3 November 2011 – Sydney based EP&T Global, chaired by former Sydney 2000 Olympic Games chief executive Sandy Holloway, has been appointed to a major energy savings project in a major new development in Dubai.

Mr Holloway said the Dubai contract is with property management company Tecom Investments for three city precincts known as Media City, Knowledge City and Internet City and was potentially “very significant indeed.”

“It is breaking into a very lucrative market in the Gulf region and, despite the global financial crisis, this is an area which is structurally wealthy because of its natural resources,” Mr Holloway said.

Board member John McCarthy, a former national president of the Property Council of Australia, said the project will enhance the global profile of the company which is already operating in the UK, and expose its technology to organisations which will be using the precincts such as the BBC, CNN, Bloomberg, IBM, Microsoft, Mastercard, Dell, HP and Oxford University.

EP&T founder and chief executive Keith Gunaratne, who brokered the contract, said Dubai had “huge energy intensity…and has been marked by the United Nations as having the [world’s] second highest carbon footprint. The temperatures are so high and therefore the opportunities for savings are huge.”

He said the company currently had projects for clients including Stockland, GPT and Charter Hall in buildings such as Darling Park, Number 1 Martin Place in Sydney and the Commonwealth Bank Building 385 Bourke Street in Melbourne.

Mr Holloway, who is a former Secretary of the Commonwealth Department of Industry, Science and Technology and former Board member of Austrade and CSIRO, said:  “This is a business with very smart proprietary technology which really is the best in the world and we can see from the fact that a big property developer like British Land in the UK decided in 2009 to start using this technology.

“Everybody’s interested in reducing cost of their energy usage and major owners of commercial buildings in Australia and around the world are certainly in that category and EP&T’s technology does that,” Mr Holloway said.