Having effortlessly transitioned into acting, Fouzia's debut film swiftly captured global acclaim, earning accolades at the prestigious Cannes Film Festival
Emaar will retain the remaining 20 per cent stake as part of the long-term partnership with Tabreed.
Downtown Dubai is home to the iconic Burj Khalifa, the world's tallest building, The Dubai Mall, the most visited mall in the world, The Dubai Fountain, Dubai Opera and other landmark residential, commercial and hospitality developments.
The long-term concession will provide up to 235,000 RT of cooling to the developments with the largest integrated energy efficient cooling scheme in the world.
The district cooling scheme currently provides 150,000 RT of contracted capacity through a network that distributes chilled water produced in three already built interconnected district cooling plants, shortly followed by a 4th state-of-the-art plant that is currently under construction.
Following the completion of the transaction, Tabreed's presence in Dubai has increased to 278,801 RT and its total capacity has increased by 12.6 per cent to 1,338,602 RT from 83 plants.
Khaled Abdulla Al Qubaisi, chairman of Tabreed, said: "We are well placed to take advantage of growth opportunities and expect our enhanced presence within the Dubai market to further enable us to reach our longterm objectives."
Mohamed Alabbar, chairman of Emaar Properties, said: "This is a key transaction for both Emaar and Tabreed. Tabreed is one such example where we can identify with many synergies between the companies."
waheedabbas@khaleejtimes.com
Having effortlessly transitioned into acting, Fouzia's debut film swiftly captured global acclaim, earning accolades at the prestigious Cannes Film Festival
Parag, who reached his 50 off 34 balls, cracked 25 runs with three fours and two sixes off the final over bowled by star South Africa paceman Anrich Nortje
Fans were left scratching their heads when Mumbai opted to take Bumrah out of the attack after he bowled the fourth over
With the help of modern equipment, manicured golf courses and elite athletes the scores are getting lower and the game becoming even more captivating
With 10 matches remaining Arsenal lead a three-way title race having won eight successive games
Three separate Israeli strikes on Wednesday, including on a health centre in the border village of Habariyeh, killed 11 civilians
Netanyahu tries to soothe a rift with Biden as he plans to send a government delegation to Washington after earlier cancelling the trip
Among the 24 horses Japan has sent to Dubai is impressive Riyadh Dirt Sprint winner Remake who eyes a Middle East double