Dubai – Mubasher: National Central Cooling Company (Tabreed) is considering a potential acquisition of district cooling assets at Dubai International Airport, which were up for sale.

Tabreed confirmed that the study is preliminary in nature only and there is no acquisition agreement in place with any party.

The company further remarked that it is continuously exploring potential acquisitions in respect of prime district cooling assets in the UAE, the wider region, and across the world, as part of its growth plan to generate value for its stakeholders.

The company made on Thursday this announcement to the Dubai Financial Market (DFM) to clarify news articles on its interest to execute further acquisitions in the region.

It is noteworthy to mention that in November 2020, Bloomberg reported that Dubai is seeking to sell the cooling system operations of its biggest airport, which were valued at around $750 million.