Saudi Tabreed to bring eco-friendly cooling systems to Kingdom

Saudi Tabreed is a private joint stock company and marks the fourth venture of UAE-based Tabreed into the GCC market.

"The Saudi market is of great importance to us because it is by far the biggest construction market in the whole region with investment from both the public and private sectors," said Dany Safi, CEO, Tabreed.

"Office complexes, hotel developments, shopping centres, educational campuses and new hospitals are all coming off drawing boards with intense regularity - making this a construction market, said by analysts to be currently worth some US $35 billion. Tabreed is a world leader in district cooling and its entry into the Kingdom will further consolidate this position.

"The launch of Saudi Tabreed now sees our company represented in almost every state within the GCC. WE are truly a regional company and one with great ambitions within the Middle East and beyond."

Saudi Tabreed will be headquartered in Al Khobar, the industrial city which serves the greater Dammam metropolitan district.

"Saudi Tabreed will specialise in delivering district cooling systems by providing chilled water for air-conditioning use to real estate projects, commercial malls, office and industrial complexes as well as education and medical campuses," explained Safi.

"Increasingly developers around the region are looking for cost-efficient cooling alternatives and this is where Saudi Tabreed can come into its own. District cooling is already an established, proven and rapidly developing technology in the US and Europe and is increasingly being taken up throughout the Gulf.

"In establishing Saudi Tabreed we have opted for a high calibre of partners - partners we now believe in, and can live up to Tabreed's reputation for quality, consistency and technological advancement. Together with our partners we are confident of gaining a significant share in the Kingdom's cooling market."

Saudi Tabreed's credentials have already been established with the registration of the company as a member of the International District Energy Association, which works to advance global environmental quality through efficient district energy services.