Tabreed is interested in Dubai airport district cooling deal
Staff Report/Abu Dhabi Filed on February 15, 2021
With 86 district cooling plants, Tabreed services developments such as the Burj Khalifa, the world’s tallest skyscraper, the Dubai Opera and the Dubai Mall. Supplied photo
Tabreed reported a 16.5 per cent increase in 2020 net income to Dh550 million while the group revenue increased by 14.5 per cent to Dh1,741 million
National Central Cooling Co, popularly known as Tabreed, is interested in acquiring the district cooling unit that serves Dubai International Airport, its chief executive Bader Al Lamki said on Monday.
The Dubai-listed Tabreed has been on a shopping spree during the Covid-19 pandemic, snapping up assets in locations such as Abu Dhabi’s Saadiyat Island, home to a Louvre museum. It also acquired an 80 per cent stake in Dubai developer Emaar’s downtown district cooling business for Dh2.48 billion ($675 million).