Emirates District Cooling LLC (Emicool) is a leading district cooling service provider in the UAE with 30% market share. With 355,000 tonnes of refrigeration (TR) capacity, it serves more than 30,000 happy customers.
Over the next five years, Emicool will be recognized as an industry leader serving over 40,000 satisfied customers and energizing over 500,000 TRs
WHO WE ARE
Established in 2003, Emicool is A joint venture between Dubai Investments
& Actis and is a strategic player among top-tier district cooling service providers in the region.
To be recognized as a world-class provider of energy-efficient district cooling.
Mission
To ensure continuously exceeding customer expectations through delivering district cooling services by a competent workforce at a world-class level of reliability, efficiency, safety and environment, supporting resource sustainability
Effective Leadership
We know that effective and inspiring leadership is about being able to inspire, guide, and support a team towards success, while also embodying the qualities that promote trust, integrity, and accountability. Our board of directors and leadership team promote the company's success with their leadership expertise, skills, and knowledge.
Board of Directors
Adrian Mucalov
Adrian joined Actis in 2009 and has been a leader of the Long Life Infrastructure business from its inception. He is responsible for originating and managing investments in the infrastructure sector and managing the global multi-sector infrastructure team, as well as serving on the Actis Long Life Infrastructure Fund (ALLIF) Investment Committee and Actis’ Executive Committee. Adrian relocated from London to Singapore at the end of 2021 and heads Actis’ Singapore office.
Adrian led ALLIF’s early transactions in Chile, Brazil, India, the Middle East & Africa (including Pelicano, Babilonia, Athena, and Emicool) and serves on several portfolio Boards. Prior to his leadership role launching the ALLIF 1 fund, Adrian worked within Actis’ Energy sector team, where he was heavily involved in all of the firm’s electricity distribution deals, including Energuate in Guatemala and Umeme in Uganda – where he supported the successful IPO and subsequent capital markets exit of Umeme. He also has significant experience within the power generation space, including multiple platforms across Africa. Within these businesses he focused on driving growth, operational improvements, and risk mitigation strategies.
Prior to Actis, Adrian worked as Director of International Expansion at Endeavor Global, and as a management consultant with Monitor Group / Monitor Corporate Finance in Toronto and Seoul for four years. He also spent time with the European Bank for Reconstruction and Development, UNDP in Indonesia, CARE International Zambia and Goldman Sachs investment banking. Adrian holds an MBA from Harvard Business School, an MPA/ID degree from Harvard Kennedy School and a B.Com (Honours) from Queen’s University (Canada), is a CFA charter holder, and recently completed GARP’s Sustainability and Climate Risk Certificate.
Mr. Khalid has broad experience in different fields ranging from industrial, financial to the investment sectors.
He currently holds number of positions as Vice Chairman and CEO of Dubai Investments PJSC, Chairman of Al Mal Capital PSC, Board Member of National General Insurance PJSC, Board Member of Arcapita Investment Management BSC-Bahrain, Board Member of Ajman Bank PJSC
Mr. Khalid has a degree in Business Management from the USA and also majored in management at the Metropolitan State College, USA.
Helly Ajmera joined BCI January 2023 and is Senior Director & Head of India Investments. Helly is responsible for Asia investments and for growing the program’s footprint in India and Southeast Asia. She collaborates with the boards and leadership teams of BCI’s direct investments in Asia and the Middle East to support long-term value creation.
Prior to joining BCI, Helly practiced infrastructure advisory for over 15 years at Ernst & Young. During her time there, she advised global pension funds and infrastructure funds on investments across transportation, utilities, and energy verticals. She has a background in mergers and acquisitions, fundraising, and infrastructure investment trusts (InvITs).
Helly has completed her post-graduation in management from Indian Institute of Management (IIM) and graduated as an engineer in telecommunications.
She represents BCI on the boards of Cube Highways, Altius, Emicool, and Frontier Towers.
Mr. Max is a founding member of the Actis Long Life Infrastructure Fund and has been working on investments in infrastructure for over 15 years. Throughout his career, he has worked on 17 transactions that have closed with an aggregate value of over US$ 11 billion.
Currently, Mr. Max is a Director at Actis and is responsible for leading infrastructure investments in the Middle East and Africa. His prior experience includes investment roles with EQT Infrastructure and Quantum Energy Partners.
Mr. Max holds a Bachelor of Science in Business Administration degree with emphases in Finance and International Business from the University of Arizona, where he graduated Magna Cum Laude.
Mr. AbdulAziz is a Chairman of Emicool since 2003.
He has vast experience in industrial dealings and business management.
Currently, Mr. AbdulAziz serves as the Chairman of the board for a number of companies including Module University, Litech, Dubai Cranes, Emirates Extruded Polystyrene. He also sits on the Board of Directors Industries, Dubai Investments Park, Masharie, Dubai Investments Real Estate, Al Taif Investments, Al Mal Capital, Al Qudra Sports Management and UAE International Investors Council.
