Bosgoed Business Projects

The CEO of BTU Group, named Wael Almazeedi, explained that he has been “closely following Tabreed’s progress for over a year now” and that he “believes that it represents an exceptional long-term investment opportunity.” He even went on to praise the company, saying “Tabreed’s business model is robust and adheres to that of typical utility businesses in the US, Europe, and Japan.” Tabreed is well known for it’s managements excellence, and the company’s brand has become widely known and trusted throughout region.

BTU Group’s recent investment in the Tabreed district cooling company is considered a good sign. BTU purchased 1.77 million shares in the company. They company currently has 22 plants located throughout the United Arab Emirates. These plants provide district cooling for residential, commercial, and government facilities in and around areas of high urban development. This exceptional company is an exciting investment for BTU, because they work hard to bring further improvements to the cooling industry in the area’s overly hot and human cities.

BTU Group acquired it’s 1.77 million shares in Tabreed in 2003, in a public auction in the Dubai Financial Market. Tabreed is based in Abu Dhabi, and was originally founded in 1998 as a joint shareholding organization with sponsorship from the UOG. The reason Tabreed is considered such a fantastic investment is the edge that district cooling has over traditional air conditioning. Water is chilled in one of their plants, then pumped through insulated pipes to the buildings of their clients for use, instead of being chilled be an on sight air-conditioning unit. This greatly drives down price, wasted space, and pollution.