Saudi Tabreed plans new $150m Jabal Omar plant
New 55,000RT project will serve Holy City of Mecca
Saudi Tabreed, an affiliate of Abu Dhabi district cooling giant Tabreed, has announced that it is set to invest almost US $150 million into a new district cooling project to serve the Jabal Omar development in the Holy City of Mecca. The new project will see the firm partnering with the Saudi-based Jabal Omar Development Company (JODC) to develop the first two phases of a new plant with a final capacity of 55,000 RT.
The 20-year Build-Own-Operate-Transfer arrangement is set to be completed by a special purpose vehicle called Central District Cooling Company. Saudi Tabreed holds a 60% stake in this project company, with JODC holding the remainder.
“We are delighted to be investing alongside our partners at Saudi Tabreed in such a landmark development in the Kingdom of Saudi Arabia. This project marks a major step forward for Tabreed in Saudi Arabia as it underscores the significance we attribute to this market given the growth opportunities present here as a result of the nation’s commitment to utilising energy efficient solutions to meet its increasing cooling demands,” said Tabreed chairman, Waleed Al Mokarrab Al Muhairi.
The first phases of the project are expected to reach completion in around 18 months, with a contracted capacity of 35,900 RT.
Tabreed CEO, Jasim Thabet, added: “The Jabal Omar project is one of the key infrastructure projects in Saudi Arabia and is intended to cater to Mecca’s expanding population. As cities in the GCC continue to grow, district cooling’s energy and cost efficiencies have proven to be the ideal solution for densely populated areas that have a high demand for year-round air conditioning.”