Labourers walk past a Tabreed building in Dubai March 8, 2010. REUTERS/Jumana El Heloueh
Dubai-listed National Central Cooling Company PJSC (Tabreed) (TABR.DU) is considering an acquisition in Oman and expanding into Egyptian and other Gulf markets, its CEO Khalid Abdulla Al Marzooqi said in an interview with Al Arabiya TV on Tuesday.
Tabreed, which provides cooling systems to governments, commercial, residential and private organisations, is also looking at opportunities to expand in the United Arab Emirates, Marzooqi said.
The company is currently in exclusive talks to buy regional mall operater Majid Al Futtaim’s cooling operations, two sources close to the matter told Reuters last week read more .
These regional expansion plans follow Tabreed’s recent moves into Asian markets.
In December last year, Tabreed officially partnered with the World Bank Group’s International Finance Corporation to expand its operations in India and establish a new holding company in Singapore. Reporting by Moataz Mohamed in Cairo; Writing by Lina Najem. Editing by Jane Merriman
This article was originally published by Reuters.
By Talal M. Al Gaddah, CEO and Founder of the Keturah luxury brand Global luxury…
Sales surge across all property segments as June takes Q2 deals to 38,157 worth AED110.2 billion …
Keturah founder says premium property market keeps proving its durability as villa, apartment deals average AED…
Jordan's luxury hospitality and lifestyle sector is witnessing renewed momentum as international hotel brands, premium…
Saudi Arabia's banking sector is entering a new phase of transformation, with Riyadh emerging as…
FIA President Mohammed Ben Sulayem says Clubs and government authorities are being given the tools…