The Sustainabilist | E-COMMERCE
INTERVIEW
Tabreed Takes Over the Largest DC Market in the World The Sustainabilist interviewed Adel Salem Al Wahedi, CFO of National Central Cooling Company (Tabreed), to discuss the recent acquisition of Emaar’s Downtown Dubai district cooling assets
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abreed’s recent acquisition of 80% of Emaar’s Downtown Dubai District Cooling services, the largest corporate deal in the UAE this year, is truly significant. Can you tell us about what the transaction represents and the mindset behind it? Firstly, the transaction provides us scale in the largest District Cooling (DC) market in the world, which is in Dubai. DC opportunities of this scale are scarce in the market. Tabreed was under-represented in Dubai and had come across limited opportunities to grow due to large volumes locked under existing concessions. This is a transformational transaction which, along with concession growth, will lead to consolidation of Tabreed’s market positioning over time. 26
