Tabreed Finalizes Palm Jebel Ali Cooling Deal
Tabreed announces the completion of a major district cooling contract for Dubai's Palm Jebel Ali project.
Summary
Tabreed has finalized its district cooling concession for Palm Jebel Ali, marking a significant step in its expansion strategy in the GCC region.
In a significant development for the UAE's energy landscape, National Central Cooling Company PJSC, popularly known as Tabreed, has announced the formal completion of its long-term exclusive district cooling concession for the Palm Jebel Ali project in Dubai. This announcement was made through a formal communication to the Securities & Commodities Authority and the Dubai Financial Market, underscoring the importance of this project to the region's infrastructure development.
The project, which will be executed in multiple phases, is expected to deliver a total cooling capacity of approximately 250,000 Refrigeration Tons (RTs). Construction for the initial phase is already underway, promising to bring energy-efficient, cost-effective, and environmentally-friendly cooling solutions to one of Dubai's most ambitious developments.
This project is being managed by PJA District Cooling OPCO L.L.C. S.O.C., a special purpose vehicle established by Tabreed in collaboration with Dubai Holding. The partnership highlights the strategic alliances Tabreed is forming to expand its footprint in the GCC region.
Founded in 1998, Tabreed has been a pioneer in district cooling solutions, providing essential services to major government, commercial, and residential projects across the GCC. With 83 plants in its portfolio, the company is a critical player in the region's infrastructure, delivering over a million RTs of cooling capacity.
As Tabreed continues to expand its operations, the Palm Jebel Ali project represents a significant milestone in its growth trajectory. The company's commitment to keeping the market informed about the project's progress is a testament to its transparent operational approach.
From an investment perspective, Tabreed's strategic projects and partnerships position it well for future growth. However, given the current market conditions and the scale of the project, a cautious approach is advisable. Investors might consider holding their positions to see how the project progresses and how it impacts Tabreed's financial performance in the coming quarters.
Source
Summary
Sean Magee, Secretary of the Board of Directors, addressed a notice dated 16 September 2025 to Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Hamid Ali, CEO of the Dubai Financial Market. The letter confirms the completion of contractual procedures for the Palm Jebel Ali project in Dubai, following a previous disclosure on 17 March 2025. The project, involving a long-term exclusive district cooling concession, has been awarded to PJA District Cooling OPCO L.L.C., a special purpose vehicle created by the National Central Cooling Company PJSC and Dubai Holding. The project will be executed in multiple phases with an expected cooling capacity of approximately 250,000 RTs, and construction for the initial phase is currently underway. The company commits to keeping the market informed with timely updates as the project progresses and invites further inquiries.
