Published: Jul 10, 2014
Source: Emirates 24|7

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Tabreed wins Dh1bn contract

30-year contract involves buying the existing district cooling provider to Al Maryah Island

United Arab Emirates' Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth Dh1.05 billion ($285.9 million), the firm said on Thursday.

The 30-year contract involves buying the existing district cooling provider to Al Maryah Island in Abu Dhabi and will be funded through a combination of equity and a 20-year loan provided by First Gulf Bank, Tabreed said in a statement on Dubai's bourse - By Reuters. Read more>>>

 

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