National Central Cooling completed the acquisition of cooling business of Saadiyat Island district from Aldar Properties for $262m.

National Central Cooling, a provider of district cooling solutions, completed the acquisition of cooling business of Saadiyat Island district from Aldar Properties, a real estate development, management and investment company, for $262m. “As an industry leader, our strategic partnerships have allowed Tabreed to grow into an international powerhouse in district cooling, with over 22 years of experience and investments across six countries. Our partnership with Aldar is one such example, and this transaction is testament to the strong relationship we enjoy with them,” Bader Al Lamki National Central Cooling Chief Executive Officer.