Tabreed fully acquires district cooling scheme at Al Maryah Island

The acquisition is from joint venture partner, Mubadala Infrastructure Partners (MIP), bringing Tabreed’s ownership to 100%

National Central Cooling Company PJSC (Tabreed) has announced the acquisition of an additional 50% stake in the exclusive 80,000 refrigeration ton district cooling scheme supplying Al Maryah Island in Abu Dhabi, including its major entertainment, hospitality, retail, commercial and residential developments.

The acquisition is from joint venture partner, Mubadala Infrastructure Partners (MIP), bringing Tabreed’s ownership to 100%.

Tabreed will continue to operate the Al Maryah scheme under a 30-year exclusive concession granted in 2014 by Al Sowwah Square Properties LLC, a wholly owned subsidiary of Mubadala Investment Company.

Having doubled its stake in this landmark district cooling scheme, Tabreed continues to deliver on its growth ambitions in key markets.

The deal is the fourth major acquisition for Tabreed in less than two years, following the securing of an 80% stake in Emaar’s Downtown Dubai network and acquiring Aldar’s Saadiyat Island plant and the Masdar City district cooling scheme in Abu Dhabi. The new acquisition sees the company extend its reach in district cooling services.