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GCC's Cooling Giant Aims Higher

By District Energy posted 09-27-2019 11:00


Baset Asaba, Middle East Utilities


With over 20 years of successful regional experience, Tabreed has pioneered district cooling in the UAE and across the GCC, successfully delivering a number of iconic projects that have set the standard for the industry. In April, Tabreed appointed Bader Saeed Al Lamki as its new CEO. He speaks to Utilities Middle East about his plans to advance the company to greater heights.

Following your recent announcement of an 11% increase in profit for H1 2019, what would you say are the main factors that led to this success?

These solid results in our first half with underlying net profit of 11% increase, compared to the same period in 2018, certainly highlighs the ongoing financial and operational excellence at Tabreed and its resiliency in the current market. Tabreed continues to perform and grow. For example, we have recently commissioned a new district cooling plant in Oman to serve the Mall of Muscat which takes our total number of operational plants to 75 across the region.

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