Tabreed plans double expansion of capacity
Central cooling company, Tabreed, has announced plans to double its capacity by 2009
Central cooling company, Tabreed, has announced plans to double its capacity by 2009.
The company currently has 24 plants with capacity of more than 350,000 tonnes, while 14 more plants are under construction and projected for operation this year.
"This will increase capacity to more than 400,000 tonnes," said Dany Safi, chief executive, Tabreed.
The company plans to invest up to US $1.6 billion (AED6 billion) in expanding its operations over the next three years.
It will also expand operations in Jordan, Saudi Arabia, Qatar, Bahrain and Oman.
"We will soon announce a new project overseas, while our UAE operations are witnessing a surge in the emirate of Abu Dhabi, which is accounting for $1.08 million worth of investments, and most of the 14 new plants are there," added Safi.
Tabreed is also in the process of establishing a company in Kuwait, in addition to its existing real estate developer partner in Jordan, where the company is establishing a 50,000 tonnes-a-year plant with heating capacity.
The company's recent contract wins include the supply of 12,500 tonnes of refrigeration (TR) cooling services to the Etihad Towers development in Abu Dhabi, which is made up of five towers.
Tabreed also secured six contracts in Abu Dhabi in November, which required a combined 57,000TR supply to the HH Sheikh Zayed Bin Sultan Al Nahyan Mosque, a government building, three mixed-use developments and a school.