News

SAL Cargo Project, Jeddah Airport

15 October 2020

Saudi Tabreed has signed an agreement with SAL Cargo Company in Jeddah to execute certain replacement and upgradation works at the existing cooling plant of King Abdulaziz International Airport serving the Cargo Terminal. The scope includes chilled water system upgradation on an EPC Contract basis.

SAL Cargo Company is Operating and maintaining the Cargo operations at the Jeddah International Airport and is currently building two new Cargo Terminal buildings in KAIA to provide logistic operations and ground handling services.

Al-Jawharah Mall Project, Al-Jawharah Al-Kubra for Real Estate Development & Investment Company, Jeddah

09 October 2020

Saudi Tabreed has signed an agreement with Mohammad Al-Habib Real Estate Development Company through one of its subsidiaries to provide the District Cooling Services to Al-Jawharah Mall Project in Jeddah with a total capacity of 10,000 TR under 30 years concession via BOOT framework.

Al Jawhara mall is an upcoming destination in Jeddah located in north side of the city 
Stretching on area for more than one 100,000 sqm on 3 Levels. With a total built up area of 208,000+ sqm attached with a luxury word class hotel by a direct access to the mall & incredible outdoor walkway with magnificent atmosphere.

King Abdul-Aziz Road Project (KAAR), Umm Al-Qura for Development Company, Makkah

30 March 2020

Saudi Tabreed signed an agreement with Umm Al-Qura for Development Company to provide district cooling services with total capacity of 12,000 TR for the first phase of King Abdul-Aziz Road Project.

King Abdul-Aziz Road Project “KAAR” is one of the most signature urban development project in the centra area of Makkah providing connectivity to Al Haram Holy Mosque with a long Grand Pedestrian Boulevard, surrounded by hotels, commercial and retail facilities, residential buildings, car parking, public spaces and public amenities to support religious, social and commercial activities to Hajj and Umrah pilgrims and other visitors and local residents

Royal Commission for Jubail & Yanbu (Jubail Economic City & Jubail University College)

15 March 2020

Saudi Tabreed, through its subsidiary Jubail & Yanbu District Cooling Co. signed an agreement with the Royal Commission for Jubail & Yanbu to provide district cooling services for Jubail Economic City in Jubail for 42,000 TR as phase one under 30 years concession via BOOT framework and to manage and operate the Jubail University College with an ultimate cooling capacity of 36,000 TR.

The Jubail Economic City, a site of 275 hectares at Mardumah Bay in Jubail, is a state of the art city center for business, living and entertainment. The city will provide 550,000 m2 office floor space, mixed use accommodations for 32,000 residents and 350,000 m2 retail and convention floor space.

King Fahd University of Petroleum & Minerals (KFUPM Business Park), Dhahran

01 December 2019

Saudi Tabreed signed an agreement with Dhahran Techno Valley to provide district cooling services for KFUPM Business Park in Dhahran for 28,000 TR under 30 years concession via BOOT framework, serving a total connected load of 15,000 TR as phase one.

KFUPM Business Park is a state of art business park comprising a mixed-use development of 200,000 m2 of land, including Class A Offices, upscale residential apartments, 4 star hotel and serviced apartments and supporting retail and associated facilities. The project is funded by KFUPM Endowment fund and is managed by Saudi Aramco.

IDB Infrastructure Fund II invests in Saudi Tabreed

03 May 2018

Saudi Tabreed District Cooling Company (“Saudi Tabreed” or the “Company”), the leading district cooling scheme developer in the Kingdom of Saudi Arabia, announced today the acquisition by the IDB Infrastructure Fund II (the “Fund”) of a significant minority stake in Saudi Tabreed.

The sponsors of the Fund are the Islamic Development Bank (“IDB”), the Public Investment Fund of the Kingdom of Saudi Arabia (“PIF”), the Public Pension Agency of the Kingdom of Saudi Arabia (“PPA”), the Ministry of Finance of the Kingdom of Bahrain and the Ministry of Finance of the Sultanate of Brunei Darussalam. The Fund invests in infrastructure sectors across the 57 member countries of the IDB and the member countries of the Association of South East Asian Nations (“ASEAN”).

The Company Chairman Mr. Mohammed Abunayyan said, “The Fund’s interest in Saudi Tabreed is a strong endorsement of Saudi Tabreed’s leadership and its leading market position. He further emphasized that the inclusion of the Fund in the shareholder base is of strategic importance and the investment will contribute towards the next phase of our ambitious growth plans with main emphasis on the value adds of district cooling scheme outsourcing under long term concessions from the government perspective following the vision 2030.”

Saudi Tabreed is the leading provider of environmentally friendly district cooling solutions in the Kingdom of Saudi Arabia. The Company currently has a contracted capacity of 349,000 tons of refrigeration. The company currently operates district cooling plants in Saudi Aramco, Jabal Omar Development, King Khalid International Airport, King Abdullah Financial District, Al Ra’idah Digital City and Qurayyah Independent Power Plant. Its shareholders include ACWA Holding, National Central Cooling Company (Tabreed UfeaAE), Almutlaq Group and LAMA Holding.

Signing LOI – King Faisal Specialist Hospital & Research Center (KFSH & RC)

25 November 2016

Saudi Tabreed signed an agreement of Intent on November 25th 2016 with King Faisal Specialist Hospital in Jeddah for the development of 62,000 TR District Cooling System. The project comprises of taking-over and expanding the existing plant capacity to 37,000 TR in phase one, and building an additional plant of 25,000 TR capacity in phase two based on 30 years concession under BOOT framework.

Signing LOI – King Fahd University of Petroleum & Minerals (KFUPM) - Business Park

20 November 2016

Saudi Tabreed signed an agreement of Intent on November 20th 2016 with Dhahran Techno Valley to provide district cooling services for King Fahd University of Petroleum & Minerals (KFUPM) Business Park in Dhahran for a load of 15,000 TR for first phase based on 30 years concession under BOOT framework.

5th Annual Climate Control Awards

24 November 2015

Saudi Tabreed was awarded the District Cooling Utility Provider of the Year 2015, via ST Aramco District Cooling Scheme. The ceremony was held yesterday evening the 23rd of November in Dubai.

Keeping Cool - FORBES Middle East Magazine

25 September 2015

Saudi Tabreed CEO, Kamal Pharran was interviewed by FORBES Middle East Magazine highlighting ST success stories during the last 5 years and how District Cooling being an energy efficient and environmental friendly Solution.

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