MEP Middle East
Summary
N Central Cooling Company (Tabreed) has left no stones unturned in aligning its vision with the UAE government’s growth and sustainability plans such as Abu Dhabi Economic Vision 2030, UAE Vision 2021, UAE Energy Plan 2050 and UAE Green Agenda 2030. Dr. Afif Saif Harhara Al Yafei, Vice President – Regional Asset Management, Tabreed, says: “Sustainability sits at the heart of the UAE’s national development agenda and this is evident through the key pillars and initiatives outlined in major economic growth plans.”
Al Yafei says that Tabreed is a partner of choice for governments and corporations across the GCC, in providing environmental-friendly cooling solutions. The firm has a business model that is built around long-term contracts, many of which are for public sector infrastructure projects and it has long-term contracts with high-profile customers such as the Roads and Transport Authority (RTA) and Aldar Properties, and it provides cooling for iconic developments including Sheikh Zayed Mosque, Ferrari World Abu Dhabi, Dubai Metro, and Dubai Parks and Resorts.
Talking about the market for district cooling in the Middle East, Al Yafei says: “The Middle East presents ideal growth opportunities for district cooling companies, with year-round warm climates, rapid urbanization, economic diversification, a growing infrastructure spend, and a growing population driving the market size. Cooling demands in the GCC are expected to triple by 2030 as a result of these growth drivers. Cities are key expansion areas due to growing urbanisation – cities now consume 70% of global energy according to the UN. The concentration of buildings in a compact area means using water can cool whole neighbourhoods rather than individual apartments or houses each having their own cooling solutions.”
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