Mr. AbdulAziz was educated in the University of Southern California, US, where he majored in Industrial and System Engineering.
Mr. Mohamed is an Independent & non-executive Director on the Board of Dubai Investments for the last 9 years.
Additionally, he is a Member of two of the Board Committees: Audit Committee and Nomination and Remuneration Committee. He holds positions of Vice-Chairman of Danat El Emarat Women & Children’s Hospital Project, and Board Member of AHI- Carrier FZC, Marka PJSC, Al Mal Capital PSC.
Mr. Mohamed holds a Bachelor Degree in Business Administration majoring in Business Management.
As the CEO of Emicool since 2010, Dr. Adib oversees conceiving new strategies, deploying new business processes, efficiently managing company's overall resources and operations, increasing shareholders value and ensuring company’s continuous growth. In addition to the CEO role, Dr. Adib is a Board Member and Advisor of three successful subsidiaries: Aquacool, Emitech, Emirates Integrated Cooling Services.
Dr. Adib has previously served as a Corporate Director- Facilities Management in Union Properties. He has 22 years of experience in increasingly responsible roles in Executive Management, Corporate Finance, Facilities & Property Management, Smart Building Systems, and Auditing of Management Systems.
Dr. Adib holds a Bachelor degree in Mechanical Engineering, is a graduate of Marine Mechanical Engineering (BMME) and holds a Master’s Degree in Quality Management from Wollongong University, Australia. He also holds a Doctorate degree in Business Administration from Swiss Management Center University, Switzerland.
As the Chief Financial Officer of Emicool, Mr. Suri leads the company’s corporate finance and treasury functions, including capital structure, funding strategy, budgeting and strategic planning. Having previously led Emicool’s commercial, billing and collections operations, he brings strong financial, operational and institutional insight to the role.
Before joining Emicool, he worked with Big Four firms in India and the UAE. Mr. Suri is a Chartered Accountant, a member of the Institute of Chartered Accountants of India, and holds a Master of Commerce in Finance and Taxation.
As the CCO of Emicool since 2019, Mr. Nasser supervises enhancing new businesses, maintains and enhances relationship with all key corporate customers ensuring commercial success of the company.
Mr. Nasser has previously worked with Dubai Investment Park as a Head of Tenant Relations. He also served as the Chief Services Officer of Emicool in 2014 -2019 where he supervised Revenue Assurance, Customer Service, HR and Administration sections.
Mr. Nasser has a Bachelor Degree in Business Administration and a Higher Diploma in Financial Services from Dubai Men’s College (Higher College of Technology).
As the CTO of Emicool since 2019, Mr. Hani is responsible for taking the Technical Departments and all its sections to new heights to contribute to Emicool's commitment for growth.
Mr. Hani has more than 30 years of diversified experience in marine, oil and gas industry, energy efficiency, Asset Management Operation and Maintenance sector. His knowledge of oil and gas allows him to easily take the challenge of increasing demands for sustainable and energy efficient solutions in the UAE.
Mr. Hani holds a Bachelor’s Degree in Mechanical Engineering from the UAE & Class 1 Chief Engineer COC from Singapore & Kingdom of Jordan.
As Chief Services Officer at Emicool, Mohamed Al Jahazi is responsible for leading and optimizing key Shared Service functions including HR, IT, Admin, Procurement and Communications.
Throughout his career, he has led a range of initiatives focused on operational improvement, digital transformation, and organizational effectiveness. He is committed to building capable teams and ensuring support functions contribute to the company's overall business objectives.
Before joining Emicool, Mohamed worked with the Knowledge and Human Development Authority and The Emirates Group. He holds a bachelor’s degree in Human Resources Management with Business Studies from Middlesex University and is a Certified Professional from the Society for Human Resource Management (SHRM).
Bakulesh Kanakia is Chief Development Officer at Emicool, with over 15 years of senior leadership experience in district energy and infrastructure development across the GCC and India. He has led district cooling concessions close to 500,000 TR, spanning greenfield development, acquisitions, PPP structuring, investment strategy and long-term concession management.
At Emicool, Bakulesh leads business development and geographic expansion, building strategic partnerships with government entities, developers and utility stakeholders. A CFA Charterholder with an MBA in Finance, he combines deep sector expertise with strong investment and commercial discipline to originate, structure and deliver sustainable infrastructure platforms.
As a Chief Regional Officer for Abu Dhabi and Oman, Khalid drives Emicool’s operational performance, strategic growth and market development across both regions.
With more than 15 years of experience across district cooling, facilities management, asset operations and infrastructure, he brings strong technical and commercial insight from leadership roles at Manazel Real Estate and Abu Dhabi Distribution Company.
Khalid holds a bachelor’s degree in Architectural Engineering.