Tabreed is interested in Dubai airport district cooling deal
Staff Report/Abu Dhabi Filed on February 15, 2021
With 86 district cooling plants, Tabreed services developments such as the Burj Khalifa, the world’s tallest skyscraper, the Dubai Opera and the Dubai Mall. Supplied photo
Tabreed reported a 16.5 per cent increase in 2020 net income to Dh550 million while the group revenue increased by 14.5 per cent to Dh1,741 million
National Central Cooling Co, popularly known as Tabreed, is interested in acquiring the district cooling unit that serves Dubai International Airport, its chief executive Bader Al Lamki said on Monday.
The Dubai-listed Tabreed has been on a shopping spree during the Covid-19 pandemic, snapping up assets in locations such as Abu Dhabi’s Saadiyat Island, home to a Louvre museum. It also acquired an 80 per cent stake in Dubai developer Emaar’s downtown district cooling business for Dh2.48 billion ($675 million).
Abu Dhabi’s $232bn Mubadala wants to take crack at Top 10
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Abu Dhabi’s $232bn Mubadala wants to take crack at Top 10
The fund is reshaping its structure to focus on four business platforms: UAE investments, disruptive investments, direct investments and real estate and infrastructure January 10, 2021
Abu Dhabi’s Mubadala Investment Co. is overhauling its structure and deploying capital to double in size to nearly half a trillion dollars in the next decade, a plan that will vault it into the top ranks of the world’s sovereign wealth funds.
Abu Dhabi s Mubadala Investment Co. is overhauling its structure and deploying capital to double in size to nearly half a trillion dollars in the next decade, a plan that will vault it into the top ranks of the world s sovereign wealth funds.
With stakes in businesses from Reliance Industries Ltd. s retail unit to Masayoshi Son s Vision Fund, Mubadala was among a few sovereign investors that last year seized on opportunities from a dislocation in markets caused by the coronavirus pandemic.
To help achieve its target, Mubadala will put in place several structural changes later this month, the result of a review that began in 2019, according to a background note it provided to Bloomberg. The focus will be on technology, infrastructure, life sciences and other future-oriented asset classes, alongside continued investment in renewables and other clean technologies.
Wednesday, 16 December, 2020 - 07:15 Asharq Al-Awsat
Mubadala, the Abu Dhabi-based sovereign investment company, announced Tuesday that it will be taking a significant stake into Asper Investment Management’s (Asper) Dorothea investment vehicle (Dorothea).
Dorothea is targeting to deploy more than AED 2.1 billion (€ 500 mn) into building a network of district heating services across the Netherlands.
Asper is Europe’s leading independent investment management firm specialized in sustainable real assets with investment vehicles dedicated to energy transition and a track record in district heating since 2014. Other investors in Dorothea include APG and the European Investment Bank.
Dorothea’s newly installed heating capacity is expected to deliver over 2 million GJ of sustainable heat by using clean-energy sources including a combination of geothermal, residual heat and sustainable, locally-sourced biomass. T
Abu Dhabi investment fund buys into district heating efforts in the Netherlands thinkgeoenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkgeoenergy.com Daily Mail and Mail on Sunday newspapers.