to implement strict quality and efficiency controls and outperform industry standards by overseeing every aspect of the project in-house.
The launch of Sobha Energy Solutions is a testament to the company’s ambitions of becoming synonymous with excellence and providing sustainable solutions. It clearly mirrors the developer’s goal to expand the prospects of its backward integration model and deliver world-class services and offerings that enhance the value and quality of its developments.
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Also read: Sobha Realty completes US$230 mn sukuk tap, taking total sukuk holdings to US$500 mn
