UAE's Tabreed is interested in Dubai airport district cooling deal - CEO | Reuters
Dubai-listed National Central Cooling Co (Tabreed) is interested in acquiring the district cooling unit that serves Dubai International Airport, Tabreed Chief Executive Bader Al Lamki said on Monday.
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% stake in Dubai developer Emaar’s downtown district cooling business for 2.48 billion dirhams ($675 million).
“Dubai (international) airport has been in the market. We are looking at it. We will see how it goes,” Al Lamki told Reuters in an interview.
District cooling firms deliver chilled water via insulated pipes to offices, as well as industrial and residential buildings. 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.
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