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Mubadala Fund, Tabreed partner to provide Al Maryah Island with cooling services

A group including Mubadala Infrastructure Partners and National Central Cooling Co (Tabreed) has acquired a concession to provide cooling services to developments on Abu Dhabi’s Al Maryah Island for $285m, Bloomberg has reported. Mubadala Infrastructure Partners, an independent Mubadala-linked infrastructure fund with institutional investors from the Gulf region and Asia, and Tabreed will take over the existing district cooling provider as part of the 30-year deal, Tabreed said.