Tabreed Eyes Expansion Into Southeast Asia With Sponsorship of Third Asia Urban Energy Assembly
09 July 2024 - 4:30PM
Business Wire
- Company ready to offer world-leading experience to legislators
and developers in combating climate change through energy
efficiency and economies of scale
Tabreed, the world’s leading district cooling company, has
wrapped its sponsorship and participation at the third edition of
Asia Urban Energy Assembly in Bangkok, Thailand. Strategically an
extremely promising market for sustainable cooling, Tabreed is
seeking new opportunities across Southeast Asia, where the effects
of global temperature rises are posing ever greater risks to
society.
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the full release here:
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Chief Executive Officer, Khalid Al
Marzooqi (Photo: AETOSWire)
Directly addressing, and engaging with, developers, architects,
planners, engineers, consultants and government officials, members
of Tabreed’s senior management made a clear and compelling case for
district cooling to be considered an essential part of sustainable
infrastructure. As new smart cities are being planned, responsible
governments and developers must build into them future-proof
technology that reduces energy consumption with reliable,
sustainable services that allow communities and industries to
flourish.
“Cooling can no longer be considered a luxury,” commented
Tabreed’s Chief Executive Officer, Khalid Al Marzooqi. “It’s now
essential for life and the demand for cooling is soaring as climate
change impacts more countries and territories. It’s essential for
economic development, for health, comfort and social harmony, and
Tabreed has been an enabler of these vital aspects for more than a
quarter of a century.”
District cooling supplies industrial, business and residential
developments with chilled water from centralised plants via
underground networks of insulated pipes, which is then used in
buildings’ air conditioning systems before being returned to the
plant for further cooling in a continuous cycle. The benefits are
well documented and include 50% lower electricity consumption than
conventional cooling, as well as reduced noise and visual
pollution. Developers, too, can benefit from zero initial capital
investment and increased real estate values.
“Even more importantly,” concluded Al Marzooqi, “each year, by
virtue of its high efficiency and lower energy consumption,
Tabreed’s operations prevent the release of millions of tons of
carbon emissions. That’s good for everyone, everywhere, and we’re
playing a vital role in helping multiple countries reach their
individual net-zero ambitions.”
About Tabreed
Tabreed provides essential and sustainable district cooling
services to iconic developments in the Middle East and Asia – a
leading driver of progress for people, communities and environments
around the world towards a more sustainable future. Founded in 1998
and publicly listed on the Dubai Financial Market, it is one of the
UAE’s strongest growth companies.
Through its extensive regional and international operations,
industry-leading reliability and efficiency, R&D programmes and
investment in AI technology, Tabreed is the district cooling
industry’s global leader. In addition to district cooling,
Tabreed’s energy efficiency services extend the company’s
sustainability impact, helping businesses and organisations to
improve their overall energy consumption, in turn reducing CO2
emissions and assisting in the achievement of carbon neutrality
objectives.
Source: AETOSWire
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version on businesswire.com: https://www.businesswire.com/news/home/20240708705504/en/
Samer Al Tawil Senior Manager, Marketing and Engagement
saltawil@tabreed.ae
Kevin Hackett Assistant Manager, External Communications
khackett@tabreed.ae