DUBAI, UAE, 19 December 2023: Johnson Controls (NYSE: JCI) announced the signing of a 10-year Cooling as a Service (CaaS) agreement with Al Fattan Properties, a real estate developer in Dubai. Making the announcement through a Press release, JCI said that the business deal marks the company’s first-of-its-kind projects in the UAE and the region. Furthermore, JCI said that the agreement also includes providing all-round cooling infrastructure services to ensure the comfort of residents of Al Fattan Downtown Towers, Al Fattan Properties’ premier residential development in Dubai. 

Mohammad Khalid, Vice President and General Manager- Middle East and Africa, said: “In the Gulf region, energy consumed for cooling accounts for around 50%-60% of total building power consumption. CaaS can help substantially reduce a building’s cooling-associated carbon footprint by up to 30%, making it an environmentally friendly and sustainable solution. With the decarbonisation of buildings representing a critical step in fighting climate change, the launch of CaaS is opportune. Businesses can quickly transform their buildings into more efficient and sustainable assets without upfront capital costs and accelerate their net zero journey.” 

CaaS, JCI said, is a hassle-free solution where customers and end-users only pay for actual consumption of cooling while benefiting from reduced operational costs, uninterrupted operations, service continuity and efficiency. 

Soby Joseph, CEO, Al Fattan Properties, said: “We aim to bring our clients the best we can offer, and this long-term partnership with JCI reflects that commitment. The CaaS initiative will help ensure that the living space at Al Fattan Downtown Towers is comfortable and luxurious for all residents. In addition, we will ensure that we provide services that can be relied upon anytime.” 

In addition to equipment delivery and installation, JCI said, it will also deliver comprehensive operations and maintenance services, upgrades and rapid repairs, efficiency enhancement, and direct end-user billing and collection.  

Commenting on the partnership, Ruben Cherian, Property Manager, Al Fattan Properties, said: “We are impressed by the CaaS business model as it aims to preserve our assets in the long run and helps eliminate surprises and uncertainty and prevent deferred maintenance cycles. JCI’s CaaS is not only a risk-free and capital-free solution for us but also aligns well with our organisation’s commitment to environmental sustainability and climate action. From any perspective, the return on investment (ROI) is well worth the partnership.” 

JCI said that CaaS is also suitable for hotels, hospitals, retail malls, commercial offices and data centres.