Cooper Business School

The CEO of BTU Group named Wael Almazeedi, recently said in regards to his acquisition of massive shares in Tabreed district cooling company located in the UAE, that they “have been closely following Tabreed’s progress for over a year now and believe that it represents an exceptional long-term investment opportunity. Tabreed’s business model is robust, and adheres to that of typical utility businesses in the US, Europe, and Japan.” He went on to complement the company on it’s world-class management team, who have helped to make sure the company is well known throughout the region.

BTU Group was established in 2001 to capitalize on privatization and simultaneous deregulation of the energy-related industries of the North African and Middle Eastern countries. In addition to acquiring resources in the power, gas, oil, petrochemical, and related industries, the company develops brown and greenfield project opportunities. Some of the leading publicly traded institutional investors in the GCC countries count themselves among the company’s main investors.

The purchase of the 1.77 million shares of Tabreed by BTU Group was largely related to the company’s prime industry. District cooling has some severe advantages over traditional air conditioning, which make it substantially more efficient in areas with high urban development. The company’s 22 plants located throughout the UEA super cool water, then pump it through a series of insulated tubes to the buildings of their clients. At the buildings, air is forced past the chilled water tubes, producing air conditioning. The process is less expensive, and saves on space and pollution. This puts Tabreed in a prime position to take over the area air conditioning market.

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