# Tabreed acquires Saadiyat Island district cooling concessions for AED 963 million

National Central Cooling Company (Tabreed) has acquired Saadiyat Cooling LLC and Saadiyat District Cooling Sole Proprietorship LLC from Aldar Properties for AED 963 million. The concessions have a total capacity of 88,000 refrigerated tonnes, including plants serving the Louvre Abu Dhabi and NYUAD.

- Type: Acquisition
- Announced: 2020-12-23
- Where: Saadiyat Island, Abu Dhabi, United Arab Emirates
- Value: $262.0M (963.0M AED)
- Status: announced
- Capacity: 88,000 refrigerated tonnes
- Products: district cooling services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Tabreed](https://endata.com/companies/30728.md) (acquirer)
- [Aldar Properties](https://endata.com/companies/30729.md) (target)
- [Saadiyat Cooling](https://endata.com/companies/52097.md) (target)
- [Saadiyat District Cooling Sole Proprietorship](https://endata.com/companies/52098.md) (target)

## Sources

- [tabreed.ae](https://www.tabreed.ae/news/tabreed-acquires-saadiyat-island-district-cooling-concessions-aed-963-million), 2020-12-23: "I am delighted to be signing this agreement today, as we continue to accelerate our growth trajectory and consolidate our position in the UAE."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.