Royal Commission for Jubail & Yanbu (Jubail Economic City & Jubail University College)
Saudi Tabreed, through its subsidiary Jubail & Yanbu District Cooling Co. signed an agreement with the Royal Commission for Jubail & Yanbu.
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.
The agreement between Saudi Tabreed and Royal Commission for Jubail and Yanbu is to provide district cooling services for Jubail Economic City for total capacity of 63,750 TR under 30 years concession via lease agreement.
Saudi Tabreed scope is to cover operation and maintenance for a District cooling plant with capacity of 21,000 TR with a projection to expand for additional 42,000 TR in the future phases.
- AREA Jubail Economic City
- AREA TYPE Commercial
- TERM 30 Years
- CONTRACT CAPACITY 63,750 TR
- TYPE Lease agreement
- OUTSOURCE Jubail & Yanbu District Cooling Co. (Saudi Tabreed 80%, Marafiq 20%)
- TARIFF Connection, Capacity, Consumption Charge