Tabreed increases ownership of Al Maryah Island district cooling scheme to 100% ...United Arab Emirates

An additional 50% stake has been acquired by The National Central Cooling Company (Tabreed) in the exclusive, 80,000 refrigeration tonne district cooling scheme supplying Al Maryah Island, in Abu Dhabi. The acquisition is said to be from joint venture partner, Mubadala Infrastructure Partners (MIP), which brings Tabreed’s ownership to 100%. According to a statement, Tabreed will continue to operate the Al Maryah scheme under a 30-year exclusive concession granted in 2014 by Al Sowwah Square Properties. The latter is a wholly owned subsidiary of Mubadala Investment Company. Having doubled its stake in the district cooling scheme, Tabreed continues to deliver on its growth ambitions in key mar

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Tabreed increases ownership of Al Maryah Island district cooling scheme to 100% ...United Arab Emirates

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