Company Insights Tabreed Utilities Tabreed Overview The National Central Cooling Company, also known as Tabreed, provides district cooling solutions in the UAE. A district cooling system consists of a pipe network filled with water that is chilled by district cooling plants. The chilled water travels from the plant to the building, cooling the space, and returns to the plant to be cooled again. Based in Masdar City in Abu Dhabi, Tabreed currently delivers more than 1.3 million refrigeration tonnes of cooling for infrastructure projects such as Sheikh Zayed Grand Mosque, Burj Khalifa, The Dubai Mall and Dubai Opera. It also cools Cleveland Clinic, Ferrari World, Yas Mall, Aldar HQ, Etihad Towers, Marina Mall, World Trade Center in Abu Dhabi. Tabreed commissioned its first district cooling plant in Sweihan, Abu Dhabi in 1998 and now has 86 plants across the GCC. Tabreed News Infrastructure More suitors vie for Abu Dhabi’s district cooling business KKR and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi’s Multiply Group, part of a $1.5 trillion empire overseen by one of the UAE’s most powerful sheikhs. District cooling plants, which deliver chilled water via insulated pipes to cool offices, industrial and residential buildings, have […] April 21, 2025 Real Estate Tabreed explores buying Multiply’s cooling business National Central Cooling Company, also known as Tabreed, is exploring a bid for Multiply Group’s district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters. Dubai-listed Tabreed is working with Citi on the potential offer for Multiply’s PAL Cooling Holding (PCH), said the two sources. […] March 27, 2025 Infrastructure Dubai’s Tabreed explores acquisitions for expansion Dubai-listed district cooling company Tabreed is aiming to expand through acquisitions and organic growth in the UAE and global markets. “We aim to grow our connected capacity by 3 percent to 5 percent annually over 2025 to 2027,” chief financial officer Adel Salem Al Wahedi wrote in the company’s 2024 annual integrated board report. The […] March 17, 2025 Energy PIF-backed Tabreed explores Saudi listing this year Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […] January 10, 2025 Construction UAE’s Tabreed to invest $200m in Indian pharma city The UAE’s National Central Cooling Company (Tabreed) will invest $200 million to develop 125,000 refrigeration tonnes (RT) of district cooling plants for Hyderabad Pharma City, according to media reports. Tabreed has partnered with India’s Telangana state government to develop cooling infrastructure for industrial and commercial parks, Business Standard, an Indian financial news daily, reported. Tabreed […] September 7, 2023 Sustainability Developer’s out-of-this-world solution to greener cooling Floating around in a space station is the ultimate in circular living. Everything from air to food to waste has to be reused or recycled, and all stored within the same tiny enclosed location. For air conditioning, Nasa made use of a novel system that was more effective in getting rid of flammable gases as […] August 14, 2023 Development France’s Engie sees UAE investments grow to $12bn French energy company Engie has invested $12 billion (AED44 billion) in energy, water desalination and green hydrogen projects in the UAE. The investments are across several strategic projects, Frederic Claux, managing director flexible generation and retail, Africa Middle East Asia at Engie, told the UAE state-run WAM news agency. The projects include Al Ajban solar PV, water […] May 25, 2023 Energy Saudi teams up with Iceland to explore its geothermal potential Iceland is helping Saudi Arabia to explore its geothermal power resources as the kingdom accelerates its transition away from hydrocarbons. The Saudi Industrialisation and Energy Services Company (also known as Taqa) and Reykjavik Geothermal have signed a joint venture agreement to establish Taqa Geothermal Energy, headquartered in Riyadh. The deal comes as research shows that Saudi […] March 16, 2023 Posts navigation
Infrastructure More suitors vie for Abu Dhabi’s district cooling business KKR and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi’s Multiply Group, part of a $1.5 trillion empire overseen by one of the UAE’s most powerful sheikhs. District cooling plants, which deliver chilled water via insulated pipes to cool offices, industrial and residential buildings, have […] April 21, 2025
Real Estate Tabreed explores buying Multiply’s cooling business National Central Cooling Company, also known as Tabreed, is exploring a bid for Multiply Group’s district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters. Dubai-listed Tabreed is working with Citi on the potential offer for Multiply’s PAL Cooling Holding (PCH), said the two sources. […] March 27, 2025
Infrastructure Dubai’s Tabreed explores acquisitions for expansion Dubai-listed district cooling company Tabreed is aiming to expand through acquisitions and organic growth in the UAE and global markets. “We aim to grow our connected capacity by 3 percent to 5 percent annually over 2025 to 2027,” chief financial officer Adel Salem Al Wahedi wrote in the company’s 2024 annual integrated board report. The […] March 17, 2025
Energy PIF-backed Tabreed explores Saudi listing this year Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […] January 10, 2025
Construction UAE’s Tabreed to invest $200m in Indian pharma city The UAE’s National Central Cooling Company (Tabreed) will invest $200 million to develop 125,000 refrigeration tonnes (RT) of district cooling plants for Hyderabad Pharma City, according to media reports. Tabreed has partnered with India’s Telangana state government to develop cooling infrastructure for industrial and commercial parks, Business Standard, an Indian financial news daily, reported. Tabreed […] September 7, 2023
Sustainability Developer’s out-of-this-world solution to greener cooling Floating around in a space station is the ultimate in circular living. Everything from air to food to waste has to be reused or recycled, and all stored within the same tiny enclosed location. For air conditioning, Nasa made use of a novel system that was more effective in getting rid of flammable gases as […] August 14, 2023
Development France’s Engie sees UAE investments grow to $12bn French energy company Engie has invested $12 billion (AED44 billion) in energy, water desalination and green hydrogen projects in the UAE. The investments are across several strategic projects, Frederic Claux, managing director flexible generation and retail, Africa Middle East Asia at Engie, told the UAE state-run WAM news agency. The projects include Al Ajban solar PV, water […] May 25, 2023
Energy Saudi teams up with Iceland to explore its geothermal potential Iceland is helping Saudi Arabia to explore its geothermal power resources as the kingdom accelerates its transition away from hydrocarbons. The Saudi Industrialisation and Energy Services Company (also known as Taqa) and Reykjavik Geothermal have signed a joint venture agreement to establish Taqa Geothermal Energy, headquartered in Riyadh. The deal comes as research shows that Saudi […] March 16, 2023
