• HSBC

Tabreed rewarded for keeping the Middle East cool

  • United Arab Emirates: Monday, July 07 - 2008 at 16:32
  • PRESS RELEASE

Tabreed's philosophy of keeping entire Middle East communities cool without abusing the environment has been recognised with 6 awards from the International District Energy Association (IDEA).

The awards were presented in recognition of Tabreed's significant contributions to the Middle East's district cooling industry.

Only a decade after pioneering district cooling in the region, Tabreed has been receiving awards regionally and internationally, a testimony to its vision of becoming a world leader in district cooling.

Tabreed received one gold award for the total square footage for its GCC operations, three silver awards for the total number of buildings operated in the GCC, total square footage and number of buildings in UAE. Consequently, the two bronze awards were given for Tabreed's Qatar and Jordan operations.

"Receiving all these recognitions from IDEA are a testimony for Tabreed to spread its vision of creating a revolutionary cooling concept in the Middle East region as well as facilitate the community into saving energy for future use. Tabreed as the world's largest district cooling company validates our mission of providing environmental friendly cooling solutions,"


said Dany Safi, CEO of Tabreed also known as National Central Cooling Company (PJSC).

Previously, the company has been taking home top honours for two consecutive IDEA awards, winning in the 'Beyond North America' region for Total Buildings Committed or Connected to Service and Total Square Footage in 2004 and 2006.

"With only ten years of operations, Tabreed's achievements are phenomenal and with the continuous growth of real estate development in the Middle East, we can look forward to more years of sustained growth from the region," said Rob Thornton, President of IDEA.

Additionally, Tabreed was honoured with the Global Partner award and its Chief Executive Officer, Dany Safi, scooped the Global Pioneer accolade from the previous IDEA at its first gathering of its Middle East chapter in Abu Dhabi.
From left to right: Maged Fahmy from Tabreed, Khaled Slameen from Tabreed, Fayad Al Khatib from Qatar Cool, Rob Thronton  President of IDEA, Dany Safi from Tabreed , Aarif Abu Erriesh from Tabreed Jordan, Rita Chahoud from Tabreed, James Kassim from Tabreed, Abdulla Banaeimoon and Fawaz El Hindi from Tabreed. 
From left to right: Maged Fahmy from Tabreed, Khaled Slameen from Tabreed, Fayad Al Khatib from Qatar Cool, Rob Thronton President of IDEA, Dany Safi from Tabreed , Aarif Abu Erriesh from Tabreed Jordan, Rita Chahoud from Tabreed, James Kassim from Tabreed, Abdulla Banaeimoon and Fawaz El Hindi from Tabreed.
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About Tabreed:
Tabreed is one of the leading suppliers of district cooling services in the United Arab Emirates. Tabreed designs, engineers, finances, constructs and operates district cooling facilities that supply chilled water for air conditioning. In addition, Tabreed has expanded its district cooling operations by establishing subsidiaries and associate companies in Qatar, Bahrain, Jordan, Oman, Saudi Arabia and Kuwait. Tabreed has also developed a number of subsidiary companies which service the district cooling and air conditioning industry.

Tabreed currently operates 31 district cooling plants (of which it wholly owns 22) in the UAE from which it sells chilled water air conditioning services to customers that are connected to the relevant distribution network. Tabreed and its subsidiaries own 227 Kton of capacity in the GCC region, of which 220 Kton is in the UAE and 7 Kton is in Bahrain. It operates further 97 Kton through associates, of which 67 Kton is in the UAE and 30 Kton is in Qatar.

In addition, based on existing arrangements, Tabreed has in the GCC region a 722 Kton pipeline of projects under construction/development and a 473 Kton pipeline of potential new projects, expected to be installed by the end of 2010. The UAE Armed Forces has been Tabreed's major customer to date, accounting for, in the fiscal year ended 31 December 2007, approximately 47% of installed capacity owned (directly and through subsidiaries) (53% of installed capacity operated) and 67% of its district cooling revenues.

Tabreed's current authorised and issued share capital is Dhs1.213bn. Tabreed is listed on the Dubai Financial Market (DFM) and has a wide shareholder base. Its shareholders include government bodies and investment institutions, private offices of high net worth individuals, overseas investors and the public.

For further information:
Rita Chahoud
PR and Communications Manager
Tabreed
Tel: +971 4 3404422
Fax: +971 4 340

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